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REGISTERED NUMBER: 07488352 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Ben Bailey Homes Ltd

Ben Bailey Homes Ltd (Registered number: 07488352)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ben Bailey Homes Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr B J Bailey
Mr J L Brook
Mr R Conroy





REGISTERED OFFICE: Burdwell Works
172 New Mill Road
Brockholes
Holmfirth
West Yorkshire
HD9 7AZ





REGISTERED NUMBER: 07488352 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Ben Bailey Homes Ltd (Registered number: 07488352)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 44,247 40,675
Tangible assets 6 566 1,051
44,813 41,726

CURRENT ASSETS
Stocks 3,637,532 4,169,270
Debtors 7 1,571,402 1,088,374
Cash at bank 1,116,977 799,883
6,325,911 6,057,527
CREDITORS
Amounts falling due within one year 8 6,139,425 5,908,230
NET CURRENT ASSETS 186,486 149,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,299

191,023

PROVISIONS FOR LIABILITIES 142 263
NET ASSETS 231,157 190,760

CAPITAL AND RESERVES
Called up share capital 10 90 90
Retained earnings 231,067 190,670
SHAREHOLDERS' FUNDS 231,157 190,760

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 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.

Ben Bailey Homes Ltd (Registered number: 07488352)

Balance Sheet - continued
30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2024 and were signed on its behalf by:





Mr R Conroy - Director


Ben Bailey Homes Ltd (Registered number: 07488352)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Ben Bailey Homes Ltd 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover and profit recognition
Operating profit comprises the results of property development. Profit is taken on property sales when legal
completion has taken place.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets are amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

All fixed assets are initially recorded at cost.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Ben Bailey Homes Ltd (Registered number: 07488352)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022 63,450
Additions 10,000
At 30 April 2023 73,450
AMORTISATION
At 1 May 2022 22,775
Charge for year 6,428
At 30 April 2023 29,203
NET BOOK VALUE
At 30 April 2023 44,247
At 30 April 2022 40,675

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 1,455
DEPRECIATION
At 1 May 2022 404
Charge for year 485
At 30 April 2023 889
NET BOOK VALUE
At 30 April 2023 566
At 30 April 2022 1,051

Ben Bailey Homes Ltd (Registered number: 07488352)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,571,402 1,088,374

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,814,137 2,617,335
Trade creditors 1,297,107 1,100,109
Amounts owed to group undertakings 2,392,567 1,902,267
Taxation and social security 14,434 63,257
Other creditors 621,180 225,262
6,139,425 5,908,230

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,814,137 2,617,335

The bank loans are secured over the assets of the company, the assets of certain other group companies and the shares of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary £1 90 90

11. CONTINGENT LIABILITIES

The company's assets and shares are pledged as security by a cross guarantee against the bank borrowings of certain other group companies.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Conroy Brook Holdings Limited, a company registered in England and Wales.