Arbora Homes (Gosfield) Limited 13955089 false 2022-03-04 2023-04-30 2023-04-30 The principal activity of the company is development of building projects Digita Accounts Production Advanced 6.30.9574.0 true false true 13955089 2022-03-04 2023-04-30 13955089 2023-04-30 13955089 core:CurrentFinancialInstruments 2023-04-30 13955089 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13955089 bus:SmallEntities 2022-03-04 2023-04-30 13955089 bus:AuditExemptWithAccountantsReport 2022-03-04 2023-04-30 13955089 bus:FullAccounts 2022-03-04 2023-04-30 13955089 bus:SmallCompaniesRegimeForAccounts 2022-03-04 2023-04-30 13955089 bus:RegisteredOffice 2022-03-04 2023-04-30 13955089 bus:Director3 2022-03-04 2023-04-30 13955089 bus:PrivateLimitedCompanyLtd 2022-03-04 2023-04-30 13955089 1 2022-03-04 2023-04-30 13955089 countries:England 2022-03-04 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 13955089

Arbora Homes (Gosfield) Limited

Annual Report and Unaudited Financial Statements

for the Period from 4 March 2022 to 30 April 2023

 

Arbora Homes (Gosfield) Limited
(Registration number: 13955089)

Balance Sheet as at 30 April 2023

Note

2023
£

Current assets

 

Stocks

4

5,519,859

Debtors

5

47,229

 

5,567,088

Creditors: Amounts falling due within one year

6

(5,566,988)

Net assets

 

100

Capital and reserves

 

Called up share capital

100

Shareholders' funds

 

100

For the financial period ending 30 April 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2023 and signed on its behalf by:
 

.........................................
M Reeves
Director

 

Arbora Homes (Gosfield) Limited
(Registration number: 13955089)

Notes to the Unaudited Financial Statements for the Period from 4 March 2022 to 30 April 2023

1

General information

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

The address of its registered office is:
1 & 2 Tollgate Business Park
Tollgate West
Stanway
Colchester
Essex
CO3 8AB

These financial statements were authorised for issue by the Board on 17 November 2023.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Arbora Homes (Gosfield) Limited
(Registration number: 13955089)

Notes to the Unaudited Financial Statements for the Period from 4 March 2022 to 30 April 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

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

4

Stocks

2023
£

Work in progress

5,519,859

5

Debtors

Current

2023
£

Other debtors

47,229

 

Arbora Homes (Gosfield) Limited
(Registration number: 13955089)

Notes to the Unaudited Financial Statements for the Period from 4 March 2022 to 30 April 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

7

4,373,499

Amounts owed to group undertakings and undertakings in which the company has a participating interest

969,382

Accruals and deferred income

 

224,107

 

5,566,988

7

Loans and borrowings

2023
£

Current loans and borrowings

Bank borrowings

4,373,499

8

Parent and ultimate parent undertaking

The company's immediate parent is Arbora Homes Limited, incorporated in England.

 The ultimate parent is Westwood Projects Holdings Limited, incorporated in England.

 

The parent of the smallest group in which these financial statements are consolidated is Westwood Projects Holdings Limited, incorporated in England.

The address of Westwood Projects Holdings Limited is:
1 & 2 Tollgate Business Park, Tollgate West, Stanway, Colchester, Essex, CO3 8AB