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REGISTERED NUMBER: 07456540 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MASTERS HOMES (HIGHLANDS ROAD) LIMITED

MASTERS HOMES (HIGHLANDS ROAD) LIMITED (REGISTERED NUMBER: 07456540)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MASTERS HOMES (HIGHLANDS ROAD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C Flint
D Bennett
C Donachie





SECRETARY: C Donachie





REGISTERED OFFICE: 2 St Peter Drive
Weasenham
Norfolk
PE32 2FX





REGISTERED NUMBER: 07456540 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ

MASTERS HOMES (HIGHLANDS ROAD) LIMITED (REGISTERED NUMBER: 07456540)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks - 378,504
Debtors 4 - 2,598
Cash at bank 473,282 118,959
473,282 500,061
CREDITORS
Amounts falling due within one year 5 61,657 346,510
NET CURRENT ASSETS 411,625 153,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,625

153,551

PROVISIONS FOR LIABILITIES - 35,000
NET ASSETS 411,625 118,551

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 411,622 118,548
SHAREHOLDERS' FUNDS 411,625 118,551

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MASTERS HOMES (HIGHLANDS ROAD) LIMITED (REGISTERED NUMBER: 07456540)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 21 November 2023 and were signed on its behalf by:




C Donachie - Director D Bennett - Director




C Flint - Director


MASTERS HOMES (HIGHLANDS ROAD) LIMITED (REGISTERED NUMBER: 07456540)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Masters Homes (Highlands Road) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when a property sale has been completed and ownership has been transfered to the buyer.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 2,598

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 341,149
Taxation and social security 57,217 -
Other creditors 4,440 5,361
61,657 346,510