Registered number
12122187
Hudson Family Homes Ltd
Filleted Accounts
31 July 2023
Hudson Family Homes Ltd
Registered number: 12122187
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 354,576 335,511
Current assets
Cash at bank and in hand 1,179 3,191
Creditors: amounts falling due within one year 4 (55,929) (202,136)
Net current liabilities (54,750) (198,945)
Total assets less current liabilities 299,826 136,566
Creditors: amounts falling due after more than one year 5 (243,355) (93,355)
Net assets 56,471 43,211
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 105,293 84,976
Profit and loss account (48,922) (41,865)
Shareholders' funds 56,471 43,211
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Hudson
Director
Approved by the board on 30 October 2023
Hudson Family Homes Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Held at market value
Fixtures & Fittings 20% Straight Line
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2022 329,683 10,088 1,034 340,805
Surplus on revaluation 20,317 - - 20,317
At 31 July 2023 350,000 10,088 1,034 361,122
Depreciation
At 1 August 2022 - 4,923 371 5,294
Charge for the year - 1,033 219 1,252
At 31 July 2023 - 5,956 590 6,546
Net book value
At 31 July 2023 350,000 4,132 444 354,576
At 31 July 2022 329,683 5,165 663 335,511
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 55,929 202,136
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 243,355 93,355
6 Revaluation reserve 2023 2022
£ £
At 1 August 2022 84,976 -
Gain on revaluation of land and buildings 20,317 84,976
At 31 July 2023 105,293 84,976
7 Other information
Hudson Family Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
117 Mackenzie House
Chadwick Street
Leeds
LS10 1PT
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