Company Registration No. 09431168 (England and Wales)
New Homes Place Limited
Unaudited accounts
for the year ended 28 February 2023
New Homes Place Limited
Unaudited accounts
Contents
New Homes Place Limited
Company Information
for the year ended 28 February 2023
Company Number
09431168 (England and Wales)
Registered Office
WOODBURY COMMONWOOD
HOLT
WREXHAM
LL13 9JB
WALES
New Homes Place Limited
Statement of financial position
as at 28 February 2023
Tangible assets
13,090
18,674
Cash at bank and in hand
102
4,190
Creditors: amounts falling due within one year
(101,143)
(112,170)
Net current assets
258,701
298,845
Total assets less current liabilities
271,791
317,519
Creditors: amounts falling due after more than one year
(185,188)
(209,933)
Called up share capital
100
100
Profit and loss account
86,503
107,486
Shareholders' funds
86,603
107,586
For the year ending 28 February 2023 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 her 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 8 November 2023 and were signed on its behalf by
Sarah Clutton
Director
Company Registration No. 09431168
New Homes Place Limited
Notes to the Accounts
for the year ended 28 February 2023
New Homes Place Limited is a private company, limited by shares, registered in England and Wales, registration number 09431168. The registered office is WOODBURY COMMONWOOD, HOLT, WREXHAM, LL13 9JB, WALES.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20 % Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 March 2022
16,206
562
8,133
11,916
7,403
44,220
At 28 February 2023
16,206
936
8,133
11,916
7,403
44,594
At 1 March 2022
4,824
323
3,558
10,802
6,039
25,546
Charge for the year
2,276
60
1,144
1,114
1,364
5,958
At 28 February 2023
7,100
383
4,702
11,916
7,403
31,504
At 28 February 2023
9,106
553
3,431
-
-
13,090
At 28 February 2022
11,382
239
4,575
1,114
1,364
18,674
New Homes Place Limited
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
58,901
32,358
Accrued income and prepayments
-
4,375
Other debtors
300,841
368,470
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
1,622
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
65,812
75,675
Taxes and social security
3,411
8,497
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
105,848
130,593
Loans from directors
79,340
79,340
8
Average number of employees
During the year the average number of employees was 11 (2022: 11).