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Company Registration No. 12644635 (England and Wales)
Clarus Homes (Chartham) Limited Unaudited accounts for the year ended 31 December 2022
Clarus Homes (Chartham) Limited Unaudited accounts Contents
Page
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Clarus Homes (Chartham) Limited Company Information for the year ended 31 December 2022
Director
Mr C Dickens
Company Number
12644635 (England and Wales)
Registered Office
Suite 5 & 6 The Thorne Business Park Bethersden, Ashford Kent TN26 3AF England
Accountants
Southern Accounting Limited 24 Halden Field Rolvenden Cranbrook Kent TN17 4BX
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Clarus Homes (Chartham) Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Inventories
1,551,612 
154,293 
Debtors
186,204 
96 
Cash at bank and in hand
50,033 
- 
1,787,849 
154,389 
Creditors: amounts falling due within one year
(1,787,848)
(503)
Net current assets
1 
153,886 
Total assets less current liabilities
1 
153,886 
Creditors: amounts falling due after more than one year
- 
(154,290)
Net assets/(liabilities)
1 
(404)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
- 
(405)
Shareholders' funds
1 
(404)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2023 and were signed on its behalf by
Mr C Dickens Director Company Registration No. 12644635
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Clarus Homes (Chartham) Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Clarus Homes (Chartham) Limited is a private company, limited by shares, registered in England and Wales, registration number 12644635. The registered office is Suite 5 & 6, The Thorne Business Park, Bethersden, Ashford, Kent, TN26 3AF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventory is comprised of work in progress. Work in progress is made up of the cost of the land being built on, direct materials, labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Inventories are stated at the lower of cost and net realisable value (NRV), NRV being the estimated net selling price less costs to sell and estimated total costs of completion based on management's forecast.
Revenue Recognition
Revenue is recognised in the income statement when the significant risks and rewards of ownership have transferred to the purchaser, which is when legal title is transferred.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
4,725 
- 
Trade debtors
6,758 
- 
Amounts due from group undertakings etc.
174,721 
96 
186,204 
96 
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Clarus Homes (Chartham) Limited Notes to the Accounts for the year ended 31 December 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
819,087 
- 
Trade creditors
166,284 
3 
Taxes and social security
26,201 
- 
Other creditors
680,852 
- 
Accruals
35,724 
500 
Deferred income
59,700 
- 
1,787,848 
503 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Other creditors
- 
154,290 
7
Controlling party
Clarus Solutions Limited Suite 5&6, The Thorne Business Park, Bethersden, Ashford, Kent. TN26 3AF
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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