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Registration number: 09330416

The Homebuilding Centre (Holdings) Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

The Homebuilding Centre (Holdings) Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

The Homebuilding Centre (Holdings) Limited

Company Information

Directors

Mr Harvey Fremlin

Mr John Arthur Lewis

Company secretary

Mr John Arthur Lewis

Registered office

1st Floor Offices
2 Whitebridge Lane
Stone
Staffordshire
ST15 8LQ

Accountants

MI Accountancy Solutions Limited
1st Floor Offices
2 Whitebridge Lane
Stone
Staffordshire
ST15 8LQ

 

The Homebuilding Centre (Holdings) Limited

(Registration number: 09330416)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

250,000

250,000

Current assets

 

Debtors

5

103,907

71,097

Prepayments and accrued income

 

1,068

1,068

Creditors: Amounts falling due within one year

(87,291)

(8,909)

Net current assets

 

17,684

63,256

Total assets less current liabilities

 

267,684

313,256

Provisions for liabilities

(640)

(640)

Net assets

 

267,044

312,616

Capital and reserves

 

Called up share capital

6

251,000

251,000

Retained earnings

16,044

61,616

Shareholders' funds

 

267,044

312,616

For the financial year ending 31 March 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 year 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

The Homebuilding Centre (Holdings) Limited

(Registration number: 09330416)
Abridged Balance Sheet as at 31 March 2023

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

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

Mr Harvey Fremlin

Director

 

The Homebuilding Centre (Holdings) Limited

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

1

General information

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

The address of its registered office is:
1st Floor Offices
2 Whitebridge Lane
Stone
Staffordshire
ST15 8LQ

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 abridged 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 abridged 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.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

The Homebuilding Centre (Holdings) Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2022 - 17).

 

The Homebuilding Centre (Holdings) Limited

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

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2022

250,000

250,000

At 31 March 2023

250,000

250,000

Impairment

Carrying amount

At 31 March 2023

250,000

250,000

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £0.01 each

100,000

1,000

100,000

1,000

A Ordinary Shares of £12.50 each

20,000

250,000

20,000

250,000

 

120,000

251,000

120,000

251,000

7

Parent and ultimate parent undertaking

The ultimate controlling party is No single controlling party.