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REGISTERED NUMBER: 07261140 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Archway Homes Ltd

Archway Homes Ltd (Registered number: 07261140)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Archway Homes Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: P L Pedley OBE
A V Pedley
J Hill
L Carlisle





SECRETARY: C R Cooper





REGISTERED OFFICE: The East Barn Hollowmoor Heath
Great Barrow
Chester
Cheshire
CH3 7LF





REGISTERED NUMBER: 07261140 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Archway Homes Ltd (Registered number: 07261140)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,069 108,970

CURRENT ASSETS
Stocks 4,942,837 4,022,092
Debtors 5 35,149 44,081
Cash at bank 314,384 381,393
5,292,370 4,447,566
CREDITORS
Amounts falling due within one year 6 4,964,876 4,013,596
NET CURRENT ASSETS 327,494 433,970
TOTAL ASSETS LESS CURRENT LIABILITIES 406,563 542,940

PROVISIONS FOR LIABILITIES 19,145 20,201
NET ASSETS 387,418 522,739

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 375,418 510,739
SHAREHOLDERS' FUNDS 387,418 522,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





P L Pedley OBE - Director


Archway Homes Ltd (Registered number: 07261140)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Archway 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.

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 from housing sales is recognised when transactions have legally completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost

Tangible fixed assets are included at cost less accumulated depreciation.

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 14 (2022 - 16 ) .

Archway Homes Ltd (Registered number: 07261140)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 55,534 106,880 162,414
Additions 2,699 - 2,699
At 31 May 2023 58,233 106,880 165,113
DEPRECIATION
At 1 June 2022 33,071 20,373 53,444
Charge for year 5,880 26,720 32,600
At 31 May 2023 38,951 47,093 86,044
NET BOOK VALUE
At 31 May 2023 19,282 59,787 79,069
At 31 May 2022 22,463 86,507 108,970

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 35,149 44,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 193,514 200,595
Amounts owed to group undertakings 4,425,000 3,550,000
Taxation and social security 116,377 131,269
Other creditors 229,985 131,732
4,964,876 4,013,596

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Owed to group undertaking 4,425,000 3,550,000

8. RELATED PARTY DISCLOSURES

Other creditors also includes an amount of £4,425,000 (2022 £3,550,000) owed to Archway Holdings Ltd. This loan is secured with a fixed and floating charge on the company's assets, and is repayable on demand. Interest was charged in the year of £151,938 (2022 £123,733).

Dividends of £500,000 (2022 £450,000) were paid to the company's parent company, Archway Holdings Ltd during the year.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Archway Holdings Ltd, a company incorporated in England and Wales.

The company is controlled by P L and A Pedley, the directors of the company, together with members of their close family by virtue of owning the majority of the issued share capital of Archway Holdings Ltd.