IRIS Accounts Production v23.2.0.158 02811951 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028119512022-06-30028119512023-06-30028119512022-07-012023-06-30028119512021-06-30028119512021-07-012022-06-30028119512022-06-3002811951ns10:Originalns15:EnglandWales2022-07-012023-06-3002811951ns14:PoundSterlingns10:Original2022-07-012023-06-3002811951ns10:Originalns10:Director12022-07-012023-06-3002811951ns10:Original2022-07-012023-06-3002811951ns10:Original2023-06-3002811951ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3002811951ns10:Originalns10:SmallEntities2022-07-012023-06-3002811951ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-3002811951ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3002811951ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3002811951ns10:Originalns10:AbridgedAccounts2022-07-012023-06-3002811951ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3002811951ns10:Originalns10:OrdinaryShareClass22022-07-012023-06-3002811951ns10:Originalns10:Director22022-07-012023-06-3002811951ns10:Originalns10:Director32022-07-012023-06-3002811951ns10:CompanySecretary1ns10:Original2022-07-012023-06-3002811951ns10:Originalns10:RegisteredOffice2022-07-012023-06-3002811951ns10:Original2022-06-3002811951ns10:Originalns5:CurrentFinancialInstruments2023-06-3002811951ns10:Originalns5:CurrentFinancialInstruments2022-06-3002811951ns10:Originalns5:Non-currentFinancialInstruments2023-06-3002811951ns10:Originalns5:Non-currentFinancialInstruments2022-06-3002811951ns5:ShareCapitalns10:Original2023-06-3002811951ns5:ShareCapitalns10:Original2022-06-3002811951ns10:Originalns5:SharePremium2023-06-3002811951ns10:Originalns5:SharePremium2022-06-3002811951ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3002811951ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3002811951ns10:Originalns5:PlantMachinery2022-07-012023-06-3002811951ns10:Original2021-07-012022-06-3002811951ns10:Original2022-06-3002811951ns5:HirePurchaseContracts2023-06-3002811951ns5:HirePurchaseContracts2022-06-3002811951ns5:Securedns10:Original2023-06-3002811951ns5:Securedns10:Original2022-06-3002811951ns10:Originalns10:OrdinaryShareClass12023-06-3002811951ns10:OrdinaryShareClass12022-07-012023-06-3002811951ns10:OrdinaryShareClass12021-07-012022-06-3002811951ns10:Originalns10:OrdinaryShareClass22023-06-3002811951ns10:OrdinaryShareClass22022-07-012023-06-3002811951ns10:OrdinaryShareClass22021-07-012022-06-3002811951ns10:Original1ns10:Director12022-06-3002811951ns10:Original1ns10:Director12021-06-3002811951ns10:Original1ns10:Director12022-07-012023-06-3002811951ns10:Original1ns10:Director12021-07-012022-06-3002811951ns10:Original1ns10:Director12023-06-3002811951ns10:Original1ns10:Director12022-06-3002811951ns10:Originalns10:Director332022-06-3002811951ns10:Originalns10:Director332021-06-3002811951ns10:Originalns10:Director332022-07-012023-06-3002811951ns10:Originalns10:Director332021-07-012022-06-3002811951ns10:Originalns10:Director332023-06-3002811951ns10:Originalns10:Director332022-06-3002811951ns10:Originalns10:Director222022-06-3002811951ns10:Originalns10:Director222021-06-3002811951ns10:Originalns10:Director222022-07-012023-06-3002811951ns10:Originalns10:Director222021-07-012022-06-3002811951ns10:Originalns10:Director222023-06-3002811951ns10:Originalns10:Director222022-06-30
REGISTERED NUMBER: 02811951 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Risby Homes Limited

Risby Homes Limited (Registered number: 02811951)






Contents of the Financial Statements
for the year ended 30th June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Risby Homes Limited

Company Information
for the year ended 30th June 2023







DIRECTORS: M E Barrett
Mrs S M Barrett
O E Barrett



SECRETARY: S W Lunt



REGISTERED OFFICE: White House Farm
Little Weighton
HU20 3UT



REGISTERED NUMBER: 02811951 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Lloyds Bank Plc
Hull Silver Street
Ariel House
2138 Coventry Road
Sheldon
B26 3JW



SOLICITORS: Gosschalks
Queens Gardens
Hull
HU1 3DZ

Risby Homes Limited (Registered number: 02811951)

Abridged Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 217,370 257,171

CURRENT ASSETS
Stocks 11,057,254 8,633,671
Debtors 119,611 108,349
Cash at bank 369,710 813,047
11,546,575 9,555,067
CREDITORS
Amounts falling due within one year 1,346,570 1,481,858
NET CURRENT ASSETS 10,200,005 8,073,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,417,375

8,330,380

CREDITORS
Amounts falling due after more than one
year

(5,178,367

)

(3,591,636

)

PROVISIONS FOR LIABILITIES (54,343 ) (45,796 )
NET ASSETS 5,184,665 4,692,948

CAPITAL AND RESERVES
Called up share capital 6 50,000 50,000
Share premium 25,000 25,000
Retained earnings 5,109,665 4,617,948
SHAREHOLDERS' FUNDS 5,184,665 4,692,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Risby Homes Limited (Registered number: 02811951)

Abridged Balance Sheet - continued
30th June 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2023 and were signed on its behalf by:





M E Barrett - Director


Risby Homes Limited (Registered number: 02811951)

Notes to the Financial Statements
for the year ended 30th June 2023

1. STATUTORY INFORMATION

Risby 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. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Risby Homes Limited (Registered number: 02811951)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants are recognised using the accruals model. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the assets to which they relate.

A grant that becomes receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the company with no future related costs, is credited to income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2022 386,205
Additions 3,741
Disposals (12,749 )
At 30th June 2023 377,197
DEPRECIATION
At 1st July 2022 129,034
Charge for year 42,926
Eliminated on disposal (12,133 )
At 30th June 2023 159,827
NET BOOK VALUE
At 30th June 2023 217,370
At 30th June 2022 257,171

The net book value of tangible fixed assets includes £ 60,221 (2022 - £ 144,033 ) in respect of assets held under hire purchase contracts.

Risby Homes Limited (Registered number: 02811951)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 53,733 86,472
Other loans 1,317,211 -
1,370,944 86,472

The hire purchase is secured over the assets to which they relate. The loan is secured over land owned by the company.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary A £1.00 25,000 25,000
25,000 Ordinary B £1.00 25,000 25,000
50,000 50,000

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2023 and 30th June 2022:

2023 2022
£    £   
M E Barrett
Balance outstanding at start of year 173,956 202,381
Amounts advanced 101,840 102,022
Amounts repaid (148,463 ) (130,447 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 127,333 173,956

O E Barrett
Balance outstanding at start of year 64,465 -
Amounts advanced 162,482 64,465
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 226,947 64,465

Risby Homes Limited (Registered number: 02811951)

Notes to the Financial Statements - continued
for the year ended 30th June 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs S M Barrett
Balance outstanding at start of year 134,012 -
Amounts advanced - 134,012
Amounts repaid (134,012 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 134,012

8. RELATED PARTY DISCLOSURES

At the balance sheet date, a loan due to A Owen, a related party to the company, had a balance of £240,927 (2022: £79,716).

At the balance sheet date the company had a loan of £3,368,472 (2022: £3,393,722) due to S M Barrett, A Owen and O E Barrett equally. The loan is a long term loan.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Risby Homes Limited

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 Statement of Comprehensive Income 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 Risby Homes Limited for the year ended 30th June 2023 which comprise the Statement of Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity 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 Risby Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Risby Homes Limited and state those matters that we have agreed to state to the Board of Directors of Risby 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 Risby Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Risby 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 profit of Risby Homes Limited. You consider that Risby 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 Risby 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.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


26th September 2023