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REGISTERED NUMBER: 08312709 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

AMHERST HOMES LTD

AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMHERST HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: R P Wells
K Wells
A J Wood
T A Howes





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB58BA





BUSINESS ADDRESS: Victoria House
14 High Street
Saffron Walden
Cambridgeshire
CB10 1HQ





REGISTERED NUMBER: 08312709 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 124,842 209,259
Investments 6 1,850,000 1,850,000
1,974,842 2,059,259

CURRENT ASSETS
Stocks 4,716,584 6,746,658
Debtors 7 380,613 382,741
Cash at bank and in hand 1,021,868 6,739
6,119,065 7,136,138
CREDITORS
Amounts falling due within one year 8 (2,278,072 ) (846,223 )
NET CURRENT ASSETS 3,840,993 6,289,915
TOTAL ASSETS LESS CURRENT LIABILITIES 5,815,835 8,349,174

CREDITORS
Amounts falling due after more than one year 9 (2,325,686 ) (4,464,109 )

PROVISIONS FOR LIABILITIES 12 - (39,759 )
NET ASSETS 3,490,149 3,845,306

CAPITAL AND RESERVES
Called up share capital 13 3,700,000 3,700,000
Retained earnings (209,851 ) 145,306
SHAREHOLDERS' FUNDS 3,490,149 3,845,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)

BALANCE SHEET - continued
30 NOVEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





R P Wells - Director


AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Amherst Homes Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Amherst Homes Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents sales income receivable excluding value added tax, in respect of the construction and sale of new build residential properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stock of development land and buildings
Development land and buildings are valued at the lower of cost and net realisable value and includes the
cost of land and direct construction costs. This includes interest and finance charges directly attributable to the cost of development.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the balance sheet date there was negative retained earnings of £209,851. The financial statements have been prepared on a going concern basis as the company continues to receive the support of the director where required to ensure it meets all liabilities as they fall due.

Related party transactions
At the balance sheet date an amount of £800,000 was due to the directors and is disclosed within other creditors.There is no interest charged on this loan and there are no fixed repayment terms for this loan.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 22 ) .

AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 366,242
Additions 1,189
Disposals (121,905 )
At 30 November 2023 245,526
DEPRECIATION
At 1 December 2022 156,983
Charge for year 40,514
Eliminated on disposal (76,813 )
At 30 November 2023 120,684
NET BOOK VALUE
At 30 November 2023 124,842
At 30 November 2022 209,259

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022 222,478
Disposals (76,105 )
At 30 November 2023 146,373
DEPRECIATION
At 1 December 2022 61,951
Charge for year 29,592
Eliminated on disposal (41,539 )
At 30 November 2023 50,004
NET BOOK VALUE
At 30 November 2023 96,369
At 30 November 2022 160,527

AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 1,850,000
NET BOOK VALUE
At 30 November 2023 1,850,000
At 30 November 2022 1,850,000

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 203,113 102
Amounts owed by group undertakings 154 176,886
Other debtors 153,424 173,034
356,691 350,022

Amounts falling due after more than one year:
Other debtors 23,922 32,719

Aggregate amounts 380,613 382,741

Debtors falling due after more than one year consists of corporation tax losses available to offset against future profits less timing differences on accelerated capital allowances.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 7,275
Hire purchase contracts (see note 10) 48,423 50,820
Trade creditors 204,112 193,617
Amounts owed to group undertakings 833,206 122,488
Taxation and social security 18,302 29,994
Other creditors 1,174,029 442,029
2,278,072 846,223

AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,309,678 4,399,678
Hire purchase contracts (see note 10) 16,008 64,431
2,325,686 4,464,109

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 53,164 55,751
Between one and five years 17,580 70,744
70,744 126,495

Finance charges repayable:
Within one year 4,741 4,931
Between one and five years 1,572 6,313
6,313 11,244

Net obligations repayable:
Within one year 48,423 50,820
Between one and five years 16,008 64,431
64,431 115,251

Non-cancellable operating leases
2023 2022
£    £   
Within one year 43,900 41,108
Between one and five years 21,950 65,850
65,850 106,958

The operating leases relates to the rental paid on land & buildings which are paid monthly, the current leases are due to expire on the 31st May 2025.

AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,309,678 4,406,953

Bank loans are secured by way of a fixed and floating charge over the assets of the company.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 39,759

Deferred
tax
£   
Balance at 1 December 2022 39,759
Provided during year (39,759 )
Balance at 30 November 2023 -

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,700,000 Ordinary £1 3,700,000 3,700,000

14. CONTINGENT LIABILITIES

Bank guarantees have been given by the company to secure all liabilities of other companies in the group.

AMHERST HOMES LTD (REGISTERED NUMBER: 08312709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
R P Wells
Balance outstanding at start of year 47,500 -
Amounts advanced - 47,500
Amounts repaid (47,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 47,500

K Wells
Balance outstanding at start of year 47,500 -
Amounts advanced - 47,500
Amounts repaid (47,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 47,500