IRIS Accounts Production v24.3.0.553 12099989 Board of Directors 1.8.23 31.7.24 31.7.24 0 0 false true false false true false Fair value model Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120999892023-07-31120999892024-07-31120999892023-08-012024-07-31120999892022-07-31120999892022-08-012023-07-31120999892023-07-3112099989ns15:EnglandWales2023-08-012024-07-3112099989ns14:PoundSterling2023-08-012024-07-3112099989ns10:Director12023-08-012024-07-3112099989ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112099989ns10:SmallEntities2023-08-012024-07-3112099989ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3112099989ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112099989ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112099989ns10:FullAccounts2023-08-012024-07-3112099989ns10:OrdinaryShareClass12023-08-012024-07-3112099989ns10:OrdinaryShareClass22023-08-012024-07-3112099989ns10:Director22023-08-012024-07-3112099989ns10:RegisteredOffice2023-08-012024-07-3112099989ns5:CurrentFinancialInstruments2024-07-3112099989ns5:CurrentFinancialInstruments2023-07-3112099989ns5:Non-currentFinancialInstruments2024-07-3112099989ns5:Non-currentFinancialInstruments2023-07-3112099989ns5:ShareCapital2024-07-3112099989ns5:ShareCapital2023-07-3112099989ns5:FurtherSpecificReserve3ComponentTotalEquity2024-07-3112099989ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3112099989ns5:RetainedEarningsAccumulatedLosses2024-07-3112099989ns5:RetainedEarningsAccumulatedLosses2023-07-3112099989ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3112099989ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3112099989ns10:OrdinaryShareClass12024-07-3112099989ns10:OrdinaryShareClass22024-07-3112099989ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-31
REGISTERED NUMBER: 12099989 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

H5 Homes Ltd

H5 Homes Ltd (Registered number: 12099989)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


H5 Homes Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: D J Harrison
Mrs L J Booth





REGISTERED OFFICE: 15 Newland
Lincoln
Lincolnshire
LN1 1XG





REGISTERED NUMBER: 12099989 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
H5 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 H5 Homes Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 H5 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 H5 Homes Ltd and state those matters that we have agreed to state to the Board of Directors of H5 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 H5 Homes Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H5 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 loss of H5 Homes Ltd. You consider that H5 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 H5 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


10 October 2024

H5 Homes Ltd (Registered number: 12099989)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 150,000 150,000

CURRENT ASSETS
Stocks 186,021 248,526
Debtors 5 2,437 764
Cash at bank 61,224 987
249,682 250,277
CREDITORS
Amounts falling due within one year 6 358,435 287,757
NET CURRENT LIABILITIES (108,753 ) (37,480 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,247

112,520

CREDITORS
Amounts falling due after more than one
year

7

-

(65,562

)

PROVISIONS FOR LIABILITIES (11,193 ) (11,193 )
NET ASSETS 30,054 35,765

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 33,579 33,579
Retained earnings (3,625 ) 2,086
SHAREHOLDERS' FUNDS 30,054 35,765

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 10 October 2024 and were signed on its behalf by:





D J Harrison - Director


H5 Homes Ltd (Registered number: 12099989)

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

1. STATUTORY INFORMATION

H5 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 as modified by the revaluation of certain assets.

The Directors have prepared the accounts on a going concern basis. At the year end the Company had net current liabilities of £108,753 (2023: £37,480).

Turnover
Turnover is measured at the fair value of consideration received.

Turnover represents gross invoiced rentals, which are recognised in the period to which they relate.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

H5 Homes Ltd (Registered number: 12099989)

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

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 150,000
NET BOOK VALUE
At 31 July 2024 150,000
At 31 July 2023 150,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 44,772
Cost 105,228
150,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 105,228 105,228

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,437 764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 2,216
Taxation and social security - 161
Other creditors 358,435 285,380
358,435 287,757

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 65,562

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 53,340

H5 Homes Ltd (Registered number: 12099989)

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

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

9. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 33,579