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REGISTERED NUMBER: 05586255 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PARTRIDGE HOMES (COTSWOLDS) LIMITED

PARTRIDGE HOMES (COTSWOLDS) LIMITED (REGISTERED NUMBER: 05586255)






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


PARTRIDGE HOMES (COTSWOLDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr I J Hitchings
Mr W E Partridge





SECRETARY: Mr I J Hitchings





REGISTERED OFFICE: Holly Croft
Cirencester Road
Chalford
Stroud
Gloucestershire
GL6 8PE





REGISTERED NUMBER: 05586255 (England and Wales)





ACCOUNTANTS: Shiner Mitchell Fisher & Co Ltd
Smith House
George Street
Nailsworth
Stroud
Gloucestershire
GL6 0AG

PARTRIDGE HOMES (COTSWOLDS) LIMITED (REGISTERED NUMBER: 05586255)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,095 4,831

CURRENT ASSETS
Stocks 617,788 947,745
Debtors 5 22,563 32,196
Cash at bank 756,120 124,013
1,396,471 1,103,954
CREDITORS
Amounts falling due within one year 6 267,817 104,767
NET CURRENT ASSETS 1,128,654 999,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,131,749

1,004,018

CREDITORS
Amounts falling due after more than one
year

7

729,499

435,877
NET ASSETS 402,250 568,141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 402,150 568,041
SHAREHOLDERS' FUNDS 402,250 568,141

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.

PARTRIDGE HOMES (COTSWOLDS) LIMITED (REGISTERED NUMBER: 05586255)

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 10 April 2024 and were signed on its behalf by:




Mr I J Hitchings - Director



Mr W E Partridge - Director


PARTRIDGE HOMES (COTSWOLDS) LIMITED (REGISTERED NUMBER: 05586255)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Partridge Homes (Cotswolds) Limited 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 consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

PARTRIDGE HOMES (COTSWOLDS) LIMITED (REGISTERED NUMBER: 05586255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 21,787
Additions 374
At 31 December 2023 22,161
DEPRECIATION
At 1 January 2023 16,956
Charge for year 2,110
At 31 December 2023 19,066
NET BOOK VALUE
At 31 December 2023 3,095
At 31 December 2022 4,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Sundry debtors 22,563 32,196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 56,627 66,895
Taxation and social security 22,292 19,420
Other creditors 188,898 18,452
267,817 104,767

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Loans 729,499 435,877

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 18,915 -
Between one and five years - 39,265
18,915 39,265

PARTRIDGE HOMES (COTSWOLDS) LIMITED (REGISTERED NUMBER: 05586255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. RELATED PARTY DISCLOSURES

During the period the directors made interest free unsecured loans to the company. The balance due to the directors at 31 December 2023 was £596,652 (2022 - £134,045).

10. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by its directors.