Company Registration No. 13580253 (England and Wales)
SIGNANCE HOMES LTD
Unaudited accounts
for the year ended 31 July 2024
SIGNANCE HOMES LTD
Unaudited accounts
Contents
SIGNANCE HOMES LTD
Company Information
for the year ended 31 July 2024
Directors
Gemma Carver
Sharron Barlow
Company Number
13580253 (England and Wales)
Registered Office
71 - 75 SHELTON STREET
COVENT GARDENS
LONDON
WC2H 9JQ
ENGLAND
Accountants
SM Norman Accountancy Ltd
33 Havisham Close
Birchwood
Warrington
Cheshire
WA3 7NB
SIGNANCE HOMES LTD
Statement of financial position
as at 31 July 2024
Tangible assets
4,117
4,818
Investment property
160,000
150,000
Cash at bank and in hand
1,677
2,627
Creditors: amounts falling due within one year
(3,907)
(2,329)
Net current (liabilities)/assets
(1,469)
1,161
Total assets less current liabilities
162,648
155,979
Creditors: amounts falling due after more than one year
(148,249)
(154,064)
Provisions for liabilities
Deferred tax
(4,421)
(2,521)
Net assets/(liabilities)
9,978
(606)
Called up share capital
2
2
Fair value reserve
18,847
10,747
Profit and loss account
(8,871)
(11,355)
Shareholders' funds
9,978
(606)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by
Gemma Carver
Director
Company Registration No. 13580253
SIGNANCE HOMES LTD
Notes to the Accounts
for the year ended 31 July 2024
SIGNANCE HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 13580253. The registered office is 71 - 75 SHELTON STREET, COVENT GARDENS, LONDON, WC2H 9JQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
SIGNANCE HOMES LTD
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Total
5
Deferred taxation
2024
2023
Revaluation of investment property
4,421
2,521
Provision at start of year
2,521
-
Charged to the profit and loss account
1,900
2,521
Provision at end of year
4,421
2,521
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).