3
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-01-01
Sage Accounts Production Advanced 2023 - FRS102_2023
4,000
1,000
5,000
5,000
4,000
xbrli:pure
xbrli:shares
iso4217:GBP
5355540
2023-01-01
2023-12-31
5355540
2023-12-31
5355540
2022-12-31
5355540
2022-01-01
2022-12-31
5355540
2022-12-31
5355540
2021-12-31
5355540
bus:Director1
2023-01-01
2023-12-31
5355540
core:WithinOneYear
2023-12-31
5355540
core:WithinOneYear
2022-12-31
5355540
core:ShareCapital
2023-12-31
5355540
core:ShareCapital
2022-12-31
5355540
core:RetainedEarningsAccumulatedLosses
2023-12-31
5355540
core:RetainedEarningsAccumulatedLosses
2022-12-31
5355540
core:CostValuation
core:Non-currentFinancialInstruments
2022-12-31
5355540
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2023-12-31
5355540
core:CostValuation
core:Non-currentFinancialInstruments
2023-12-31
5355540
core:Non-currentFinancialInstruments
2023-12-31
5355540
core:Non-currentFinancialInstruments
2022-12-31
5355540
bus:SmallEntities
2023-01-01
2023-12-31
5355540
bus:AuditExempt-NoAccountantsReport
2023-01-01
2023-12-31
5355540
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
5355540
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
5355540
bus:FullAccounts
2023-01-01
2023-12-31
COMPANY REGISTRATION NUMBER:
5355540
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 December 2023
Fixed assets
Investments |
5 |
|
5,000 |
4,000 |
|
|
|
|
|
Current assets
Stocks |
3,609,632 |
|
5,696,921 |
Debtors |
6 |
5,789,995 |
|
3,638,893 |
Cash at bank and in hand |
36,383 |
|
16,506 |
|
------------ |
|
------------ |
|
9,436,010 |
|
9,352,320 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
7,304,140 |
|
7,220,580 |
|
------------ |
|
------------ |
Net current assets |
|
2,131,870 |
2,131,740 |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
2,136,870 |
2,135,740 |
|
|
------------ |
------------ |
Net assets |
|
2,136,870 |
2,135,740 |
|
|
------------ |
------------ |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
1,000 |
1,000 |
Profit and loss account |
|
2,135,870 |
2,134,740 |
|
|
------------ |
------------ |
Shareholder funds |
|
2,136,870 |
2,135,740 |
|
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
31 December 2023
These financial statements were approved by the
board of directors
and authorised for issue on
10 September 2024
, and are signed on behalf of the board by:
Company registration number:
5355540
Notes to the Financial Statements |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Carr Crofts Drive, Armley, Leeds, LS12 3AL.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors are confident that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents amounts receivable for goods and services provided in the normal course of business net of trade discounts and VAT. Turnover on house sales is recognised on legal completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Land and work in progress are valued at the lower of cost and net realisable value. Work in progress includes direct production costs, site overheads and professional charges.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2022:
3
).
5.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 January 2023 |
4,000 |
Additions |
1,000 |
|
------- |
At 31 December 2023 |
5,000 |
|
------- |
Impairment |
|
At 1 January 2023 and 31 December 2023 |
– |
|
------- |
|
|
Carrying amount |
|
At 31 December 2023 |
5,000 |
|
------- |
At 31 December 2022 |
4,000 |
|
------- |
|
|
The company owns 100% of the issued share capital of the companies listed below,
Rouse Homes Birkenshaw Limited
(House Builder)
Rouse Homes Flockton Limited
(House Builder)
Rouse Homes Tankersley Limited
(House Builder)
Rouse Homes Sharow Limited
(House Builder)
Rouse Lettings Limited
(Sales and Rentals of Properties)
All the above entities have the same registered office as
Rouse Homes Limited
.
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
8,532 |
300 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
5,773,567 |
3,607,741 |
Other debtors |
7,896 |
30,852 |
|
------------ |
------------ |
|
5,789,995 |
3,638,893 |
|
------------ |
------------ |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
164,139 |
492,875 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
2,124 |
2,168 |
Corporation tax |
265 |
679 |
Social security and other taxes |
115 |
9,180 |
Deposits received |
|
|
Other creditors |
7,136,497 |
6,705,678 |
|
------------ |
------------ |
|
7,304,140 |
7,220,580 |
|
------------ |
------------ |
|
|
|
8.
Directors' advances, credits and guarantees
The overdrawn directors current account to
Mr K Rouse
was repaid in full during the year. The maximum balance outstanding during the year was £15,541 (2022 £15,541).
9.
Related party transactions
During the year Rouse Homes Ltd traded with K Rouse Civil Engineers Ltd to the value of £2,542,438 (2022 £3,895,526) and the amount owed by Rouse Homes Ltd at 31 December 2023 was £4,591,371 (2022 £5,074,569). K Rouse Civil Engineers Ltd is owned and controlled by Mr K Rouse.
10.
Controlling party
The company was under the control of Mr K Rouse throughout the current and previous year.