Registered number
10983995
NW Homes Management Limited
Filleted Accounts
30 September 2023
NW Homes Management Limited
Registered number: 10983995
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Stocks 1,561,086 -
Debtors 3 750 309,166
Cash at bank and in hand 79,546 5
1,641,382 309,171
Creditors: amounts falling due within one year 4 (979,225) (40,364)
Net current assets 662,157 268,807
Total assets less current liabilities 662,157 268,807
Creditors: amounts falling due after more than one year 5 (401,999) -
Net assets 260,158 268,807
Capital and reserves
Called up share capital 1 1
Profit and loss account 260,157 268,806
Shareholder's funds 260,158 268,807
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Defina
Director
Approved by the board on 23 September 2024
NW Homes Management Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, Turnover includes revenue earned from the sale of property. Turnover from the sale of property is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 309,166
Other debtors 750 -
750 309,166
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 931,114 -
Taxation and social security costs 46,012 40,364
Other creditors 2,099 -
979,225 40,364
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 401,999 -
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 401,999 -
The loan is secured by a fixed charge on property inculded in stock at the year end.
7 Controlling party
The name of the ultimate parent company is NW Homes Limited, a company incorporated in England and Wales and the ultimate controlling party is N Defina and W A Khera acting together.
8 Other information
NW Homes Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Fides House
10 Chertsey Road
Woking
Surrey
GU21 5AB
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