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REGISTERED NUMBER: 04364837 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MUTUAL HOMES LIMITED

MUTUAL HOMES LIMITED (REGISTERED NUMBER: 04364837)






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


MUTUAL HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr R J Smith
Mrs D Smith
Mr M J Weekley





SECRETARY: Mr R J Smith





REGISTERED OFFICE: Estate Office
Cloisters Retirement Village
Rectory Road
Rushden
Northamptonshire
NN10 0HA





REGISTERED NUMBER: 04364837 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

MUTUAL HOMES LIMITED (REGISTERED NUMBER: 04364837)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,125 187,775

CURRENT ASSETS
Debtors 5 59,224 53,208
Cash at bank 41,524 22,262
100,748 75,470
CREDITORS
Amounts falling due within one year 6 48,400 42,598
NET CURRENT ASSETS 52,348 32,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,473

220,647

PROVISIONS FOR LIABILITIES 322 425
NET ASSETS 239,151 220,222

RESERVES
Retained earnings 239,151 220,222
239,151 220,222

MUTUAL HOMES LIMITED (REGISTERED NUMBER: 04364837)

BALANCE SHEET - continued
31 OCTOBER 2023


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 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.

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 22 February 2024 and were signed on its behalf by:





Mr R J Smith - Director


MUTUAL HOMES LIMITED (REGISTERED NUMBER: 04364837)

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

1. STATUTORY INFORMATION

Mutual Homes Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


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 comprises the invoiced value of services provided by the company.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Freehold property is not depreciated as the company has a policy of continual repairs. Any depreciation would therefore be deemed immaterial.

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.

3. EMPLOYEES AND DIRECTORS

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

MUTUAL HOMES LIMITED (REGISTERED NUMBER: 04364837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2022
and 31 October 2023 72,516 112,407 15,679
DEPRECIATION
At 1 November 2022 - - 14,273
Charge for year - - 281
At 31 October 2023 - - 14,554
NET BOOK VALUE
At 31 October 2023 72,516 112,407 1,125
At 31 October 2022 72,516 112,407 1,406

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 4,633 2,835 208,070
DEPRECIATION
At 1 November 2022 4,034 1,988 20,295
Charge for year 90 279 650
At 31 October 2023 4,124 2,267 20,945
NET BOOK VALUE
At 31 October 2023 509 568 187,125
At 31 October 2022 599 847 187,775

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 59,224 53,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8 459
Taxation and social security 6,592 339
Other creditors 41,800 41,800
48,400 42,598

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date a director owed the company £3,414 (2022 - £3,726). This loan is interest free and there are no fixed repayment terms.

MUTUAL HOMES LIMITED (REGISTERED NUMBER: 04364837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. RELATED PARTY DISCLOSURES

At the balance sheet date a director was owed £40,000 (2022 - £40,000). Interest was charged on this loan at 6%. There are no fixed repayment terms.