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REGISTERED NUMBER: 08716130 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Own Land Homes Limited

Own Land Homes Limited (Registered number: 08716130)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Own Land Homes Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr J Dunn





REGISTERED OFFICE: 1 Saxon House
Headway Business Park
Corby
Northamptonshire
NN18 9EZ





REGISTERED NUMBER: 08716130 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Own Land Homes Limited (Registered number: 08716130)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,219 2,502

CURRENT ASSETS
Stocks - 16,000
Debtors 5 44,220 35,900
Cash at bank 18,998 11,727
63,218 63,627
CREDITORS
Amounts falling due within one year 6 7,735 17,067
NET CURRENT ASSETS 55,483 46,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,702

49,062

CREDITORS
Amounts falling due after more than one
year

7

46,405

37,124
NET ASSETS 15,297 11,938

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 15,296 11,937
SHAREHOLDERS' FUNDS 15,297 11,938

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Own Land Homes Limited (Registered number: 08716130)

Balance Sheet - continued
31 October 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 director and authorised for issue on 8 February 2024 and were signed by:





Mr J Dunn - Director


Own Land Homes Limited (Registered number: 08716130)

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

1. STATUTORY INFORMATION

Own Land 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 financial statements have been prepared on a going concern basis which assumes the continued support of the company's director and bank.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

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 etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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

3. EMPLOYEES AND DIRECTORS

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

Own Land Homes Limited (Registered number: 08716130)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 November 2022 2,000 6,278 8,278
Additions - 6,140 6,140
At 31 October 2023 2,000 12,418 14,418
DEPRECIATION
At 1 November 2022 2,000 3,776 5,776
Charge for year - 2,423 2,423
At 31 October 2023 2,000 6,199 8,199
NET BOOK VALUE
At 31 October 2023 - 6,219 6,219
At 31 October 2022 - 2,502 2,502

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 36,289 -
Other debtors 7,931 35,900
44,220 35,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 9,281
Trade creditors 98 1,031
Taxation and social security 5,687 4,805
Other creditors 1,950 1,950
7,735 17,067

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Other creditors 46,405 37,124

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ordinary £1 1 1

Own Land Homes Limited (Registered number: 08716130)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£ £
Mr J Dunn
Balance outstanding at start of year 34,266 (14,274 )
Amounts advanced 4,519 99,669
Amounts repaid (33,868 ) (51,129 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,917 34,266

The director's overdrawn loan account is interest bearing and was repaid within 9 months of the company's financial year.