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REGISTERED NUMBER: 08171705 (England and Wales)



















PRESBURY HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






PRESBURY HOMES LIMITED (REGISTERED NUMBER: 08171705)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


PRESBURY HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr S P Beresford
Mr J W P Beresford
Mrs M Groom





SECRETARY: Mrs R Beresford





REGISTERED OFFICE: 47 Darley Park Road
Darley Abbey
DERBY
Derbyshire
DE22 1DA





REGISTERED NUMBER: 08171705 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

PRESBURY HOMES LIMITED (REGISTERED NUMBER: 08171705)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 251,000 251,000

CURRENT ASSETS
Debtors 5 127 149
Cash at bank and in hand 5,879 9,306
6,006 9,455
CREDITORS
Amounts falling due within one year 6 71,720 76,017
NET CURRENT LIABILITIES (65,714 ) (66,562 )
TOTAL ASSETS LESS CURRENT LIABILITIES 185,286 184,438

CREDITORS
Amounts falling due after more than one year 7 (104,722 ) (111,378 )

PROVISIONS FOR LIABILITIES (3,680 ) (3,680 )
NET ASSETS 76,884 69,380

CAPITAL AND RESERVES
Called up share capital 9 300 300
Fair value reserve 10 36,195 36,195
Retained earnings 40,389 32,885
SHAREHOLDERS' FUNDS 76,884 69,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

PRESBURY HOMES LIMITED (REGISTERED NUMBER: 08171705)

BALANCE SHEET - continued
31 AUGUST 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 14 April 2024 and were signed on its behalf by:





Mr S P Beresford - Director


PRESBURY HOMES LIMITED (REGISTERED NUMBER: 08171705)

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


1. STATUTORY INFORMATION

Presbury Homes Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable during the year.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Any movement in the revaluation of the investment property, net of related deferred tax, is shown in the fair value reserve.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 251,000
NET BOOK VALUE
At 31 August 2023 251,000
At 31 August 2022 251,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2021 251,000

PRESBURY HOMES LIMITED (REGISTERED NUMBER: 08171705)

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


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 211,125 211,125

Investment property was valued on an open market basis on 31 August 2021 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 127 149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,651 6,199
Corporation tax 3,190 2,675
Directors' current accounts 60,751 66,069
Accruals and deferred income 1,128 1,074
71,720 76,017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 104,722 6,642
Bank loans - 2-5 years - 104,736
104,722 111,378

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 111,373 117,577

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300

PRESBURY HOMES LIMITED (REGISTERED NUMBER: 08171705)

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


10. RESERVES
Fair
value
reserve
£   
At 1 September 2022
and 31 August 2023 36,195

11. RELATED PARTY DISCLOSURES

Included in creditors are directors loans amounting to £60,751 (2022:£66,069) on which no interest is being charged.