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REGISTERED NUMBER: 08702338 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 September 2023

for

Habbin Homes Ltd

Habbin Homes Ltd (Registered number: 08702338)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Habbin Homes Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J H F Habbin
G J Habbin





SECRETARY:





REGISTERED OFFICE: 6 Moatlands
Wickersley
Rotherham
England
S66 1DQ





REGISTERED NUMBER: 08702338 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Habbin Homes Ltd (Registered number: 08702338)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,483 67,999

CURRENT ASSETS
Stocks 5 1,484,492 1,045,060
Debtors 6 639,622 221,112
Cash at bank 13,873 890,348
2,137,987 2,156,520
CREDITORS
Amounts falling due within one year 7 83,750 102,351
NET CURRENT ASSETS 2,054,237 2,054,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,109,720

2,122,168

PROVISIONS FOR LIABILITIES 13,870 12,920
NET ASSETS 2,095,850 2,109,248

CAPITAL AND RESERVES
Called up share capital 9 314,201 314,201
Retained earnings 10 1,781,649 1,795,047
SHAREHOLDERS' FUNDS 2,095,850 2,109,248

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

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

Habbin Homes Ltd (Registered number: 08702338)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

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





J H F Habbin - Director


Habbin Homes Ltd (Registered number: 08702338)

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

1. STATUTORY INFORMATION

Habbin 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

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 Income Statement, 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.

Habbin Homes Ltd (Registered number: 08702338)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 4 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2022 113,803
Disposals (10,000 )
At 30 September 2023 103,803
DEPRECIATION
At 1 October 2022 45,804
Charge for year 9,791
Eliminated on disposal (7,275 )
At 30 September 2023 48,320
NET BOOK VALUE
At 30 September 2023 55,483
At 30 September 2022 67,999

Habbin Homes Ltd (Registered number: 08702338)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2022
and 30 September 2023 34,763
DEPRECIATION
At 1 October 2022
and 30 September 2023 18,077
NET BOOK VALUE
At 30 September 2023 16,686
At 30 September 2022 16,686

5. STOCKS
2023 2022
£    £   
Work-in-progress 1,484,492 1,045,060

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 7,801
Other debtors 626,170 29,500
Directors' current accounts - 163,617
Tax 13,016 -
VAT - 14,566
Prepayments 436 5,628
639,622 221,112

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 320
Trade creditors 41,752 55,113
Tax - 38,664
Social security and other taxes 2,876 3,004
VAT 3,080 -
Directors' current accounts 30,792 -
Accrued expenses 5,250 5,250
83,750 102,351

Habbin Homes Ltd (Registered number: 08702338)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

Mortgage Type:
Date Charge Created: 07/09/15
Date Charge Registered: 09/09/15
Date Charge Satisfied: -
Status: OUTSTANDING
Person(s) Entitled: SVENSKA HANDELSBANKEN AB (PUBL);
Amount Secured:
Details: PLOT 1 KINGSWAY 185 MOORGATE ROAD ROTHERHAMCONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:
Date Charge Created: 22/05/15
Date Charge Registered: 10/06/15
Date Charge Satisfied: -
Status: OUTSTANDING
Person(s) Entitled: SVENSKA HANDELSBANKEN AB (PUBL);
Amount Secured:
Details: PLOTS 3,4 AND 5 MORTHEN VIEW MORTHEN ROAD ROTHERHAM T/NO SYK613746CONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:
Date Charge Created: 22/05/15
Date Charge Registered: 01/06/15
Date Charge Satisfied: -
Status: OUTSTANDING
Person(s) Entitled: SVENSKA HANDELSBANKEN AB (PUBL);
Amount Secured:
Details: CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200,000 Ordinary A Redeemable 1 56,000 56,000
89,300 Ordinary B Redeemable 1 - -
28,200 Ordinary C Redeemable 1 28,200 28,200
1 Ordinary £1 1 1
172,500 Ordinary A £1 172,500 172,500
57,500 Ordinary B £1 57,500 57,500
314,201 314,201

Habbin Homes Ltd (Registered number: 08702338)

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

10. RESERVES
Retained
earnings
£   

At 1 October 2022 1,795,047
Profit for the year 16,602
Dividends (30,000 )
At 30 September 2023 1,781,649

11. ULTIMATE CONTROLLING PARTY

The controlling party is J H F Habbin.

12. REDEEMABLE SHARE RIGHTS

The Redeemable Shares have the following rights:

- They are redeemable at the discretion of Habbin Homes Ltd board of directors. No right exists for the holder of these shares to demand redemption.

- Each share ranks equally in terms of:

a/ Voting rights - one vote for each share
b/ Rights to participate in all approved dividend distributions for that class of share
c/ Rights to participate in any capital distribution on winding up

Due to these rights, they have been classed as equity within these accounts.