Company registration number 13011361 (England and Wales)
D&L HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
D&L HOMES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
D&L HOMES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF D&L HOMES LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2023
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D&L Homes Limited for the year ended 30 November 2023 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 D&L Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D&L Homes Limited and state those matters that we have agreed to state to the board of directors of D&L Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D&L Homes Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that D&L 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 D&L Homes Limited. You consider that D&L Homes Limited 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 financial statements of D&L 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.
Ormerod Rutter Limited
7 August 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
D&L HOMES LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2023
30 November 2023
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2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
169,610
169,610
Current assets
Debtors
1,053
1,053
Cash at bank and in hand
4,323
2,681
5,376
3,734
Creditors: amounts falling due within one year
4
(49,693)
(48,407)
Net current liabilities
(44,317)
(44,673)
Total assets less current liabilities
125,293
124,937
Creditors: amounts falling due after more than one year
5
(125,078)
(125,078)
Net assets/(liabilities)
215
(141)
Capital and reserves
Called up share capital
7
200
200
Profit and loss reserves
15
(341)
Total equity
215
(141)
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 30 November 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.
The financial statements were approved by the board of directors and authorised for issue on 7 August 2024 and are signed on its behalf by:
Mrs L F Bevan
Director
Company registration number 13011361 (England and Wales)
D&L HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
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1
Accounting policies
Company information
D&L Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Miricot, Main Street, Bishampton, Worcestershire, WR10 2NH.
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 have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rents provided in the normal course of business. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term.
Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised 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
Investment property
2023
£
Fair value
At 1 December 2022 and 30 November 2023
169,610
The directors believe the revaluation reflects the market value at the year end.
D&L HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
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4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
49,693
48,407
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
125,078
125,078
6
Secured debts
The following secured debts are included within creditors:
2023
2022
£
£
Bank loans
125,078
125,078
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
50
50
50
50
Ordinary B of £1 each
50
50
50
50
Ordinary C of £1 each
50
50
50
50
Ordinary D of £1 each
50
50
50
50
200
200
200
200
8
Ultimate controlling party
The ultimate controlling party Mr D J Bevan and Mrs L Bevan.