Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity2020trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03545187 2023-05-01 2024-04-30 03545187 2022-05-01 2023-04-30 03545187 2024-04-30 03545187 2023-04-30 03545187 c:Director1 2023-05-01 2024-04-30 03545187 c:Director2 2023-05-01 2024-04-30 03545187 d:Buildings 2023-05-01 2024-04-30 03545187 d:Buildings 2024-04-30 03545187 d:Buildings 2023-04-30 03545187 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03545187 d:MotorVehicles 2023-05-01 2024-04-30 03545187 d:FurnitureFittings 2023-05-01 2024-04-30 03545187 d:FurnitureFittings 2024-04-30 03545187 d:FurnitureFittings 2023-04-30 03545187 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03545187 d:OfficeEquipment 2023-05-01 2024-04-30 03545187 d:OfficeEquipment 2024-04-30 03545187 d:OfficeEquipment 2023-04-30 03545187 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03545187 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03545187 d:Goodwill 2024-04-30 03545187 d:Goodwill 2023-04-30 03545187 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 03545187 d:FreeholdInvestmentProperty 2024-04-30 03545187 d:FreeholdInvestmentProperty 2023-04-30 03545187 d:CurrentFinancialInstruments 2024-04-30 03545187 d:CurrentFinancialInstruments 2023-04-30 03545187 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03545187 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03545187 d:ShareCapital 2024-04-30 03545187 d:ShareCapital 2023-04-30 03545187 d:RevaluationReserve 2023-05-01 2024-04-30 03545187 d:RevaluationReserve 2024-04-30 03545187 d:RevaluationReserve 2023-04-30 03545187 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 03545187 d:RetainedEarningsAccumulatedLosses 2024-04-30 03545187 d:RetainedEarningsAccumulatedLosses 2023-04-30 03545187 c:FRS102 2023-05-01 2024-04-30 03545187 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03545187 c:FullAccounts 2023-05-01 2024-04-30 03545187 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03545187 2 2023-05-01 2024-04-30 03545187 5 2023-05-01 2024-04-30 03545187 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 03545187 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 03545187 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03545187










C & H PREMIER HOMES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
C & H PREMIER HOMES LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF C & H PREMIER HOMES LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C & H Premier Homes Limited for the year ended 30 April 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of C & H Premier Homes Limited, as a body, in accordance with the terms of our engagement letter dated 22nd July 2014.Our work has been undertaken solely to prepare for your approval the financial statements of C & H Premier Homes Limited and state those matters that we have agreed to state to the Board of directors of C & H Premier Homes Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C & H Premier Homes Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that C & H Premier Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C & H Premier Homes Limited. You consider that C & H Premier Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of C & H Premier Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff-on-Sea
Essex
SS0 9PE
31 July 2024
Page 1

 
C & H PREMIER HOMES LIMITED
REGISTERED NUMBER: 03545187

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
349,810
356,842

Investment property
 6 
293,016
284,016

  
642,826
640,858

Current assets
  

Stocks
  
38,197
39,841

Debtors: amounts falling due within one year
 7 
85,528
88,212

Current asset investments
 8 
532,238
555,158

Cash at bank and in hand
 9 
811,056
942,537

  
1,467,019
1,625,748

Creditors: amounts falling due within one year
 10 
(832,415)
(866,841)

Net current assets
  
 
 
634,604
 
 
758,907

Total assets less current liabilities
  
1,277,430
1,399,765

Provisions for liabilities
  

Deferred tax
 11 
(3,764)
(6,423)

  
 
 
(3,764)
 
 
(6,423)

Net assets
  
1,273,666
1,393,342


Capital and reserves
  

Called up share capital 
  
1
1

Revaluation reserve
 12 
75,564
75,564

Profit and loss account
 12 
1,198,101
1,317,777

  
1,273,666
1,393,342


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 2

 
C & H PREMIER HOMES LIMITED
REGISTERED NUMBER: 03545187

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.




G. N. Church
R. L. Wells
Director
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
C & H PREMIER HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company is a private company, limited by shares and incorporated in England. Its registered office is Kingsridge House, 601 London Road, Westcliff-on-Sea, Essex, SS0 9PE. The principal place of business is 4 High Street, Maldon, Essex, CM9 5PJ.

These accounts are amended and replace the original accounts. These are now the statutory accounts and have been prepared as they were at the date of the original accounts.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
C & H PREMIER HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
C & H PREMIER HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing balance and straight line method..

Depreciation is provided on the following basis:

Freehold property
-
See below
Motor vehicles
-
25% reducing balance
Fixtures, fittings and equipment
-
15%straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
C & H PREMIER HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 20 (2023 - 20).

Page 7

 
C & H PREMIER HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
110,493



At 30 April 2024

110,493



Amortisation


At 1 May 2023
110,493



At 30 April 2024

110,493



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 8

 
C & H PREMIER HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Freehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
330,000
253,071
209,936
793,007


Additions
-
2,083
2,611
4,694



At 30 April 2024

330,000
255,154
212,547
797,701



Depreciation


At 1 May 2023
-
245,813
190,352
436,165


Charge for the year on owned assets
-
4,581
7,145
11,726



At 30 April 2024

-
250,394
197,497
447,891



Net book value



At 30 April 2024
330,000
4,760
15,050
349,810



At 30 April 2023
330,000
7,258
19,584
356,842

Cost or valuation at 30 April 2024 is as follows:

Land and buildings
£


At cost
-
At valuation:

Valued by external valuer Fenn Wright in March 20 at a market value on existing use basis. Directors believe the value still remains reasonable.
330,000



330,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2024
2023
£
£



Cost
330,000
330,000

Net book value
330,000
330,000

Page 9

 
C & H PREMIER HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
284,016


Additions at cost
9,000



At 30 April 2024
293,016

The 2024 valuations were made by the directors, due to the asset's purchase in a previous year, the valuation of which is still considered appropriate,, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Trade debtors
43,668
44,507

Other debtors
25,137
27,628

Prepayments and accrued income
16,723
16,077

85,528
88,212


Page 10

 
C & H PREMIER HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Current asset investments

2024
2023
£
£

Unlisted investments
532,238
555,158

532,238
555,158


2024
2023
£
£


Opening fair value
-
6,363

Sales
-
(6,363)

Market value
-
-


Unlisted investments

Opening fair value
555,158
472,094

Purchases
163,019
621,218

Sales
(277,910)
(517,040)

(Losses)/Gains on remeasurement to fair value
91,971
(21,114)

Market value
532,238
555,158



9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
811,056
942,537

811,056
942,537



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,885
9,067

Corporation tax
3,852
76,460

Other taxation and social security
67,210
75,286

Other creditors
721,662
681,462

Accruals and deferred income
29,806
24,566

832,415
866,841


Page 11

 
C & H PREMIER HOMES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Deferred taxation




2024


£






At beginning of year
(6,423)


Charged to profit or loss
2,659



At end of year
(3,764)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,764)
(6,423)

(3,764)
(6,423)


12.


Reserves

Revaluation reserve

During the year there was no movement in revaluation reserve.

Profit and loss account

Movements to this account comprises dividend payments, fair value movements, and profit.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £27,956 (2023: £34,766). Contributions totalling £3,393 (2023: £4,760) were payable to the fund at the balance sheet date and are included in creditors.


14.


Related party transactions

During the year dividends were paid to the directors as follows:
G Church £81,510
R Wells £81,510
P Rayfield £114,990


Page 12