Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseConstruction of domestic buildings2020-11-022truetrue 12988728 2020-11-01 12988728 2020-11-02 2021-11-30 12988728 2019-11-02 2020-11-01 12988728 2021-11-30 12988728 c:Director2 2020-11-02 2021-11-30 12988728 d:CurrentFinancialInstruments 2021-11-30 12988728 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 12988728 d:ShareCapital 2021-11-30 12988728 d:RetainedEarningsAccumulatedLosses 2021-11-30 12988728 c:FRS102 2020-11-02 2021-11-30 12988728 c:AuditExempt-NoAccountantsReport 2020-11-02 2021-11-30 12988728 c:FullAccounts 2020-11-02 2021-11-30 12988728 c:PrivateLimitedCompanyLtd 2020-11-02 2021-11-30 iso4217:GBP xbrli:pure

Registered number: 12988728










EGLI HOMES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2021

 
EGLI HOMES LIMITED
REGISTERED NUMBER: 12988728

BALANCE SHEET
AS AT 30 NOVEMBER 2021

2021
Note
£

  

Current assets
  

Stocks
  
712,657

Cash at bank and in hand
  
7,293

  
719,950

Creditors: amounts falling due within one year
 4 
(720,840)

Net current (liabilities)/assets
  
 
 
(890)

Total assets less current liabilities
  
(890)

  

Net (liabilities)/assets
  
(890)


Capital and reserves
  

Called up share capital 
  
600

Profit and loss account
  
(1,490)

  
(890)

Page 1

 
EGLI HOMES LIMITED
REGISTERED NUMBER: 12988728
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G D Miller
Director

Date: 29 July 2022

The notes on pages 3 to 4 form part of these financial statements.
Page 2

 
EGLI HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

1.


General information

Egli Homes Limited is a private company, limited by shares, incorporated in England and Wales in the United Kingdom. The address of the registered office is 23 West Street, West Malling, England, ME19 6QX. 
The accounting period for these financial statements are presented for a period of almost 13 months to 30 November 2021.  The accounting period is longer than 12 months as this is the first accounting period of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company's balance sheet shows a net current liabilities position at the balance sheet date.  This is due to the Company being in the early stages of its life cycle.  The directors will continue to support the Company during this time and have confirmed that any loans will not become due for repayment until such time as the Company has the funds to repay them.  As such, the directors believe it correct to prepare the accounts on a going concern basis.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Work in progress consists of unbilled amounts of work done on long term contracts. 

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 3

 
EGLI HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Creditors: Amounts falling due within one year

2021
£

Other creditors
719,400

Accruals and deferred income
1,440

720,840


 
Page 4