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REGISTERED NUMBER: 05325970 (England and Wales)














Financial Statements

for the Year Ended 31 January 2023

for

SUMMERHILL HOMES LIMITED

SUMMERHILL HOMES LIMITED (REGISTERED NUMBER: 05325970)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUMMERHILL HOMES LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTOR: C Hurst





SECRETARY: Swanarrow Limited





REGISTERED OFFICE: 1 Brook Court
Blankeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 05325970 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

SUMMERHILL HOMES LIMITED (REGISTERED NUMBER: 05325970)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,435 7,202

CURRENT ASSETS
Debtors 5 527 618
Cash at bank and in hand 62,049 69,043
62,576 69,661
CREDITORS
Amounts falling due within one year 6 21,485 12,584
NET CURRENT ASSETS 41,091 57,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,526

64,279

CREDITORS
Amounts falling due after more than one
year

7

(30,964

)

(41,730

)

PROVISIONS FOR LIABILITIES (1,018 ) (1,351 )
NET ASSETS 14,544 21,198

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,542 21,196
SHAREHOLDERS' FUNDS 14,544 21,198

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

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

The director acknowledges his 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.

SUMMERHILL HOMES LIMITED (REGISTERED NUMBER: 05325970)

Balance Sheet - continued
31 January 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 May 2023 and were signed by:





C Hurst - Director


SUMMERHILL HOMES LIMITED (REGISTERED NUMBER: 05325970)

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

1. STATUTORY INFORMATION

Summerhill 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

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

SUMMERHILL HOMES LIMITED (REGISTERED NUMBER: 05325970)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 5,951 11,510 2,600 20,061
Additions 120 - - 120
At 31 January 2023 6,071 11,510 2,600 20,181
DEPRECIATION
At 1 February 2022 3,757 7,063 2,039 12,859
Charge for year 590 1,112 185 1,887
At 31 January 2023 4,347 8,175 2,224 14,746
NET BOOK VALUE
At 31 January 2023 1,724 3,335 376 5,435
At 31 January 2022 2,194 4,447 561 7,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 527 618

All debtors are payable within one year and have therefore not been discounted.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts (see note 8) 10,648 8,270
Trade creditors 479 600
Taxation and social security 2,386 2,198
Other creditors 7,972 1,516
21,485 12,584

All creditors are payable within one year and have therefore not been discounted.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 8) 30,964 41,730

SUMMERHILL HOMES LIMITED (REGISTERED NUMBER: 05325970)

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

8. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,648 8,270

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 9,924

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,316 31,806