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REGISTERED NUMBER: 06961781 (England and Wales)






















Financial Statements

for the Year Ended 31 March 2023

for

Redbourne Homes (Epworth) Limited

Redbourne Homes (Epworth) Limited (Registered number: 06961781)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Redbourne Homes (Epworth) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J N E Breheny





SECRETARY: S Aziz





REGISTERED OFFICE: Flordon Road
Creeting St Mary
Ipswich
Suffolk
IP6 8NH





REGISTERED NUMBER: 06961781 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Redbourne Homes (Epworth) Limited (Registered number: 06961781)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 1,354,991 842,348
Debtors 4 940,434 785,248
Cash at bank 332,009 144,191
2,627,434 1,771,787
CREDITORS
Amounts falling due within one year 5 2,686,465 2,601,401
NET CURRENT LIABILITIES (59,031 ) (829,614 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(59,031

)

(829,614

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (59,131 ) (829,714 )
SHAREHOLDERS' FUNDS (59,031 ) (829,614 )

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2023 and were signed by:





J N E Breheny - Director


Redbourne Homes (Epworth) Limited (Registered number: 06961781)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Redbourne Homes (Epworth) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared on a going concern basis which assumes that Breheny Group Limited will continue to support the company. If this support were not to continue then this basis may not be appropriate. As at 31 March 2023 the companies liabilities exceeded its assets by £59,031 (2022: £829,614).

Should the company not be able to continue trading, adjustments to the value of assets would be needed to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover comprises the value of contracting work executed during the year. The value of contracting work is based on the measured values, incorporating profit earned to the valuation date and adjusted for any anticipated losses.

Stocks
Stocks and Work in Progress are valued at the lower of cost and net realisable value.

Contract Work in Progress, in respect of short term contracts (less than one year), has been valued at the lower of cost including the appropriate production overheads and net realisable value plus a proportion of profit where the contract is material to the result in the year. Long term contracts (more than one year) have been valued on the same basis.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 512,884 631,735
Other debtors 427,550 153,513
940,434 785,248

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,269,486 131,245
Taxation and social security 5,747 2,173
Other creditors 1,411,232 2,467,983
2,686,465 2,601,401

Redbourne Homes (Epworth) Limited (Registered number: 06961781)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 April 2022 (829,714 )
Profit for the year 770,583
At 31 March 2023 (59,131 )

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw BSc FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

9. OTHER FINANCIAL COMMITMENTS

The company is party to a an omnibus guarantee and set off agreement, with an unlimited guarantee given by Breheny Group Limited, all subsidiaries within the Breheny Group, and by Breheny Group Plant Limited, Redbourne Homes (Epworth) Limited and Redbourne Homes (Nedging Tye) Limited. This is supported by debentures by Breheny Group Limited, by all subsidiaries within the Breheny Group, and by Breheny Group Plant Limited, Redbourne Homes (Epworth) Limited and Redbourne Homes (Nedging Tye) Limited.

The Facility is further secured by a first legal charge over all property held by the Breheny Group and its subsidiaries, and over freehold land and buildings held by Redbourne Homes (Epworth) Limited.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J N E Breheny, a director, by virtue of his share holdings in the company.

The ultimate parent entity is Redbourne Homes Limited. The company's registered office is as follows:

15 Newland
Lincoln
LN1 1XG