REGISTERED NUMBER: 09957667 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Kammbronn Homes Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr N W Perry

Mr C C Hunt

Mr M J Lugg

Mr N C Jackson

REGISTERED OFFICE:

12 Tresprison Business Park

Helston

Cornwall

TR13 0QD

REGISTERED NUMBER:

09957667 (England and Wales)

ACCOUNTANTS:

Mitchell Chartered Accountants

Marlborough

Hillcrest

Helston

Cornwall

TR13 8UN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kammbronn Homes Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kammbronn Homes Limited, as a body, in accordance with the terms of our engagement letter dated 2 March 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Kammbronn Homes Limited and state those matters that we have agreed to state to the Board of Directors of Kammbronn Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kammbronn Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kammbronn Homes 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 Kammbronn Homes Limited. You consider that Kammbronn Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kammbronn Homes 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.

Mitchell Chartered Accountants

Marlborough

Hillcrest

Helston

Cornwall

TR13 8UN

4 October 2023

CURRENT ASSETS

Stocks

5

-

63,459

Debtors

6

5,435

70,498

Investments

7

100

200

Cash at bank

6,582

228,688

12,117

362,845

CREDITORS

Amounts falling due within one year

8

1,100

338,620

NET CURRENT ASSETS

11,017

24,225

TOTAL ASSETS LESS CURRENT LIABILITIES

11,017

24,225

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

10,917

24,125

SHAREHOLDERS' FUNDS

11,017

24,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:

Mr N W Perry - Director

Mr M J Lugg - Director

1.	STATUTORY INFORMATION

Kammbronn Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Kammbronn Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5.

STOCKS

31.3.23

31.3.22

£

£

Work-in-progress

-

63,459

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

5,001

64,212

Tax

26

6,115

VAT

408

171

5,435

70,498

7.	CURRENT ASSET INVESTMENTS

31.3.23

31.3.22

£

£

Shares in group undertakings

100

200

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other loans

-

97,176

Trade creditors

-

59,302

Amounts owed to group undertakings

100

180,910

Social security and other taxes

-

232

Accrued expenses

1,000

1,000

1,100

338,620

2022: The loan above has been included at the present value, using an effective rate of interest. The value of the loan repayable including the effective interest is £97,176.

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.23

31.3.22

£

£

Other loans

-

97,176

2022: There is a mortgage in place and a charge over the land included within work in progress. The debt exceeds the current book value of the land as the land has been reduced in value due to the present value calculation for the interest free loan. The market value of the loan is considered to be higher than the book value.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

1

100

100

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Marconi Builders and Developers Limited.

The parent company noted above has it's registered office and trades from the same address as Kammbronn Homes Limited. This is recorded on the company information page. The group is a small group and therefore is exempt from preparing group accounts.