Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 March 2024 31 March 2024 08377689 Mrs Louise Dolan Mr Martin Dolan Mrs Louise Dolan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08377689 2023-01-31 08377689 2024-03-31 08377689 2023-02-01 2024-03-31 08377689 frs-core:CurrentFinancialInstruments 2024-03-31 08377689 frs-core:Non-currentFinancialInstruments 2024-03-31 08377689 frs-core:ComputerEquipment 2024-03-31 08377689 frs-core:ComputerEquipment 2023-02-01 2024-03-31 08377689 frs-core:ComputerEquipment 2023-01-31 08377689 frs-core:ShareCapital 2024-03-31 08377689 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08377689 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 08377689 frs-bus:FilletedAccounts 2023-02-01 2024-03-31 08377689 frs-bus:SmallEntities 2023-02-01 2024-03-31 08377689 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-03-31 08377689 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-03-31 08377689 frs-bus:Director1 2023-02-01 2024-03-31 08377689 frs-bus:Director2 2023-02-01 2024-03-31 08377689 frs-bus:CompanySecretary1 2023-02-01 2024-03-31 08377689 frs-countries:EnglandWales 2023-02-01 2024-03-31 08377689 2022-01-31 08377689 2023-01-31 08377689 2022-02-01 2023-01-31 08377689 frs-core:CurrentFinancialInstruments 2023-01-31 08377689 frs-core:Non-currentFinancialInstruments 2023-01-31 08377689 frs-core:ShareCapital 2023-01-31 08377689 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08377689
D B Homes Lincoln Ltd
Unaudited Financial Statements
For the Period 1 February 2023 to 31 March 2024
Mumby Heppenstall
Chartered Accountants
Wellingore Hall
Wellingore
Lincoln
LN5 0HX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08377689
31 March 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 580 720
Investment Properties 5 345,000 345,000
345,580 345,720
CURRENT ASSETS
Stocks 6 234,206 106,734
Debtors 7 25,000 150,000
Cash at bank and in hand 1,532 8,218
260,738 264,952
Creditors: Amounts Falling Due Within One Year 8 (137,562 ) (143,062 )
NET CURRENT ASSETS (LIABILITIES) 123,176 121,890
TOTAL ASSETS LESS CURRENT LIABILITIES 468,756 467,610
Creditors: Amounts Falling Due After More Than One Year 9 (484,607 ) (484,607 )
NET LIABILITIES (15,851 ) (16,997 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (15,853 ) (16,999 )
SHAREHOLDERS' FUNDS (15,851) (16,997)
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Dolan
Director
9th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D B Homes Lincoln Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08377689 . The registered office is 38a Lincoln Road, Skellingthorpe, Lincoln, LN6 5UU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on cost
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 830
As at 31 March 2024 830
Depreciation
As at 1 February 2023 110
Provided during the period 140
As at 31 March 2024 250
Net Book Value
As at 31 March 2024 580
As at 1 February 2023 720
5. Investment Property
31 March 2024
£
Fair Value
As at 1 February 2023 and 31 March 2024 345,000
Page 3
Page 4
6. Stocks
31 March 2024 31 January 2023
£ £
Work in progress 234,206 106,734
7. Debtors
31 March 2024 31 January 2023
£ £
Due within one year
Amounts owed by associates 25,000 150,000
8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 January 2023
£ £
Accruals and deferred income 480 480
Directors' loan accounts 137,082 142,582
137,562 143,062
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 January 2023
£ £
Bank loans 484,607 484,607
10. Share Capital
31 March 2024 31 January 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4