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REGISTERED NUMBER: 01886948 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Windsor Homes Ltd

Windsor Homes Ltd (Registered number: 01886948)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Windsor Homes Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P J Francis
R P Francis
C I Francis





SECRETARY: P J Francis





REGISTERED OFFICE: 9 Kingswick House
Kingswick Drive
Sunninghill
Ascot
Berkshire
SL5 7BH





REGISTERED NUMBER: 01886948 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co Ltd
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Windsor Homes Ltd (Registered number: 01886948)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,365 35,431

CURRENT ASSETS
Stocks 3,179,886 2,242,439
Debtors 5 30,253 46,753
Cash at bank and in hand 357,030 1,665,000
3,567,169 3,954,192
CREDITORS
Amounts falling due within one year 6 214,518 235,751
NET CURRENT ASSETS 3,352,651 3,718,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,365,016

3,753,872

PROVISIONS FOR LIABILITIES 3,052 8,809
NET ASSETS 3,361,964 3,745,063

CAPITAL AND RESERVES
Called up share capital 800,000 800,000
Retained earnings 2,561,964 2,945,063
SHAREHOLDERS' FUNDS 3,361,964 3,745,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

Windsor Homes Ltd (Registered number: 01886948)

Balance Sheet - continued
30 June 2024


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 4 September 2024 and were signed on its behalf by:





R P Francis - Director


Windsor Homes Ltd (Registered number: 01886948)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Windsor Homes Ltd is a private company , 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 represents the amount derived from the sale of land, properties and building contracts. Turnover from building contracts is recognised on a stage of completion basis.

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 etc - 33% on cost and 25% on cost

Stocks
Property in the course of development (work in progress) is valued at the lower of direct cost and net realisable value. Direct cost comprises the cost of the land and development costs but excludes overheads and interest.

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

Windsor Homes Ltd (Registered number: 01886948)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 196,196
Additions 595
At 30 June 2024 196,791
DEPRECIATION
At 1 July 2023 160,765
Charge for year 23,661
At 30 June 2024 184,426
NET BOOK VALUE
At 30 June 2024 12,365
At 30 June 2023 35,431

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 30,253 46,753

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 72,645 40,360
Amounts owed to group undertakings 66,411 66,411
Taxation and social security 4,035 37,811
Other creditors 71,427 91,169
214,518 235,751

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 18,984 34,666

Windsor Homes Ltd (Registered number: 01886948)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. SECURED DEBTS

HSBC Bank plc and Svenska Handelsbanken AB hold fixed and floating charges covering all the property and undertakings of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2024 an amount of £1,943 (2023:£1,435) was owed by the director P J Francis. The amount was provided interest free and due on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P J Francis by virtue of his shareholding in the ultimate parent company.