Gabrielle Notice

Development Company     Assets Current assets: Cash 50,000,000.00 Land 150,000,000.00 Construction in Progress 200,000,000.00 Paid Expenses 10,000,000.00 Other Current Assets 20,000,000.00 Total assets 430,000,000.00     Liabilities and owner's equity Current liabilities: Accounts payable 15,000,000.00 Construction Loans 100,000,000.00 Accrued Expenses 5,000,000.00 Other Current Liabilities 10,000,000.00 Total current liabilities 130,000,000.00 Owner's equity: Investment capital 500,000,000.00 Retained earnings (200,000,000.00) Total owner's equity 300,000,000.00 Total liabilities and owner's equity 430,000,000.00 Balance Sheet as at Jul 31, 2023 Development Housing Scheme Project Yearly Progress Report (Years 2023 - 2026) Year: 2023 The project commenced in 2023 with a capital investment of 500 million JMD. Land acquisition was successfully completed at a cost of 150 million JMD. Construction activities began, resulting in 200 million JMD categorized as "Construction in Progress." The project's total assets reached 430 million JMD. Liabilities stood at 130 million JMD, including accounts payable, construction loans, and accrued expenses. The project entered its initial stages, focusing on infrastructure development. Year: 2024 Construction continued to progress steadily throughout 2024. An additional investment of 120 million JMD was made in construction activities, contributing to the growth of "Construction in Progress." The project's assets expanded, driven by ongoing construction and prudent financial management. Liabilities were managed effectively, with steady repayment of construction loans and controlled accrual of expenses were made by June 2024. Year: 2025 The project experienced significant advancement in construction, leading to notable growth in "Construction in Progress." Continued investment in infrastructure and development activities contributed to asset expansion. Liabilities remained manageable, reflecting responsible financial management and control over expenses. Construction activities have reached completion status, resulting in a substantial increase in the value of "Construction in Progress." Year: 2026 The project's assets showcased impressive growth, reflecting the completion of the housing scheme in September 2025. Liabilities were maintained at a reasonable level, demonstrating effective liability management and prudent financial decision-making. The housing scheme project was on track to achieve its targeted completion milestones by the projected year.Top of Form