2022-06-012023-05-312023-05-31false12455274LANE HOMES (SHERBRO) LTD2023-11-1541100iso4217:GBPxbrli:pure124552742022-06-01124552742023-05-31124552742022-06-012023-05-31124552742021-06-01124552742022-05-31124552742021-06-012022-05-3112455274bus:SmallEntities2022-06-012023-05-3112455274bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3112455274bus:FullAccounts2022-06-012023-05-3112455274bus:PrivateLimitedCompanyLtd2022-06-012023-05-3112455274core:WithinOneYear2023-05-3112455274core:AfterOneYear2023-05-3112455274core:WithinOneYear2022-05-3112455274core:AfterOneYear2022-05-3112455274core:ShareCapital2023-05-3112455274core:SharePremium2023-05-3112455274core:RevaluationReserve2023-05-3112455274core:OtherReservesSubtotal2023-05-3112455274core:RetainedEarningsAccumulatedLosses2023-05-3112455274core:ShareCapital2022-05-3112455274core:SharePremium2022-05-3112455274core:RevaluationReserve2022-05-3112455274core:OtherReservesSubtotal2022-05-3112455274core:RetainedEarningsAccumulatedLosses2022-05-3112455274core:LandBuildings2023-05-3112455274core:PlantMachinery2023-05-3112455274core:Vehicles2023-05-3112455274core:FurnitureFittings2023-05-3112455274core:OfficeEquipment2023-05-3112455274core:NetGoodwill2023-05-3112455274core:IntangibleAssetsOtherThanGoodwill2023-05-3112455274core:ListedExchangeTraded2023-05-3112455274core:UnlistedNon-exchangeTraded2023-05-3112455274core:LandBuildings2022-05-3112455274core:PlantMachinery2022-05-3112455274core:Vehicles2022-05-3112455274core:FurnitureFittings2022-05-3112455274core:OfficeEquipment2022-05-3112455274core:NetGoodwill2022-05-3112455274core:IntangibleAssetsOtherThanGoodwill2022-05-3112455274core:ListedExchangeTraded2022-05-3112455274core:UnlistedNon-exchangeTraded2022-05-3112455274core:LandBuildings2022-06-012023-05-3112455274core:PlantMachinery2022-06-012023-05-3112455274core:Vehicles2022-06-012023-05-3112455274core:FurnitureFittings2022-06-012023-05-3112455274core:OfficeEquipment2022-06-012023-05-3112455274core:NetGoodwill2022-06-012023-05-3112455274core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112455274core:ListedExchangeTraded2022-06-012023-05-3112455274core:UnlistedNon-exchangeTraded2022-06-012023-05-3112455274core:MoreThanFiveYears2022-06-012023-05-3112455274core:Non-currentFinancialInstruments2023-05-3112455274core:Non-currentFinancialInstruments2022-05-3112455274dpl:CostSales2022-06-012023-05-3112455274dpl:DistributionCosts2022-06-012023-05-3112455274core:LandBuildings2022-06-012023-05-3112455274core:PlantMachinery2022-06-012023-05-3112455274core:Vehicles2022-06-012023-05-3112455274core:FurnitureFittings2022-06-012023-05-3112455274core:OfficeEquipment2022-06-012023-05-3112455274dpl:AdministrativeExpenses2022-06-012023-05-3112455274core:NetGoodwill2022-06-012023-05-3112455274core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112455274dpl:GroupUndertakings2022-06-012023-05-3112455274dpl:ParticipatingInterests2022-06-012023-05-3112455274dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3112455274core:ListedExchangeTraded2022-06-012023-05-3112455274dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3112455274core:UnlistedNon-exchangeTraded2022-06-012023-05-3112455274dpl:CostSales2021-06-012022-05-3112455274dpl:DistributionCosts2021-06-012022-05-3112455274core:LandBuildings2021-06-012022-05-3112455274core:PlantMachinery2021-06-012022-05-3112455274core:Vehicles2021-06-012022-05-3112455274core:FurnitureFittings2021-06-012022-05-3112455274core:OfficeEquipment2021-06-012022-05-3112455274dpl:AdministrativeExpenses2021-06-012022-05-3112455274core:NetGoodwill2021-06-012022-05-3112455274core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3112455274dpl:GroupUndertakings2021-06-012022-05-3112455274dpl:ParticipatingInterests2021-06-012022-05-3112455274dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3112455274core:ListedExchangeTraded2021-06-012022-05-3112455274dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3112455274core:UnlistedNon-exchangeTraded2021-06-012022-05-3112455274core:NetGoodwill2023-05-3112455274core:IntangibleAssetsOtherThanGoodwill2023-05-3112455274core:LandBuildings2023-05-3112455274core:PlantMachinery2023-05-3112455274core:Vehicles2023-05-3112455274core:FurnitureFittings2023-05-3112455274core:OfficeEquipment2023-05-3112455274core:AfterOneYear2023-05-3112455274core:WithinOneYear2023-05-3112455274core:ListedExchangeTraded2023-05-3112455274core:UnlistedNon-exchangeTraded2023-05-3112455274core:ShareCapital2023-05-3112455274core:SharePremium2023-05-3112455274core:RevaluationReserve2023-05-3112455274core:OtherReservesSubtotal2023-05-3112455274core:RetainedEarningsAccumulatedLosses2023-05-3112455274core:NetGoodwill2022-05-3112455274core:IntangibleAssetsOtherThanGoodwill2022-05-3112455274core:LandBuildings2022-05-3112455274core:PlantMachinery2022-05-3112455274core:Vehicles2022-05-3112455274core:FurnitureFittings2022-05-3112455274core:OfficeEquipment2022-05-3112455274core:AfterOneYear2022-05-3112455274core:WithinOneYear2022-05-3112455274core:ListedExc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LANE HOMES (SHERBRO) LTD

Registered Number
12455274
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

LANE HOMES (SHERBRO) LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Directors

DAW, Thomas Benjamin
LANE, Anthony Thomas
LANE, Daniel Anthony

Registered Address

2 Colchester Road
St. Osyth
Clacton-On-Sea
CO16 8HA

Registered Number

12455274 (England and Wales)
LANE HOMES (SHERBRO) LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5640,198640,198
640,198640,198
Current assets
Stocks61,070,642192,628
Debtors76,28915,258
Cash at bank and on hand48,384110
1,125,315207,996
Creditors amounts falling due within one year8(1,765,511)(848,192)
Net current assets (liabilities)(640,196)(640,196)
Total assets less current liabilities22
Net assets22
Capital and reserves
Called up share capital22
Shareholders' funds22
The financial statements were approved and authorised for issue by the Board of Directors on 15 November 2023, and are signed on its behalf by:
LANE, Daniel Anthony
Director
Registered Company No. 12455274
LANE HOMES (SHERBRO) LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Land & buildings

Total

££
Cost or valuation
At 01 June 22640,198640,198
At 31 May 23640,198640,198
Net book value
At 31 May 23640,198640,198
At 31 May 22640,198640,198
6.Stocks

2023

2022

££
Work in progress1,070,642192,628
Total1,070,642192,628
7.Debtors

2023

2022

££
Other debtors6,28915,258
Total6,28915,258
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables49,42136,818
Bank borrowings and overdrafts1,318,724598,431
Other creditors397,366212,943
Total1,765,511848,192
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year