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REGISTERED NUMBER: 07261140 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Archway Homes Ltd

Archway Homes Ltd (Registered number: 07261140)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Archway Homes Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: P L Pedley OBE
A V Pedley
H Bunkell
G Bancroft





SECRETARY: C R Cooper





REGISTERED OFFICE: The East Barn Hollowmoor Heath
Great Barrow
Chester
Cheshire
CH3 7LF





REGISTERED NUMBER: 07261140 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Archway Homes Ltd (Registered number: 07261140)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,348 79,069

CURRENT ASSETS
Stocks 5,315,238 4,942,837
Debtors 5 28,007 35,149
Cash at bank 79,557 314,384
5,422,802 5,292,370
CREDITORS
Amounts falling due within one year 6 5,335,701 4,964,876
NET CURRENT ASSETS 87,101 327,494
TOTAL ASSETS LESS CURRENT LIABILITIES 124,449 406,563

PROVISIONS FOR LIABILITIES 8,752 19,145
NET ASSETS 115,697 387,418

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 103,697 375,418
SHAREHOLDERS' FUNDS 115,697 387,418

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

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

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 20 September 2024 and were signed on its behalf by:





P L Pedley OBE - Director


Archway Homes Ltd (Registered number: 07261140)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Archway Homes Ltd 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 from housing sales is recognised when transactions have legally completed.

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 - 25% on reducing balance
Motor vehicles - 25% on cost

Tangible fixed assets are included at cost less accumulated depreciation.

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.

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 12 (2023 - 14 ) .

Archway Homes Ltd (Registered number: 07261140)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 58,233 106,880 165,113
Disposals - (53,290 ) (53,290 )
At 31 May 2024 58,233 53,590 111,823
DEPRECIATION
At 1 June 2023 38,951 47,093 86,044
Charge for year 4,821 15,008 19,829
Eliminated on disposal - (31,398 ) (31,398 )
At 31 May 2024 43,772 30,703 74,475
NET BOOK VALUE
At 31 May 2024 14,461 22,887 37,348
At 31 May 2023 19,282 59,787 79,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 28,007 35,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 173,067 193,514
Amounts owed to group undertakings 4,975,000 4,425,000
Taxation and social security 55,175 116,377
Other creditors 132,459 229,985
5,335,701 4,964,876

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Owed to group undertaking 4,975,000 4,425,000

8. RELATED PARTY DISCLOSURES

Other creditors also includes an amount of £4,975,000 (2023 £4,425,000) owed to Archway Holdings Ltd. This loan is secured with a fixed and floating charge on the company's assets, and is repayable on demand. Interest was charged in the year of £150,050 (2023 £151,938).

Dividends of £400,000 (2023 £500,000) were paid to the company's parent company, Archway Holdings Ltd during the year.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Archway Holdings Ltd, a company incorporated in England and Wales.

The company is controlled by P L and A Pedley, the directors of the company, together with members of their close family by virtue of owning the majority of the issued share capital of Archway Holdings Ltd.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Archway Homes Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Archway Homes Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Archway Homes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Archway Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Archway Homes Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Archway Homes Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Archway Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Archway Homes Ltd. You consider that Archway Homes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Archway Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY


20 September 2024