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Registration number: 13854644

Sturdy Homes Limited

Annual Report and Unaudited Financial Statements

for the Period from 18 January 2022 to 31 January 2023

 

Sturdy Homes Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 6

 

Sturdy Homes Limited

Company Information

Directors

Mr J Grainger

Miss H Luford

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Sturdy Homes Limited
for the Period Ended 31 January 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sturdy Homes Limited for the period ended 31 January 2023 as set out on pages 3 to 6 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
http://www.icaew.com/regulation.

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

It is your duty to ensure that Sturdy Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sturdy Homes Limited. You consider that Sturdy Homes Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Sturdy 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 accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

18 October 2023

 

Sturdy Homes Limited

(Registration number: 13854644)
Balance Sheet as at 31 January 2023

Note

2023
£

Fixed assets

 

Investment property

4

94,066

Current assets

 

Cash at bank and in hand

 

397

Creditors: Amounts falling due within one year

5

(33,542)

Net current liabilities

 

(33,145)

Total assets less current liabilities

 

60,921

Creditors: Amounts falling due after more than one year

5

(65,914)

Net liabilities

 

(4,993)

Capital and reserves

 

Called up share capital

100

Retained earnings

(5,093)

Shareholders' deficit

 

(4,993)

 

Sturdy Homes Limited

(Registration number: 13854644)
Balance Sheet as at 31 January 2023

For the financial period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 18 October 2023 and signed on its behalf by:
 

.........................................

Mr J Grainger

Director

 

Sturdy Homes Limited

Notes to the Unaudited Financial Statements for the Period from 18 January 2022 to 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

These financial statements were authorised for issue by the Board on 18 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

As at the year end, the company's balance sheet shows net current liabilities of £33,145 and an overall deficiency of assets amounting to £4,993. Accordingly, the directors have had to consider the basis upon which the accounts are prepared and determine whether a going concern basis remains appropriate.

The accounts have been prepared on a going concern basis, as the directors continue to provide financial support, when necessary, to the company. The directors have also reviewed the position for twelve months from the date the accounts were approved and in their opinion, the company will reduce the balance sheet deficiency and will show positive results for the next financial period.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Sturdy Homes Limited

Notes to the Unaudited Financial Statements for the Period from 18 January 2022 to 31 January 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2023
£

Additions

94,066

At 31 January 2023

94,066

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

1,075

Accruals and deferred income

 

838

Other creditors

 

31,629

 

33,542

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

65,914