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REGISTERED NUMBER: 05370010 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HOUSE OF BUILDING LIMITED

HOUSE OF BUILDING LIMITED (REGISTERED NUMBER: 05370010)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOUSE OF BUILDING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr D Mizon
Mr J A Brauer-Jones





REGISTERED OFFICE: 3-5 Church Street
Reigate
Surrey
RH2 0AA





REGISTERED NUMBER: 05370010 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

HOUSE OF BUILDING LIMITED (REGISTERED NUMBER: 05370010)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,920 47,943

CURRENT ASSETS
Stocks 144,514 74,524
Debtors 5 300,419 152,505
Cash at bank and in hand 302,635 1,132,038
747,568 1,359,067
CREDITORS
Amounts falling due within one year 6 694,738 492,410
NET CURRENT ASSETS 52,830 866,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,750

914,600

CREDITORS
Amounts falling due after more than one
year

7

45,207

110,259
NET ASSETS 65,543 804,341

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 65,143 803,941
65,543 804,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:




Mr D Mizon - Director


HOUSE OF BUILDING LIMITED (REGISTERED NUMBER: 05370010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

House of Building Limited 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.

Critical accounting judgements and key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:

Provision for bad or doubtful debts
A provision for bad and doubtful debts is established where it is estimated that trade or other debtors are not fully recoverable. When assessing recoverability the Directors consider factors such as the ageing of the receivables, past experience of recoverrability, and the credit profile off individual or groups of debtors.

Impairment of fixed assets
Determine whether there are indicators of impairment of the company's fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issued such as future market conditions, the remaining life of the asset and projected disposal values.

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

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.

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.

HOUSE OF BUILDING LIMITED (REGISTERED NUMBER: 05370010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 11,900 13,467 52,588 77,955
Additions - 38,720 - 38,720
Disposals - - (28,500 ) (28,500 )
At 31 March 2024 11,900 52,187 24,088 88,175
DEPRECIATION
At 1 April 2023 2,231 7,415 20,366 30,012
Charge for year 2,417 7,583 4,493 14,493
Eliminated on disposal - - (14,250 ) (14,250 )
At 31 March 2024 4,648 14,998 10,609 30,255
NET BOOK VALUE
At 31 March 2024 7,252 37,189 13,479 57,920
At 31 March 2023 9,669 6,052 32,222 47,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 177,987 131,959
Amounts owed by associates 40,617 12,384
Directors' current accounts 30,199 -
Prepayments and accrued income 51,616 8,162
300,419 152,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 65,052 61,886
Trade creditors 294,310 170,042
Amounts owed to associates - 17,261
Tax 95,412 65,527
Social security and other taxes 25,719 19,448
VAT 154,500 117,314
Other creditors 16,671 1,301
Directors' current accounts 8,588 14,638
Accruals and deferred income 34,486 24,993
694,738 492,410

HOUSE OF BUILDING LIMITED (REGISTERED NUMBER: 05370010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 45,207 65,052
Bank loans - 2-5 years - 45,207
45,207 110,259

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 17,147 1,275
In more than five years 76,584 109,731
93,731 111,006

9. RELATED PARTY DISCLOSURES

During the year the company provided a loan to D Mizon, a director of the company of £33,199 at the year end the balance outstanding is £30,199 (2023: owed to D Mizon £3,000).

At the year end the company was owed £25,664 (2023: £12,384) from House of Energy Limited and £14,952 (2023: £17,261) from Empty Developments Limited, both companies have a director and shareholder connected with this company.