REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 APRIL 2022 TO 30 SEPTEMBER 2023 |
FOR |
HALSBURY HOMES (SPROWSTON) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 APRIL 2022 TO 30 SEPTEMBER 2023 |
FOR |
HALSBURY HOMES (SPROWSTON) LIMITED |
HALSBURY HOMES (SPROWSTON) LIMITED (REGISTERED NUMBER: 11507586) |
ABRIDGED BALANCE SHEET |
30 September 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
HALSBURY HOMES (SPROWSTON) LIMITED (REGISTERED NUMBER: 11507586) |
ABRIDGED BALANCE SHEET - continued |
30 September 2023 |
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 |
HALSBURY HOMES (SPROWSTON) LIMITED (REGISTERED NUMBER: 11507586) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 April 2022 to 30 September 2023 |
1. | STATUTORY INFORMATION |
Halsbury Homes (Sprowston) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11507586 and the registered office is Seymour House, Little Money Road, Loddon, Norwich Norfolk, NR14 6JD. The presentation currency of the financial statements is sterling. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements report on the 18 month period ended 30 September 2023. The comparatives are not entirely comparable as they report on the 12 month period ended 31 March 2022,. The company's financial year end was changed for commercial reasons. |
Preparation of consolidated financial statements |
The financial statements contain information about Halsbury Homes (Sprowston) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Going concern |
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the company's creditors and shareholder. The directors are of the opinion that this support will continue over the next 12 months and therefore believe that it is appropriate for the financial statement to be prepared on the going concern basis. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Stocks and work in progress |
Development costs and options in the course of obtaining planning permission for development, are initially recorded at the lower of cost and net realisable value. Regular reviews are completed for impairment in the value of these and provisions made accordingly to reflect loss of value. The impairment reviews consider the period elapsed since the date of purchase of the option given that the option contract has not been exercised at the review date. Further, the impairment reviews consider the remaining life of the option, taking account of the concerns over whether the remaining time available will allow successful exercise of the option. |
Cash and cash equivalents |
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
HALSBURY HOMES (SPROWSTON) LIMITED (REGISTERED NUMBER: 11507586) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 April 2022 to 30 September 2023 |
2. | ACCOUNTING POLICIES - continued |
Trade creditors |
Trade creditors are obligations to pay for goods or services, including retentions, that have been acquired in the ordinary course of business from suppliers. |
Borrowings |
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. |
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. |
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
The company's investments at the Balance sheet date in the share capital of companies include the following: |
Registered office: Seymour House, Little Money Road, Loddon, Norwich, NR14 6JD |
Nature of business: |
% |
Class of shares: | holding |
5. | SECURED DEBTS |
Creditors include an amount of £24,141,641 (2022: £17,286,439) for which security has been given against the company's freehold property held in stock. |