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Registration number: 13820013

Yorkshire Choice Homes Construction Limited

Unaudited Financial Statements

for the Period from 29 December 2021 to 31 March 2023

 

Yorkshire Choice Homes Construction Limited

Contents

Balance Sheet

1 to 2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 7

 

Yorkshire Choice Homes Construction Limited

(Registration number: 13820013)
Balance Sheet as at 31 March 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

408,565

Current assets

 

Stocks

160

Debtors

5

979,411

Cash at bank and in hand

 

26,219

 

1,005,790

Creditors: Amounts falling due within one year

6

(304,687)

Net current assets

 

701,103

Total assets less current liabilities

 

1,109,668

Creditors: Amounts falling due after more than one year

6

(1,015,733)

Net assets

 

93,935

Capital and reserves

 

Called up share capital

1

Retained earnings

93,934

Shareholders' funds

 

93,935

For the financial period ending 31 March 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.

 

Yorkshire Choice Homes Construction Limited

(Registration number: 13820013)
Balance Sheet as at 31 March 2023

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 20 November 2023 and signed on its behalf by:
 

.........................................
Mr J C Begg
Director

 

Yorkshire Choice Homes Construction Limited

Statement of Changes in Equity for the Period from 29 December 2021 to 31 March 2023

Share capital
£

Retained earnings
£

Total
£

Profit for the period

-

93,934

93,934

New share capital subscribed

1

-

1

At 31 March 2023

1

93,934

93,935

 

Yorkshire Choice Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 29 December 2021 to 31 March 2023

1

General information

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

The address of its registered office is:
Unit 3 Birchwood One Business Park Dewhurst Road
Birchwood
Warrington
WA3 7GB
England

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.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

 

Yorkshire Choice Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 29 December 2021 to 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

Various rates

Motor Vehicles

20% Reducing balance

Plant and Machinery

33% Straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 12.

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

P&M
£

Total
£

Cost or valuation

Additions

24,729

86,949

353,294

464,972

At 31 March 2023

24,729

86,949

353,294

464,972

Depreciation

Charge for the period

4,527

12,204

39,676

56,407

At 31 March 2023

4,527

12,204

39,676

56,407

Carrying amount

At 31 March 2023

20,202

74,745

313,618

408,565

5

Debtors

Current

2023
£

Prepayments

1,736

Other debtors

977,675

979,411

 

Yorkshire Choice Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 29 December 2021 to 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

 

Loans and borrowings

83,669

Trade creditors

 

64,766

Amounts owed to group undertakings

80,000

Taxation and social security

 

15,073

Accruals and deferred income

 

54,667

Other creditors

 

6,512

 

304,687

2023
£

Current loans and borrowings

HP and finance lease liabilities

83,669

Creditors: amounts falling due after more than one year

2023
£

Due after one year

 

Loans and borrowings

237,494

Amounts owed to group undertakings

 

778,239

 

1,015,733

 

Yorkshire Choice Homes Construction Limited

Notes to the Unaudited Financial Statements for the Period from 29 December 2021 to 31 March 2023

7

Parent and ultimate parent undertaking

The immediate parent company is Yorkshire Choice Homes Limited. The share capital of Yorkshire Choice Limited is owned jointly by Salboy Partnerships Limited, J Begg Limited and D Begg Limited. In the opinion of the directors there is no ultimate controlling party.

Salboy Partnerships is a company incorporated in England and Wales, company number 13626842, registered office 3 Birchwood One Business Park, Dewhurst Road, Birchwood, Warrington, WA3 7PQ.

J Begg Holdings Limited is a company incorporated in England and Wales, company number 12035253, registered office Unit 7 Courtyard 31, Pontefract Road, Normanton, United Kingdom, WF6 1JU

D Begg Holdings Limited is a company incorporated in England and Wales, company number 12035224, registered office Unit 7 Courtyard 31, Pontefract Road, Normanton, United Kingdom, WF6 1JU