Caseware UK (AP4) 2021.0.152 2021.0.152 2022-01-312022-01-312022-05-09At 31 January 2021 the director owed the Company £17,990. During the year the director repaid £19,000 to the Company. Personal expenses of £45 were paid on behalf of the director. Interest totalling £245 (2021 - £404) was charged at HMRC's official rate of interest on the overdrawn balance. At the year end the Company owed £721 to the director. This balance is included within other creditors in note 6 to the financial statements and is repayable on demand.19245falsedirector2021-02-01Developing land for resale11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01197185 2021-02-01 2022-01-31 01197185 2020-02-01 2021-01-31 01197185 2022-01-31 01197185 2021-01-31 01197185 c:Director1 2021-02-01 2022-01-31 01197185 c:RegisteredOffice 2021-02-01 2022-01-31 01197185 d:PlantMachinery 2021-02-01 2022-01-31 01197185 d:PlantMachinery 2022-01-31 01197185 d:PlantMachinery 2021-01-31 01197185 d:OfficeEquipment 2021-02-01 2022-01-31 01197185 d:OfficeEquipment 2022-01-31 01197185 d:OfficeEquipment 2021-01-31 01197185 d:CurrentFinancialInstruments 2022-01-31 01197185 d:CurrentFinancialInstruments 2021-01-31 01197185 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 01197185 d:CurrentFinancialInstruments d:WithinOneYear 2021-01-31 01197185 d:ShareCapital 2022-01-31 01197185 d:ShareCapital 2021-01-31 01197185 d:RetainedEarningsAccumulatedLosses 2022-01-31 01197185 d:RetainedEarningsAccumulatedLosses 2021-01-31 01197185 c:FRS102 2021-02-01 2022-01-31 01197185 c:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 01197185 c:FullAccounts 2021-02-01 2022-01-31 01197185 c:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 01197185 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-02-01 2022-01-31 01197185 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2020-02-01 2021-01-31 01197185 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-01-31 01197185 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-01-31 01197185 2 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure

Registered number: 01197185










A.H.P. BUILDERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

 
A.H.P. BUILDERS LIMITED
 
 
COMPANY INFORMATION


Director
J W Gay 




Registered number
01197185



Registered office
The Pump House
Lynford Hall

Lynford Road

Thetford

Norfolk

IP26 5HW




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
A.H.P. BUILDERS LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2
Notes to the financial statements
 
 
3 - 7


 
A.H.P. BUILDERS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF A.H.P. BUILDERS LIMITED
FOR THE YEAR ENDED 31 JANUARY 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.H.P. Builders Limited for the year ended 31 January 2022 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of A.H.P. Builders Limited in accordance with the terms of our engagement letter dated 10 August 2021Our work has been undertaken solely to prepare for your approval the financial statements of A.H.P. Builders Limited  and state those matters that we have agreed to state to the director of A.H.P. Builders Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.H.P. Builders Limited and its director for our work or for this report. 

It is your duty to ensure that A.H.P. Builders Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A.H.P. Builders Limited. You consider that A.H.P. Builders Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of A.H.P. Builders Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
 
12 September 2022
Page 1

 
A.H.P. BUILDERS LIMITED
REGISTERED NUMBER: 01197185

BALANCE SHEET
AS AT 31 JANUARY 2022

2022
2022
2021
2021
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
-
2,810

Current assets
  

Stocks
  
515,157
498,843

Debtors: amounts falling due within one year
 5 
20,060
56,621

Cash at bank and in hand
  
18,887
550

  
554,104
556,014

Creditors: amounts falling due within one year
 6 
(2,263,912)
(2,173,634)

Net current liabilities
  
 
 
(1,709,808)
 
 
(1,617,620)

  

Net liabilities
  
(1,709,808)
(1,614,810)


Capital and reserves
  

Called up share capital 
  
9,630
9,630

Profit and loss account
  
(1,719,438)
(1,624,440)

  
(1,709,808)
(1,614,810)


The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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 on 9 May 2022.




J W Gay
Director

Page 2

 
A.H.P. BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1.


General information

A.H.P. Builders Limited is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office is The Pump House, Lynford Hall, Lynford Road, Thetford, IP26 5HW.
The Company's principal activity is that of developing land for resale.

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

At the balance sheet date the Company owed £2,131,209 to its parent undertaking.  The director (who is also sole director of the parent undertaking) has confirmed that repayment of this balance will not be requested without the Company having sufficient funds with which to do so.
The director therefore considers it appropriate to prepare the financial statements on a going concern basis and is satisfied that the Company will continue to trade for a period of at least twelve months from the date of approval of the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.  Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
A.H.P. BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on both a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks represent work in progress on development projects and are valued at the lower of cost and net realisable value of the work undertaken, being the estimated selling price less costs to complete and sell.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
A.H.P. BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.  Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 5

 
A.H.P. BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£





At 1 February 2021
3,437
1,749
5,186


Disposals
(3,437)
(1,749)
(5,186)



At 31 January 2022

-
-
-





At 1 February 2021
1,501
875
2,376


Disposals
(1,501)
(875)
(2,376)



At 31 January 2022

-
-
-



Net book value



At 31 January 2022
-
-
-



At 31 January 2021
1,936
874
2,810


5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
-
15,825

Other debtors
20,060
40,796

20,060
56,621


Page 6

 
A.H.P. BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loan
-
3,250

Trade creditors
103
2,299

Amounts owed to group undertakings
2,139,289
2,083,473

Corporation tax
-
51

Other taxation and social security
-
591

Other creditors
122,535
80,390

Accruals and deferred income
1,985
3,580

2,263,912
2,173,634



7.


Transactions with directors

At 31 January 2021 the director owed the Company £17,990.  During the year the director repaid £19,000 to the Company.  Personal expenses of £45 were paid on behalf of the director.
Interest totalling £245 (
2021 - £404) was charged at HMRC's official rate of interest on the overdrawn balance.


8.


Related party transactions

At the year end the Company owed £721 to the director.  This balance is included within other creditors in note 6 to the financial statements and is repayable on demand. 

 
Page 7