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Company Registration No. 11056860 (England and Wales)
Vexford Homes Limited Unaudited accounts for the year ended 30 November 2023
Vexford Homes Limited Unaudited accounts Contents
Page
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Vexford Homes Limited Company Information for the year ended 30 November 2023
Directors
Hussein Essajee Mohammed Essajee Amirali Kaderbhai Murtaza Kaderbhai
Company Number
11056860 (England and Wales)
Registered Office
96 Leicester Road Wigston Leicestershire LE18 1DR
Accountants
Embee Oak Cardinal Point Park Road Rickmansworth Herts WD3 1RE
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Vexford Homes Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,270 
3,405 
Current assets
Inventories
666,141 
146,127 
Debtors
1,073,917 
1,099,643 
Cash at bank and in hand
5,921 
9,825 
1,745,979 
1,255,595 
Creditors: amounts falling due within one year
(1,779,842)
(1,258,124)
Net current liabilities
(33,863)
(2,529)
Net (liabilities)/assets
(31,593)
876 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(31,693)
776 
Shareholders' funds
(31,593)
876 
For the year ending 30 November 2023 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 29 July 2024 and were signed on its behalf by
Hussein Essajee Director Company Registration No. 11056860
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Vexford Homes Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Vexford Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 11056860. The registered office is 96 Leicester Road, Wigston, Leicestershire, LE18 1DR.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Motor vehicles
5 years straight line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2022
5,675 
At 30 November 2023
5,675 
Depreciation
At 1 December 2022
2,270 
Charge for the year
1,135 
At 30 November 2023
3,405 
Net book value
At 30 November 2023
2,270 
At 30 November 2022
3,405 
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Vexford Homes Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
13,044 
7,742 
Trade debtors
150 
- 
Amounts due from group undertakings etc.
1,010,723 
1,041,901 
Other debtors
50,000 
50,000 
1,073,917 
1,099,643 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
37,462 
6,612 
Taxes and social security
1,673 
805 
Other creditors
540,141 
400,141 
Loans from directors
874,303 
524,303 
Accruals
326,263 
326,263 
1,779,842 
1,258,124 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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