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REGISTERED NUMBER: 11743879 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Betterbuild Homes Limited

Betterbuild Homes Limited (Registered number: 11743879)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Betterbuild Homes Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: N Ellsmore





REGISTERED OFFICE: Lifecentral Church
Little Cornbow
Halesowen
B63 3AJ





REGISTERED NUMBER: 11743879 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Betterbuild Homes Limited (Registered number: 11743879)

Abridged Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,498 4,664

CURRENT ASSETS
Stocks 196,044 -
Debtors 375 120,898
Cash at bank 657 63,940
197,076 184,838
CREDITORS
Amounts falling due within one year 97,697 25,452
NET CURRENT ASSETS 99,379 159,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,877

164,050

CREDITORS
Amounts falling due after more than one
year

5

182,917

187,917
NET LIABILITIES (80,040 ) (23,867 )

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings (80,050 ) (23,877 )
SHAREHOLDERS' FUNDS (80,040 ) (23,867 )

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 director acknowledges his 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.

Betterbuild Homes Limited (Registered number: 11743879)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





N Ellsmore - Director


Betterbuild Homes Limited (Registered number: 11743879)

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

1. STATUTORY INFORMATION

Betterbuild Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Betterbuild Homes Limited (Registered number: 11743879)

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 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 11,054
DEPRECIATION
At 1 January 2023 6,390
Charge for year 1,166
At 31 December 2023 7,556
NET BOOK VALUE
At 31 December 2023 3,498
At 31 December 2022 4,664

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable by instalments
Banks loans more than 5 years
by instalments 12,917 17,917
12,917 17,917

6. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,000 5,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,000 5,000
Other loans - 1-2 years 150,000 150,000
155,000 155,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,000 15,000

Amounts falling due in more than five years:

Betterbuild Homes Limited (Registered number: 11743879)

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

6. LOANS - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Banks loans more than 5 years
by instalments 12,917 17,917
12,917 17,917

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10 Ordinary £1 10 10

8. RELATED PARTY DISCLOSURES

The director is also the director and controlling party of NJE Holdings Limited.

At the statement of financial position date within creditors is a balance amounting to £17,034 (2022: £17,034) due from the company to NJE Holdings Limited.