IBEX HOMES LIMITED

Company Registration Number:
06315941 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

IBEX HOMES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Company Information - 3
Balance sheet - 4
Additional notes - 6

IBEX HOMES LIMITED

Company Information

for the Period Ended 31 December 2021




Registered office: Drivers Wharf, Northam Road
Northam
Southampton
Hampshire
SO14 0PF
Company Registration Number: 06315941 (England and Wales)

IBEX HOMES LIMITED

Balance sheet

As at 31 December 2021


Notes

2021
£

2020
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 1,767,457 3,100,043
Debtors: 47,400 66,775
Cash at bank and in hand: 46,299 652,388
Total current assets: 1,861,156 3,819,206
Creditors: amounts falling due within one year: ( 174,771 ) ( 1,359,221 )
Net current assets (liabilities): 1,686,385 2,459,985
Total assets less current liabilities: 1,686,385 2,459,985
Creditors: amounts falling due after more than one year: ( 963,964 ) ( 1,797,630 )
Total net assets (liabilities): 722,421 662,355

The notes form part of these financial statements

IBEX HOMES LIMITED

Balance sheet continued

As at 31 December 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 722,321 662,255
Shareholders funds: 722,421 662,355

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 September 2022
And Signed On Behalf Of The Board By:

Name: Mr P G Harding
Status: Director

The notes form part of these financial statements

IBEX HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for goods and services net of VAT. Income from the sale of property is recognised when the company becomes entitled to it under the terms of its contracts with the purchasers. Rental income is recognised on an accruals basis in the period to which it relates.

    Tangible fixed assets depreciation policy

    Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset equally over its expected useful life, as follows:Fixtures,fittings & equipment 10% straight line basis

    Valuation information and policy

    Stocks and Work in progress is valued at the lower of cost and net realisable value.

IBEX HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 1 1

IBEX HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 3. Off balance sheet disclosure

    No