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REGISTERED NUMBER: 06432706 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

Excellent Homes Limited

Excellent Homes Limited (Registered number: 06432706)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Excellent Homes Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mrs M Awan
Dr I W Jones





REGISTERED OFFICE: 1070-1072 London Road
Thornton Heath
Surrey
CR7 7ND





REGISTERED NUMBER: 06432706 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Excellent Homes Limited (Registered number: 06432706)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £
FIXED ASSETS
Tangible assets 4 81,508 115,669

CURRENT ASSETS
Debtors 327,767 287,668
Cash at bank 161,706 27,620
489,473 315,288
CREDITORS
Amounts falling due within one year (81,354 ) (69,229 )
NET CURRENT ASSETS 408,119 246,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

489,627

361,728

PROVISIONS FOR LIABILITIES (2,853 ) (4,720 )
NET ASSETS 486,774 357,008

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 486,674 356,908
SHAREHOLDERS' FUNDS 486,774 357,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Excellent Homes Limited (Registered number: 06432706)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mrs M Awan - Director


Excellent Homes Limited (Registered number: 06432706)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Excellent Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts invoiced for the provision and letting of housing to social services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Excellent Homes Limited (Registered number: 06432706)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 January 2023 222,973
Disposals (52,168 )
At 31 December 2023 170,805
DEPRECIATION
At 1 January 2023 107,304
Charge for year 34,161
Eliminated on disposal (52,168 )
At 31 December 2023 89,297
NET BOOK VALUE
At 31 December 2023 81,508
At 31 December 2022 115,669

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the Company was charged rent of £268,800 (2022: £235,200) by the directors, and charged rent totalling £84,300 (2022: £71,100) by companies under common control.

6. RELATED PARTY

Amounts receivable by companies under common control totalled £250,000 (2022: £215,000).

7. DEBENTURE

National Westminster Bank Plc holds a fixed and floating charge over the assets of the Company.