Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mrs C Headon 18/03/2003 Mr N M H Headon 18/03/2003 05 November 2023 The principal activity of the Company during the financial year was that of general construction, civil engineering and property rental. 04700913 2023-03-31 04700913 bus:Director1 2023-03-31 04700913 bus:Director2 2023-03-31 04700913 2022-03-31 04700913 core:CurrentFinancialInstruments 2023-03-31 04700913 core:CurrentFinancialInstruments 2022-03-31 04700913 core:ShareCapital 2023-03-31 04700913 core:ShareCapital 2022-03-31 04700913 core:RetainedEarningsAccumulatedLosses 2023-03-31 04700913 core:RetainedEarningsAccumulatedLosses 2022-03-31 04700913 core:LeaseholdImprovements 2022-03-31 04700913 core:PlantMachinery 2022-03-31 04700913 core:Vehicles 2022-03-31 04700913 core:LeaseholdImprovements 2023-03-31 04700913 core:PlantMachinery 2023-03-31 04700913 core:Vehicles 2023-03-31 04700913 core:CurrentFinancialInstruments 1 2023-03-31 04700913 core:CurrentFinancialInstruments 1 2022-03-31 04700913 bus:OrdinaryShareClass1 2023-03-31 04700913 2022-04-01 2023-03-31 04700913 bus:FullAccounts 2022-04-01 2023-03-31 04700913 bus:SmallEntities 2022-04-01 2023-03-31 04700913 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04700913 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04700913 bus:Director1 2022-04-01 2023-03-31 04700913 bus:Director2 2022-04-01 2023-03-31 04700913 core:LeaseholdImprovements core:TopRangeValue 2022-04-01 2023-03-31 04700913 core:PlantMachinery 2022-04-01 2023-03-31 04700913 core:Vehicles 2022-04-01 2023-03-31 04700913 2021-04-01 2022-03-31 04700913 core:LeaseholdImprovements 2022-04-01 2023-03-31 04700913 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04700913 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04700913 (England and Wales)

H & H PRESTIGE HOMES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

H & H PRESTIGE HOMES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

H & H PRESTIGE HOMES LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
H & H PRESTIGE HOMES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mrs C Headon
Mr N M H Headon
SECRETARY Mrs C Headon
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
BUSINESS ADDRESS Springfield House
Back Lane
Newton Poppleford
EX10 0BX
COMPANY NUMBER 04700913 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
H & H PRESTIGE HOMES LIMITED

BALANCE SHEET

As at 31 March 2023
H & H PRESTIGE HOMES LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 44,041 52,447
Investment property 4 1,462,734 1,462,734
1,506,775 1,515,181
Current assets
Stocks 5 780,862 589,237
Debtors 6 3,923 8,616
Cash at bank and in hand 49,162 269,800
833,947 867,653
Creditors: amounts falling due within one year 7 ( 262,864) ( 286,225)
Net current assets 571,083 581,428
Total assets less current liabilities 2,077,858 2,096,609
Provision for liabilities ( 74,800) ( 76,400)
Net assets 2,003,058 2,020,209
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 2,002,958 2,020,109
Total shareholders' funds 2,003,058 2,020,209

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 financial statements of H & H Prestige Homes Limited (registered number: 04700913) were approved and authorised for issue by the Board of Directors on 05 November 2023. They were signed on its behalf by:

Mr N M H Headon
Director
H & H PRESTIGE HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
H & H PRESTIGE HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

H & H Prestige Homes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Springfield House, Back Lane, Newton Poppleford, EX10 0BX.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover represents the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for goods and services provided. Turnover is recognised on completion.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 15 % reducing balance
Vehicles 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 April 2022 19,408 70,625 35,461 125,494
Additions 0 1,633 0 1,633
Disposals 0 ( 3,183) ( 2,679) ( 5,862)
At 31 March 2023 19,408 69,075 32,782 121,265
Accumulated depreciation
At 01 April 2022 13,587 26,079 33,381 73,047
Charge for the financial year 1,941 6,541 1,040 9,522
Disposals 0 ( 2,666) ( 2,679) ( 5,345)
At 31 March 2023 15,528 29,954 31,742 77,224
Net book value
At 31 March 2023 3,880 39,121 1,040 44,041
At 31 March 2022 5,821 44,546 2,080 52,447

4. Investment property

Investment property
£
Valuation
As at 01 April 2022 1,462,734
As at 31 March 2023 1,462,734

Historic cost

If the investment properties had been accounted for cost accounting rules, the properties would have been measured as follows:

2023 2022
£ £
Historic cost 1,203,367 1,203,367

The investment property valuation as at 31 March 2023 was reviewed by the directors of the Company, no independent valuation has been undertaken for the property at this date.

5. Stocks

2023 2022
£ £
Work in progress 780,862 589,237

6. Debtors

2023 2022
£ £
Prepayments 1,296 1,648
VAT recoverable 124 1,349
Other debtors 2,503 5,619
3,923 8,616

7. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to directors 256,243 256,432
Accruals 2,500 2,200
CIS withheld 4,119 0
Taxation and social security 2 27,593
262,864 286,225

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

Included in reserves are £194,671 (2022:£194,671) non-distributable reserves.