Company registration number 08050279 (England and Wales)
LAND4HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
LAND4HOMES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
LAND4HOMES LIMITED
BALANCE SHEET
AS AT
31 JULY 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
292,366
292,366
Tangible assets
4
1,300
758
293,666
293,124
Current assets
Debtors
5
3,039
59,489
Cash at bank and in hand
353,727
326,490
356,766
385,979
Creditors: amounts falling due within one year
6
(1,971)
(131,831)
Net current assets
354,795
254,148
Total assets less current liabilities
648,461
547,272
Creditors: amounts falling due after more than one year
7
(134,408)
(139,408)
Provisions for liabilities
(247)
-
0
Net assets
513,806
407,864
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
513,706
407,764
Total equity
513,806
407,864

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LAND4HOMES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2023
31 July 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 5 July 2024 and are signed on its behalf by:
Mr J G D Sharp
Mr R I Thomlinson
Director
Director
Company Registration No. 08050279
LAND4HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
- 3 -
1
Accounting policies
Company information

Land4Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Reynard House, Altrincham Road, Wilmslow, Cheshire, United Kingdom, SK9 5ND.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, being consultancy services, and is shown net of VAT and other sales related taxes.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised as and when each land bank is sold.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% Reducing Balance
Computer equipment
33.3% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LAND4HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation
Current tax

These financial statements for the year ended 31 July 2023 are the first financial statements of Land4Homes Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 August 2021. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

Deferred tax

These financial statements for the year ended 31 July 2023 are the first financial statements of Land4Homes Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 August 2021. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2022 and 31 July 2023
1,000,000
Amortisation and impairment
At 1 August 2022 and 31 July 2023
707,634
Carrying amount
At 31 July 2023
292,366
At 31 July 2022
292,366
LAND4HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022
14,086
Additions
960
Disposals
(1,267)
At 31 July 2023
13,779
Depreciation and impairment
At 1 August 2022
13,328
Depreciation charged in the year
418
Eliminated in respect of disposals
(1,267)
At 31 July 2023
12,479
Carrying amount
At 31 July 2023
1,300
At 31 July 2022
758
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
57,600
Other debtors
3,039
1,889
3,039
59,489
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
615
293
Taxation and social security
278
79,063
Other creditors
1,078
52,475
1,971
131,831
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
134,408
139,408
LAND4HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023
- 6 -
LAND4HOMES LIMITED
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 JULY 2023
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