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REGISTERED NUMBER: 05370792 (England and Wales)















Anchor Homes Ltd

Unaudited Financial Statements for the Year Ended 5 April 2023






Anchor Homes Ltd (Registered number: 05370792)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Anchor Homes Ltd

Company Information
for the Year Ended 5 April 2023







Director: R Dazeley





Secretary: Mrs D R Dazeley





Registered office: The Union Building
51-59 Rose Lane
Norwich
Norfolk
NR1 1BY





Registered number: 05370792 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Anchor Homes Ltd (Registered number: 05370792)

Statement of Financial Position
5 April 2023

5/4/23 5/4/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 16,463 21,462

Current assets
Stocks 35,000 35,000
Debtors 5 2,915 233,109
Cash at bank 809,394 650,059
847,309 918,168
Creditors
Amounts falling due within one year 6 42,632 62,306
Net current assets 804,677 855,862
Total assets less current liabilities 821,140 877,324

Provisions for liabilities 3,057 4,077
Net assets 818,083 873,247

Capital and reserves
Called up share capital 100 100
Retained earnings 817,983 873,147
Shareholders' funds 818,083 873,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 Income Statement has not been delivered.

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




R Dazeley - Director


Anchor Homes Ltd (Registered number: 05370792)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. Statutory information

Anchor Homes Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Office Equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Anchor Homes Ltd (Registered number: 05370792)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

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

4. Tangible fixed assets
Office Motor
Equipment vehicles Totals
£    £    £   
Cost
At 6 April 2022 8,706 28,325 37,031
Additions - 490 490
At 5 April 2023 8,706 28,815 37,521
Depreciation
At 6 April 2022 6,753 8,816 15,569
Charge for year 489 5,000 5,489
At 5 April 2023 7,242 13,816 21,058
Net book value
At 5 April 2023 1,464 14,999 16,463
At 5 April 2022 1,953 19,509 21,462

5. Debtors: amounts falling due within one year
5/4/23 5/4/22
£    £   
Trade debtors - 183,438
Other debtors 2,915 49,671
2,915 233,109

6. Creditors: amounts falling due within one year
5/4/23 5/4/22
£    £   
Trade creditors 146 29
Taxation and social security 84 156
Other creditors 42,402 62,121
42,632 62,306