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REGISTERED NUMBER: 11113600 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

MODERN HOMES DESIGN LTD

MODERN HOMES DESIGN LTD (Registered number: 11113600)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MODERN HOMES DESIGN LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Thomas Field
Mr Paul King





REGISTERED OFFICE: 8 Crump Street
Parliament square
Liverpool
Merseyside
L1 0DS





REGISTERED NUMBER: 11113600 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

MODERN HOMES DESIGN LTD (Registered number: 11113600)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 1,303,719 1,064,692
Cash at bank and in hand 218,949 8,368
1,522,668 1,073,060
CREDITORS
Amounts falling due within one year 5 2,270,162 1,800,721
NET CURRENT LIABILITIES (747,494 ) (727,661 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(747,494

)

(727,661

)

CREDITORS
Amounts falling due after more than
one year

6

18,441

15,385
NET LIABILITIES (765,935 ) (743,046 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (766,135 ) (743,246 )
(765,935 ) (743,046 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

MODERN HOMES DESIGN LTD (Registered number: 11113600)

Balance Sheet - continued
31 December 2023


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 25 September 2024 and were signed on its behalf by:





Mr Thomas Field - Director


MODERN HOMES DESIGN LTD (Registered number: 11113600)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

MODERN HOMES DESIGN LTD is a private company, limited by shares , 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 is measured at the fair value of the amounts derived from the services provided by the company falling within its ordinary activities, excluding discounts, rebates, value added tax and other sales taxes.

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.

Going concern
The directors state that the accounts have been prepared on the going concern basis. The directors have funded the business personally during its initial trading period; during which the company incurred a large amount of the initial cost of sales expenses.

It is expected that the company will be profit making after this accounting period and will be self-sustainable.

MODERN HOMES DESIGN LTD (Registered number: 11113600)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1,303,719 1,064,692

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 727,892 940,884
Trade creditors 192,935 258,138
Taxation and social security 167,948 163,668
Other creditors 1,181,387 438,031
2,270,162 1,800,721

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 18,441 15,385

7. GOING CONCERN

The directors state that the accounts have been prepared on the going concern basis. The directors have funded the business personally during its initial trading period; during which the company incurred large a number of costs towards the property developments.

The profits raised on the completion of the sale of the property developments were realised in January 2022.