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REGISTERED NUMBER: 03377654 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

S B Homes Ltd.

S B Homes Ltd. (Registered number: 03377654)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


S B Homes Ltd.

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr S G Byram
Miss S C Byram
Mrs R J Byram





SECRETARY: Mrs R J Byram





REGISTERED OFFICE: Empire House Lewisham Road
Slaithwaite
Huddersfield
HD7 5AL





REGISTERED NUMBER: 03377654 (England and Wales)





ACCOUNTANTS: Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
S B Homes Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S B Homes Ltd. for the year ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of S B Homes Ltd., 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 S B Homes Ltd. and state those matters that we have agreed to state to the Board of Directors of S B Homes Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S B Homes Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that S B Homes Ltd. 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 S B Homes Ltd.. You consider that S B Homes Ltd. 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 S B Homes Ltd.. 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.






Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT


27 August 2024

S B Homes Ltd. (Registered number: 03377654)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 283,818 196,777

CURRENT ASSETS
Stocks 1,866,550 1,566,438
Debtors 5 2,485,043 2,212,152
Cash at bank 75,577 275,086
4,427,170 4,053,676
CREDITORS
Amounts falling due within one year 6 276,554 203,112
NET CURRENT ASSETS 4,150,616 3,850,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,434,434

4,047,341

PROVISIONS FOR LIABILITIES 47,984 47,984
NET ASSETS 4,386,450 3,999,357

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 4,386,350 3,999,257
4,386,450 3,999,357

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.

S B Homes Ltd. (Registered number: 03377654)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mr S G Byram - Director


S B Homes Ltd. (Registered number: 03377654)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

S B 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.

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 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

S B Homes Ltd. (Registered number: 03377654)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 295,889 132,951 428,840
Additions 65,799 92,073 157,872
At 30 November 2023 361,688 225,024 586,712
DEPRECIATION
At 1 December 2022 169,577 62,486 232,063
Charge for year 42,748 28,083 70,831
At 30 November 2023 212,325 90,569 302,894
NET BOOK VALUE
At 30 November 2023 149,363 134,455 283,818
At 30 November 2022 126,312 70,465 196,777

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 230,012 117,669
Other debtors 2,255,031 2,094,483
2,485,043 2,212,152

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 229,967 91,221
Taxation and social security 10,558 7,323
Other creditors 36,029 104,568
276,554 203,112

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 3,411 3,254
Between one and five years 6,821 -
10,232 3,254

8. CONTINGENT LIABILITIES

The company at 30th November 2023 has a guarantee of £30,000 to HSBC Bank Plc. The guarantee is in respect of the site at Clough Lea. The amount of £30,000 is included in a separate bank account with HSBC that is included within cash at bank and in hand.

S B Homes Ltd. (Registered number: 03377654)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.11.23 30.11.22
£    £   
Mr S G Byram
Balance outstanding at start of year 64,034 20,431
Amounts advanced 35,260 43,603
Amounts repaid (115,023 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (15,729 ) 64,034

10. RELATED PARTY DISCLOSURES

At 30th November 2023 the company was owed £2,126,740 (2022: £1,878,809) by companies under common control, which is included in debtors.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S G Byram.