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REGISTERED NUMBER: 09838909 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

HALSBURY HOMES (EAST ANGLIA) SGP LIMITED

HALSBURY HOMES (EAST ANGLIA) SGP LIMITED (REGISTERED NUMBER: 09838909)

ABRIDGED BALANCE SHEET
30 September 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 235,435 859,968
Debtors - 22,000
Cash at bank 45 157,751
235,480 1,039,719
CREDITORS
Amounts falling due within one year 2,772,106 5,552,869
NET CURRENT LIABILITIES (2,536,626 ) (4,513,150 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,536,626

)

(4,513,150

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,536,726 ) (4,513,250 )
SHAREHOLDERS' FUNDS (2,536,626 ) (4,513,150 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

HALSBURY HOMES (EAST ANGLIA) SGP LIMITED (REGISTERED NUMBER: 09838909)

ABRIDGED BALANCE SHEET - continued
30 September 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 Balance sheet for the year ended 30 September 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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





P P Jeans - Director


HALSBURY HOMES (EAST ANGLIA) SGP LIMITED (REGISTERED NUMBER: 09838909)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Halsbury Homes (East Anglia) SGP Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09838909 and the registered office is Seymour House, Little Money Road, Loddon, Norwich, NR14 6JD. The presentation currency of the financial statements is 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.

Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the continued support of the company's creditors and shareholder. The directors are of the opinion that this support will continue over the next 12 months and therefore believe that it is appropriate for the financial statement to be prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
The company has acquired land with a view to sale once planning permission has been obtained. Land in the course of obtaining planning permission for development, is initially recorded at the lower of cost and net realisable value. Regular reviews are completed for impairment in the value and provisions made accordingly to reflect loss of value. Land without the benefit of planning consent, either through purchase of freehold land or non refundable deposits paid on land purchase contracts subject to planning consent, are capitalised initially at cost. Regular reviews are completed for impairment in the value of these investments, and provision made to reflect any irrecoverable element. The impairment reviews consider the existing use value of the land and assesses the likelihood of achieving planning consent and the value thereof.

Inventories are initially stated at cost and then held at the lower of this initial amount and net realisable value. Costs comprise direct materials and those overheads that have been incurred in bringing the inventories to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

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.


HALSBURY HOMES (EAST ANGLIA) SGP LIMITED (REGISTERED NUMBER: 09838909)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. SECURED DEBTS

An amount of £2,772,001 (2022: £4,061,979) has been secured against the company's freehold property and work in progress held in stock.

5. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.