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Registration number: 04857194

Hemway Homes Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Hemway Homes Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Hemway Homes Limited

(Registration number: 04857194)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,709

2,278

Current assets

 

Debtors

5

1,313,040

1,207,174

Cash at bank and in hand

 

60

15,922

 

1,313,100

1,223,096

Creditors: Amounts falling due within one year

6

(775,955)

(683,720)

Net current assets

 

537,145

539,376

Total assets less current liabilities

 

538,854

541,654

Creditors: Amounts falling due after more than one year

6

(29,030)

(37,500)

Provisions for liabilities

(325)

(453)

Net assets

 

509,499

503,701

Capital and reserves

 

Called up share capital

1

1

Retained earnings

509,498

503,700

Shareholders' funds

 

509,499

503,701

 

Hemway Homes Limited

(Registration number: 04857194)
Balance Sheet as at 30 June 2023

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 August 2024 and signed on its behalf by:
 

.........................................

Mr B J Hemmings
Director

 

Hemway Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
The Dower House
Hall Lane
Hankelow
Cheshire
CW3 0JB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Hemway Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2022

5,400

5,400

At 30 June 2023

5,400

5,400

Depreciation

At 1 July 2022

3,122

3,122

Charge for the year

569

569

At 30 June 2023

3,691

3,691

Carrying amount

At 30 June 2023

1,709

1,709

At 30 June 2022

2,278

2,278

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

1,124,040

1,018,174

Other debtors

 

189,000

189,000

 

Hemway Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

9,788

10,000

Trade creditors

143,508

263,948

Amounts owed to group undertakings

-

9,834

Taxation and social security

169,777

123,886

Accruals and deferred income

822

1,001

Other creditors

452,060

275,051

775,955

683,720

2023
£

2022
£

Current loans and borrowings

Bank borrowings

9,788

10,000

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

29,030

37,500