Thomas Alexander Homes (Yorkshire) Limited 13761412 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true true false false 13761412 2023-04-01 2024-03-31 13761412 2024-03-31 13761412 core:RetainedEarningsAccumulatedLosses 2024-03-31 13761412 core:ShareCapital 2024-03-31 13761412 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13761412 core:AdditionsToInvestments 2024-03-31 13761412 core:CostValuation 2024-03-31 13761412 bus:SmallEntities 2023-04-01 2024-03-31 13761412 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13761412 bus:FullAccounts 2023-04-01 2024-03-31 13761412 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13761412 bus:RegisteredOffice 2023-04-01 2024-03-31 13761412 bus:Director2 2023-04-01 2024-03-31 13761412 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13761412 1 2023-04-01 2024-03-31 13761412 countries:EnglandWales 2023-04-01 2024-03-31 13761412 core:CostValuation 2023-03-31 13761412 2021-11-23 2023-03-31 13761412 2023-03-31 13761412 core:RetainedEarningsAccumulatedLosses 2023-03-31 13761412 core:ShareCapital 2023-03-31 13761412 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13761412

Thomas Alexander Homes (Yorkshire) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

(Registration number: 13761412)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

9

8

Current assets

 

Debtors (including £8,307,141 (2023: £2,987,071) due after one year)

5

11,666,375

4,363,420

Cash at bank and in hand

 

403

9,227

 

11,666,778

4,372,647

Creditors: Amounts falling due within one year

6

(11,726,918)

(4,458,220)

Net current liabilities

 

(60,140)

(85,573)

Net liabilities

 

(60,131)

(85,565)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(60,231)

(85,665)

Shareholders' deficit

 

(60,131)

(85,565)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
Ms JE Ismail
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
M5 4ZG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent, qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group..

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by its parent companies. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Investments

2024
£

2023
£

Investments in subsidiaries

9

8

Subsidiaries

£

Cost or valuation

At 1 April 2023

8

Additions

1

At 31 March 2024

9

Carrying amount

At 31 March 2024

9

At 31 March 2023

8

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the group holds 20% or more of the nominal value of any class of share capital are as follows:

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Undertaking

Holding

Proportion of voting rights and shares held

Principal Activity

Subsidiary undertaking

2024

2023

Thomas Alexander Homes (Yorkshire) Limited

Ordinary

100%

100%

Development of building projects

Thomas Alexander Homes Construction Limited

Ordinary

100%

100%

Development of building projects

Thomas Alexander Homes SPV 1 Limited

Ordinary

100%

100%

Development of building projects

Thomas Alexander Homes SPV 2 Limited

Ordinary

100%

100%

Development of building projects

Thomas Alexander Homes SPV 3 Limited

Ordinary

100%

100%

Development of building projects

Thomas Alexander Homes SPV 4 Limited

Ordinary

100%

100%

Development of building projects

Thomas Alexander Homes SPV 5 Limited

Ordinary

100%

100%

Development of building projects

Thomas Alexander Homes SPV 6 Limited

Ordinary

100%

100%

Development of building projects

Thomas Alexander Homes SPV 7 Limited

Ordinary

100%

100%

Development of building projects

Thomas Alexander Homes SPV 8 Limited

Ordinary

100%

-

Development of building projects


 

All companies listed above hold the registered office of:
Unit 2 Block C
14 Hulme Street
Salford
Greater Manchester
England
M5 4ZG

 

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by group undertakings

10,484,468

4,143,631

Prepayments

 

1,181,857

219,728

Other debtors

 

50

61

   

11,666,375

4,363,420

Details of non-current trade and other debtors

£8,307,141 (2023 -£2,987,071) of 'Owed by group undertakings' is classified as non current.

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

 

Owed to related parties

10,536,021

4,200,615

Accruals and deferred income

 

1,190,897

257,605

 

11,726,918

4,458,220

Included within Owed to related parties £10,536,021 (2023: £4,200,615) is in relation to a loan which is secured by a first legal mortgage dated 1 September 2022, 24 November 2022 and 30 May 2023 by Salboy Partnerships Limited, securing any monies due to them.

The legal mortgages created a fixed and floating charge over the company’s freehold or leasehold property as well as the properties owned by Thomas Alexander Homes SPV 3 Limited, ‘Minskip Road, Staveley, Knaresborough, Harrogate’ which is owned by Thomas Alexander Homes SPV 2 Limited, and ‘Bratterton Manor Estate, Boroughbridge Road, York’ which is owned by Thomas Alexander Homes SPV 1 Limited. As well as the above, a floating charge over all the property or undertakings of the company.

7

Parent and ultimate parent undertaking

The company is owned by Salboy Partnerships Limited, Alexander Blease and Thomas Blease who between them own 100% of the issued share capital. In the opinion of the directors there is no ultimate controlling party.

Salboy Partnerships Limited is a company incorporated in England and Wales, company number 13626842, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.

The ultimate parent company of Salboy Partnerships Limited is Salboy Limited, incorporated in England and Wales, company number 09123542, registered office Unit 2 Block C, 14 Hulme Street, Salford, Greater Manchester, England, M5 4ZG.