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Company Registration No. 09390427 (England and Wales)
Enhance Homes Ltd Unaudited accounts for the year ended 31 March 2024
Enhance Homes Ltd Unaudited accounts Contents
Page
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Enhance Homes Ltd Company Information for the year ended 31 March 2024
Directors
James Dodgson Sarah Dodgson
Company Number
09390427 (England and Wales)
Registered Office
66 Lavington Avenue Cheadle Cheshire SK8 2HH
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Enhance Homes Ltd Accountants' report
Accountants' report to the board of directors of Enhance Homes Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Enhance Homes Ltd for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Enhance Homes Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Enhance Homes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Enhance Homes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Enhance Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Enhance Homes Ltd. You consider that Enhance Homes Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Enhance Homes Ltd. 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 5 August 2024
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Enhance Homes Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
200,000 
190,000 
Current assets
Debtors
650 
3,043 
Cash at bank and in hand
5,777 
7,293 
6,427 
10,336 
Creditors: amounts falling due within one year
(9,365)
(13,673)
Net current liabilities
(2,938)
(3,337)
Total assets less current liabilities
197,062 
186,663 
Creditors: amounts falling due after more than one year
(98,037)
(98,037)
Net assets
99,025 
88,626 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
97,740 
87,740 
Profit and loss account
1,283 
884 
Shareholders' funds
99,025 
88,626 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2024 and were signed on its behalf by
James Dodgson Director Company Registration No. 09390427
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Enhance Homes Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Enhance Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 09390427. The registered office is 66 Lavington Avenue, Cheadle, Cheshire, SK8 2HH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The gain on revaluation of the investment property is unrealised and hence, unavailable for distribution.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Enhance Homes Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
419 
At 31 March 2024
419 
Depreciation
At 1 April 2023
419 
At 31 March 2024
419 
Net book value
At 31 March 2024
- 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
190,000 
Net gain from fair value adjustments
10,000 
At 31 March 2024
200,000 
The property was valued by the Director, Mr James Dodgson, at the year end.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
2,393 
Other debtors
650 
650 
650 
3,043 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
427 
- 
Other creditors
650 
650 
Loans from directors
7,838 
12,573 
Accruals
450 
450 
9,365 
13,673 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
98,037 
98,037 
Aggregate of amounts that fall due for payment after five years
- 
98,037 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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