Company registration number 10608098 (England and Wales)
AKEHURST HOMES (HOLT) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
AKEHURST HOMES (HOLT) LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
AKEHURST HOMES (HOLT) LIMITED (REGISTERED NUMBER: 10608098)
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Non-current assets
Investment properties
3
900,000
850,000
Current assets
Cash and cash equivalents
1,478
1,555
Current liabilities
4
(197,248)
(204,520)
Net current liabilities
(195,770)
(202,965)
Total assets less current liabilities
704,230
647,035
Non-current liabilities
5
(502,560)
(502,560)
Provisions for liabilities
(38,000)
(28,500)
Net assets
163,670
115,975
Equity
Called up share capital
100
100
Non-distributable profits reserve
6
162,000
121,500
Distributable retained earnings
1,570
(5,625)
Total equity
163,670
115,975

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

AKEHURST HOMES (HOLT) LIMITED (REGISTERED NUMBER: 10608098)
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 29 February 2024
Mr J R Lench
Director
AKEHURST HOMES (HOLT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Akehurst Homes (Holt) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover represents rents receivable.

1.3
Investment properties

Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
AKEHURST HOMES (HOLT) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
3
Investment property
2023
£
Fair value
At 1 July 2022
850,000
Revaluations
50,000
At 30 June 2023
900,000

The director has assessed the fair value of the properties.

4
Current liabilities
2023
2022
£
£
Amounts owed to group undertakings
192,934
201,979
Taxation and social security
2,539
851
Other payables
1,775
1,690
197,248
204,520
5
Non-current liabilities
2023
2022
£
£
Bank loans and overdrafts
502,560
502,560

As at the balance sheet date, there was a long-term loan of £502,560 (2022: £502,560), this is secured against the investment properties.

6
Non-distributable profits reserve
2023
2022
£
£
At the beginning of the year
121,500
60,750
Non distributable profits in the year
40,500
60,750
At the end of the year
162,000
121,500
7
Parent company

The ultimate parent company is Akehurst Homes Limited, the registered office is 19/21 Swan Street, West Malling, England, ME19 6JU.

2023-06-302022-07-01false29 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr J R Lenchfalse106080982022-07-012023-06-30106080982023-06-30106080982022-06-3010608098core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3010608098core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3010608098core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3010608098core:Non-currentFinancialInstrumentscore:AfterOneYear2022-06-3010608098core:CurrentFinancialInstruments2023-06-3010608098core:CurrentFinancialInstruments2022-06-3010608098core:ShareCapital2023-06-3010608098core:ShareCapital2022-06-3010608098core:FurtherSpecificReserve1ComponentTotalEquity2023-06-3010608098core:FurtherSpecificReserve1ComponentTotalEquity2022-06-3010608098core:RetainedEarningsAccumulatedLosses2023-06-3010608098core:RetainedEarningsAccumulatedLosses2022-06-3010608098bus:Director12022-07-012023-06-30106080982021-07-012022-06-30106080982022-06-3010608098core:Non-currentFinancialInstruments2023-06-3010608098core:Non-currentFinancialInstruments2022-06-3010608098bus:PrivateLimitedCompanyLtd2022-07-012023-06-3010608098bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3010608098bus:FRS1022022-07-012023-06-3010608098bus:AuditExemptWithAccountantsReport2022-07-012023-06-3010608098bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP