IRIS Accounts Production v23.3.1.45 03933387 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039333872022-02-28039333872023-02-28039333872022-03-012023-02-28039333872021-02-28039333872021-03-012022-02-28039333872022-02-2803933387ns10:Originalns15:EnglandWales2022-03-012023-02-2803933387ns14:PoundSterlingns10:Original2022-03-012023-02-2803933387ns10:Originalns10:Director12022-03-012023-02-2803933387ns10:Original2022-03-012023-02-2803933387ns10:Original2023-02-2803933387ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2803933387ns10:Originalns10:SmallEntities2022-03-012023-02-2803933387ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2803933387ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2803933387ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2803933387ns10:Originalns10:FullAccounts2022-03-012023-02-2803933387ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2803933387ns10:Originalns10:Director22022-03-012023-02-2803933387ns10:Originalns10:RegisteredOffice2022-03-012023-02-2803933387ns10:Original2022-02-2803933387ns10:Originalns5:CurrentFinancialInstruments2023-02-2803933387ns10:Originalns5:CurrentFinancialInstruments2022-02-2803933387ns10:Originalns5:Non-currentFinancialInstruments2023-02-2803933387ns10:Originalns5:Non-currentFinancialInstruments2022-02-2803933387ns5:ShareCapitalns10:Original2023-02-2803933387ns5:ShareCapitalns10:Original2022-02-2803933387ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2803933387ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2803933387ns10:Originalns5:PlantMachinery2022-03-012023-02-2803933387ns10:Original2021-03-012022-02-2803933387ns10:Originalns5:PlantMachinery2022-02-2803933387ns10:Originalns5:PlantMachinery2023-02-2803933387ns10:Originalns5:PlantMachinery2022-02-2803933387ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2803933387ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2803933387ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2803933387ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-02-2803933387ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2803933387ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-02-2803933387ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2803933387ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-02-2803933387ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 03933387 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

CONNECT HOMES LIMITED

CONNECT HOMES LIMITED (REGISTERED NUMBER: 03933387)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONNECT HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr Tony Philippou
Mrs Olga Philippou





REGISTERED OFFICE: 468 Green Lanes
Palmers Green
London
N13 5PA





REGISTERED NUMBER: 03933387 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ

CONNECT HOMES LIMITED (REGISTERED NUMBER: 03933387)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 328 437

CURRENT ASSETS
Debtors 5 143,207 119,257
Cash at bank and in hand 22,814 26,807
166,021 146,064
CREDITORS
Amounts falling due within one year 6 89,631 53,803
NET CURRENT ASSETS 76,390 92,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,718

92,698

CREDITORS
Amounts falling due after more than one
year

7

33,007

42,645
NET ASSETS 43,711 50,053

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 43,709 50,051
SHAREHOLDERS' FUNDS 43,711 50,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

CONNECT HOMES LIMITED (REGISTERED NUMBER: 03933387)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





Mr Tony Philippou - Director


CONNECT HOMES LIMITED (REGISTERED NUMBER: 03933387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Connect Homes Limited 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 represents net invoiced fees and services receivable.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Government grants
Government grants represents income received in the form of Job Retention Scheme (JRS) and small business grant fund(SBGF) received from the Government during the COVID-19 pandemic. The Government grant also represents the first year of interest for the company on the Bounce Back Loan (BBL), it received during the year.
The grants are recognised on the accruals basis in the same period as the expenditure that it is expected to compensate for.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CONNECT HOMES LIMITED (REGISTERED NUMBER: 03933387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2022
and 28 February 2023 4,617
DEPRECIATION
At 1 March 2022 4,180
Charge for year 109
At 28 February 2023 4,289
NET BOOK VALUE
At 28 February 2023 328
At 28 February 2022 437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 30,019 5,019
Amount due from related companies 113,188 113,188
Prepayments - 1,050
143,207 119,257

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Landlords rent and deposits payable control 5,909 8,234
Tax 5,986 4,399
Social security and other taxes 775 -
Amount owed to related companies 71,583 39,190
Directors' current accounts 249 -
Accrued expenses 5,129 1,980
89,631 53,803

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 7,500 7,500
Bank loans - 2-5 years 25,507 30,000
Bank loans more 5 yr by instal - 5,145
33,007 42,645

CONNECT HOMES LIMITED (REGISTERED NUMBER: 03933387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28.2.23 28.2.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,145

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

9. ULTIMATE CONTROLLING PARTY

The controlling party is the director and members of his close family.