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Company No: 10413463 (England and Wales)

APPLETREE DEVELOPMENT (HOMES) LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

APPLETREE DEVELOPMENT (HOMES) LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

APPLETREE DEVELOPMENT (HOMES) LIMITED

BALANCE SHEET

As at 31 October 2023
APPLETREE DEVELOPMENT (HOMES) LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 532 810
532 810
Current assets
Stocks 4 1,518,025 2,582,773
Debtors 5 8,501 16,852
Cash at bank and in hand 851,708 69,856
2,378,234 2,669,481
Creditors: amounts falling due within one year 6 ( 1,608,741) ( 1,852,859)
Net current assets 769,493 816,622
Total assets less current liabilities 770,025 817,432
Creditors: amounts falling due after more than one year 7 0 ( 206,932)
Net assets 770,025 610,500
Capital and reserves
Called-up share capital 100 100
Profit and loss account 769,925 610,400
Total shareholder's funds 770,025 610,500

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Appletree Development (Homes) Limited (registered number: 10413463) were approved and authorised for issue by the Director on 19 March 2024. They were signed on its behalf by:

Mrs K Stammers
Director
APPLETREE DEVELOPMENT (HOMES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
APPLETREE DEVELOPMENT (HOMES) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Appletree Development (Homes) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
And turnover from the sale of a property is recognised when the property is transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 November 2022 3,166 3,166
At 31 October 2023 3,166 3,166
Accumulated depreciation
At 01 November 2022 2,356 2,356
Charge for the financial year 278 278
At 31 October 2023 2,634 2,634
Net book value
At 31 October 2023 532 532
At 31 October 2022 810 810

4. Stocks

2023 2022
£ £
Stocks 1,518,025 2,582,773

5. Debtors

2023 2022
£ £
Other debtors 8,501 16,852

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 4,955 66,778
Taxation and social security 46,056 45,174
Other creditors 1,557,730 1,740,907
1,608,741 1,852,859

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 0 206,932

There are no amounts included above in respect of which any security has been given by the small entity.