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REGISTERED NUMBER: 09374256 (England and Wales)















DELVIN HOMES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






DELVIN HOMES LIMITED (REGISTERED NUMBER: 09374256)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

DELVIN HOMES LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S F Hughes
D M Hughes





REGISTERED OFFICE: Home Farm House
Farm Road
Burnhill Green
Wolverhampton
West Midlands
WV6 7HX





REGISTERED NUMBER: 09374256 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

DELVIN HOMES LIMITED (REGISTERED NUMBER: 09374256)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,410 5,130

CURRENT ASSETS
Stocks 44,500 21,000
Debtors 5 6,805 88,303
Cash at bank 141,085 144,221
192,390 253,524
CREDITORS
Amounts falling due within one year 6 47,742 19,065
NET CURRENT ASSETS 144,648 234,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,058

239,589

CREDITORS
Amounts falling due after more than one
year

7

(65,484

)

(31,667

)

PROVISIONS FOR LIABILITIES - (1,283 )
NET ASSETS 128,574 206,639

CAPITAL AND RESERVES
Called up share capital 8 300 300
Share premium 39,960 39,960
Retained earnings 88,314 166,379
SHAREHOLDERS' FUNDS 128,574 206,639

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.

DELVIN HOMES LIMITED (REGISTERED NUMBER: 09374256)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:





S F Hughes - Director


DELVIN HOMES LIMITED (REGISTERED NUMBER: 09374256)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Delvin 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.

The presentational currency is £ sterling.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes
recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

DELVIN HOMES LIMITED (REGISTERED NUMBER: 09374256)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Jointly controlled operations
Investments in jointly controlled operations are recognised at cost, adjusted to reflect any profit/loss attributable to the jointly controlled operation arising in the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 8,887 - 1,014 9,901
Additions 2,579 61,203 - 63,782
Disposals (5,208 ) - - (5,208 )
At 31 March 2023 6,258 61,203 1,014 68,475
DEPRECIATION
At 1 April 2022 4,010 - 761 4,771
Charge for year 1,180 15,301 252 16,733
Eliminated on disposal (2,439 ) - - (2,439 )
At 31 March 2023 2,751 15,301 1,013 19,065
NET BOOK VALUE
At 31 March 2023 3,507 45,902 1 49,410
At 31 March 2022 4,877 - 253 5,130

DELVIN HOMES LIMITED (REGISTERED NUMBER: 09374256)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 61,203
At 31 March 2023 61,203
DEPRECIATION
Charge for year 15,301
At 31 March 2023 15,301
NET BOOK VALUE
At 31 March 2023 45,902

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 46,144
Other debtors 6,805 42,159
6,805 88,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,908 -
Trade creditors 21,338 -
Taxation and social security 9,100 5,815
Other creditors 1,396 3,250
47,742 19,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 21,667 31,667
Hire purchase contracts 43,817 -
65,484 31,667

DELVIN HOMES LIMITED (REGISTERED NUMBER: 09374256)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
300 Ordinary Shares £1 300 300

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was owed £3,429 by the directors as at 31 March 2023 (£22,203 was owed by the directors to the company on 31 March 2022 which was repaid before 31 December 2022). This amount falls due to be repaid within nine months of the 2023 year end.

10. ULTIMATE CONTROLLING PARTY

The controlling party is S F Hughes.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Delvin Homes Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Delvin Homes Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Delvin Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Delvin Homes Limited and state those matters that we have agreed to state to the Board of Directors of Delvin Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Delvin Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Delvin Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Delvin Homes Limited. You consider that Delvin Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Delvin Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


1 December 2023