Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2Construction of domestic buildings2022-12-012falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12988728 2022-12-01 2023-11-30 12988728 2021-12-01 2022-11-30 12988728 2023-11-30 12988728 2022-11-30 12988728 c:Director2 2022-12-01 2023-11-30 12988728 d:CurrentFinancialInstruments 2023-11-30 12988728 d:CurrentFinancialInstruments 2022-11-30 12988728 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12988728 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12988728 d:ShareCapital 2023-11-30 12988728 d:ShareCapital 2022-11-30 12988728 d:RetainedEarningsAccumulatedLosses 2023-11-30 12988728 d:RetainedEarningsAccumulatedLosses 2022-11-30 12988728 c:FRS102 2022-12-01 2023-11-30 12988728 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12988728 c:FullAccounts 2022-12-01 2023-11-30 12988728 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12988728 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 12988728










EGLI HOMES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
EGLI HOMES LIMITED
REGISTERED NUMBER: 12988728

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
1,265,769
723,647

Debtors: amounts falling due within one year
 4 
22,652
2,056

Cash at bank and in hand
  
120,853
11,210

  
1,409,274
736,913

Creditors: amounts falling due within one year
 5 
(1,417,094)
(739,334)

Net current liabilities
  
 
 
(7,820)
 
 
(2,421)

Total assets less current liabilities
  
(7,820)
(2,421)

  

Net liabilities
  
(7,820)
(2,421)


Capital and reserves
  

Called up share capital 
  
600
600

Profit and loss account
  
(8,420)
(3,021)

  
(7,820)
(2,421)


Page 1

 
EGLI HOMES LIMITED
REGISTERED NUMBER: 12988728
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




G D Miller
Director

Date: 30 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
EGLI HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Egli Homes Limited is a private company, limited by shares, incorporated in England and Wales in the United Kingdom. The address of the registered office is 23 West Street, West Malling, England, ME19 6QX. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company's balance sheet shows a net current liabilities position at the balance sheet date.  This is due to the Company being in the early stages of its life cycle.  The directors will continue to support the Company during this time and have confirmed that any loans will not become due for repayment until such time as the Company has the funds to repay them.  As such, the directors believe it correct to prepare the accounts on a going concern basis.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
EGLI HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Work in progress consists of unbilled amounts of work done on long term contracts. 

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
EGLI HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
EGLI HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
19,059
2,056

Prepayments and accrued income
787
-

Deferred taxation
2,806
-

22,652
2,056



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
30,730
-

Other creditors
1,384,670
737,680

Accruals and deferred income
1,694
1,654

1,417,094
739,334


 
Page 6