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REGISTERED NUMBER: 11670355 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

KESTREL HOMES LIMITED

KESTREL HOMES LIMITED (REGISTERED NUMBER: 11670355)






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


KESTREL HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Janet Ann Garrod
Mark Hilton Garrod





REGISTERED OFFICE: Cobblers Barn
New Lane
Silsden
Keighley
West Yorkshire
BD20 9HL





REGISTERED NUMBER: 11670355 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

KESTREL HOMES LIMITED (REGISTERED NUMBER: 11670355)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 39,242 37,323

CURRENT ASSETS
Stocks 215,254 770,100
Debtors 4 24,376 144
Cash at bank 260,170 6,365
499,800 776,609
CREDITORS
Amounts falling due within one year 5 133,099 550,588
NET CURRENT ASSETS 366,701 226,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,943

263,344

CREDITORS
Amounts falling due after more than
one year

6

(44,816

)

(62,436

)

PROVISIONS FOR LIABILITIES (6,998 ) (7,091 )
NET ASSETS 354,129 193,817

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 354,029 193,717
354,129 193,817

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.

KESTREL HOMES LIMITED (REGISTERED NUMBER: 11670355)

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 29 August 2024 and were signed on its behalf by:





Janet Ann Garrod - Director


KESTREL HOMES LIMITED (REGISTERED NUMBER: 11670355)

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

1. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS AND WORK IN PROGRESS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

KESTREL HOMES LIMITED (REGISTERED NUMBER: 11670355)

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

1. ACCOUNTING POLICIES - continued

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 - 2,600 50,658 53,258
Additions 15,000 - - 15,000
At 30 November 2023 15,000 2,600 50,658 68,258
DEPRECIATION
At 1 December 2022 - 1,778 14,157 15,935
Charge for year 3,750 206 9,125 13,081
At 30 November 2023 3,750 1,984 23,282 29,016
NET BOOK VALUE
At 30 November 2023 11,250 616 27,376 39,242
At 30 November 2022 - 822 36,501 37,323

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 24,376 144

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 10,000 10,000
Hire purchase contracts 7,620 6,663
Taxation and social security 13,535 50,423
Other creditors 101,944 483,502
133,099 550,588

KESTREL HOMES LIMITED (REGISTERED NUMBER: 11670355)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 29,816 37,436
44,816 62,436

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 25,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 25,000 35,000

The company has a bounce back loan of £25,000 (2022: £35,000) which is unsecured but it is supported by a government guarantee.

8. PENSION COMMITMENTS

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £638 (2022: £699).Contributions totalling £104 (2022: £Nil) were payable to the plan at the year end and are included in creditors.