IRIS Accounts Production v24.2.0.383 08106899 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081068992023-03-31081068992024-03-31081068992023-04-012024-03-31081068992022-03-31081068992022-04-012023-03-31081068992023-03-3108106899ns15:EnglandWales2023-04-012024-03-3108106899ns14:PoundSterling2023-04-012024-03-3108106899ns10:Director12023-04-012024-03-3108106899ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108106899ns10:SmallEntities2023-04-012024-03-3108106899ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108106899ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108106899ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108106899ns10:FullAccounts2023-04-012024-03-3108106899ns10:RegisteredOffice2023-04-012024-03-3108106899ns5:CurrentFinancialInstruments2024-03-3108106899ns5:CurrentFinancialInstruments2023-03-3108106899ns5:Non-currentFinancialInstruments2024-03-3108106899ns5:Non-currentFinancialInstruments2023-03-3108106899ns5:ShareCapital2024-03-3108106899ns5:ShareCapital2023-03-3108106899ns5:RetainedEarningsAccumulatedLosses2024-03-3108106899ns5:RetainedEarningsAccumulatedLosses2023-03-3108106899ns5:PlantMachinery2023-04-012024-03-3108106899ns5:PlantMachinery2023-03-3108106899ns5:PlantMachinery2024-03-3108106899ns5:PlantMachinery2023-03-3108106899ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3108106899ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3108106899ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3108106899ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3108106899ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108106899ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31081068991ns10:Director12023-03-31081068991ns10:Director12022-03-31081068991ns10:Director12023-04-012024-03-31081068991ns10:Director12022-04-012023-03-31081068991ns10:Director12024-03-31081068991ns10:Director12023-03-31
REGISTERED NUMBER: 08106899 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Homebuilder (Scarborough) Limited

Homebuilder (Scarborough) Limited (Registered number: 08106899)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Homebuilder (Scarborough) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr N Sheader





REGISTERED OFFICE: Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 08106899 (England and Wales)





ACCOUNTANTS: Asquith Accountants Limited
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Homebuilder (Scarborough) Limited (Registered number: 08106899)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,741 35,626

CURRENT ASSETS
Stocks 61,048 -
Debtors 5 73,349 57,206
Cash at bank 20,585 13,747
154,982 70,953
CREDITORS
Amounts falling due within one year 6 137,870 87,236
NET CURRENT ASSETS/(LIABILITIES) 17,112 (16,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,853

19,343

CREDITORS
Amounts falling due after more than one
year

7

(41,744

)

(40,560

)

PROVISIONS FOR LIABILITIES (18,137 ) (5,228 )
NET ASSETS/(LIABILITIES) 34,972 (26,445 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,872 (26,545 )
SHAREHOLDERS' FUNDS 34,972 (26,445 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Homebuilder (Scarborough) Limited (Registered number: 08106899)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 24 September 2024 and were signed by:





Mr N Sheader - Director


Homebuilder (Scarborough) Limited (Registered number: 08106899)

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

1. STATUTORY INFORMATION

Homebuilder (Scarborough) 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Homebuilder (Scarborough) Limited (Registered number: 08106899)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 87,696
Additions 71,312
Disposals (17,842 )
At 31 March 2024 141,166
DEPRECIATION
At 1 April 2023 52,070
Charge for year 21,669
Eliminated on disposal (10,314 )
At 31 March 2024 63,425
NET BOOK VALUE
At 31 March 2024 77,741
At 31 March 2023 35,626

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 53,098
Additions 44,001
Disposals (17,842 )
At 31 March 2024 79,257
DEPRECIATION
At 1 April 2023 28,448
Charge for year 15,280
Eliminated on disposal (10,314 )
At 31 March 2024 33,414
NET BOOK VALUE
At 31 March 2024 45,843
At 31 March 2023 24,650

Homebuilder (Scarborough) Limited (Registered number: 08106899)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,997 19,662
Other debtors 69,352 37,544
73,349 57,206

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,998 17,631
Hire purchase contracts 11,664 7,613
Trade creditors 86,645 47,156
Taxation and social security 25,450 10,368
Other creditors 4,113 4,468
137,870 87,236

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,556 22,402
Hire purchase contracts 29,188 18,158
41,744 40,560

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr N Sheader
Balance outstanding at start of year 37,403 4,435
Amounts advanced 85,340 40,428
Amounts repaid (74,402 ) (7,460 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,341 37,403