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Registration number: 13915076

Roddy New Homes Construction Limited

Unaudited Financial Statements

for the Period from 14 February 2022 to 31 March 2023

 

Roddy New Homes Construction Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Roddy New Homes Construction Limited

(Registration number: 13915076)
Balance Sheet as at 31 March 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

198,716

Current assets

 

Debtors

5

788,031

Cash at bank and in hand

 

2,285

 

790,316

Creditors: Amounts falling due within one year

6

(265,722)

Net current assets

 

524,594

Total assets less current liabilities

 

723,310

Creditors: Amounts falling due after more than one year

6

(662,429)

Provisions for liabilities

(37,756)

Net assets

 

23,125

Capital and reserves

 

Called up share capital

1

Profit and loss account

23,124

Shareholders' funds

 

23,125

For the financial period 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 period 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 and Directors' Report has been taken.

 

Roddy New Homes Construction Limited

(Registration number: 13915076)
Balance Sheet as at 31 March 2023

Approved and authorised by the Board on 14 November 2023 and signed on its behalf by:
 

.........................................
Mr J J Roddy
Director

 

Roddy New Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 14 February 2022 to 31 March 2023

1

General information

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

The address of its registered office is:
Unit 3 Birchwood One Business Park Dewhurst Road
Birchwood
Warrington
WA3 7GB
England

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Roddy New Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 14 February 2022 to 31 March 2023

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

Various rates

Plant and machinery

20% Reducing balance

Motor vehicles

20% Reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Roddy New Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 14 February 2022 to 31 March 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

Additions

6,494

51,763

149,600

207,857

At 31 March 2023

6,494

51,763

149,600

207,857

Depreciation

Charge for the period

728

3,451

4,962

9,141

At 31 March 2023

728

3,451

4,962

9,141

Carrying amount

At 31 March 2023

5,766

48,312

144,638

198,716

5

Debtors

2023
£

Prepayments

22,101

Other debtors

765,930

788,031

 

Roddy New Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 14 February 2022 to 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

37,707

Trade creditors

 

133,456

Taxation and social security

 

27,117

Accruals and deferred income

 

58,962

Other creditors

 

8,480

 

265,722

2023
£

Current loans and borrowings

HP and finance lease liabilities

37,707

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

120,334

Owed to group undertakings

 

542,095

 

662,429

 

Roddy New Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 14 February 2022 to 31 March 2023

7

Parent and ultimate parent undertaking

The immediate parent company is Roddy New Homes Limited. The share capital of Roddy New Homes Limited is owned equally by Salboy Partnerships Limited and Redrock Hudson Limited. There is no ultimate controlling party.

Salboy Partnerships Limited is a company incorporated in England and Wales, company number 13626842, registered office 3 Birchwood One Business Park, Dewhurst Road, Birchwood, Warrington, WA3 7PQ.

Redrock Hudson Ltd is a company incorporated in England and Wales, company number 13785389, registered office 27 Gloucester Street, London, England, WC1N 3AX.