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Registration number: 09299549

ABN Homes Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

(Registration number: 09299549)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

11,907

14,238

Current assets

 

Debtors

5

16,071

212,387

Cash at bank and in hand

 

27,254

33,993

 

43,325

246,380

Creditors: Amounts falling due within one year

6

(37,900)

(241,087)

Net current assets

 

5,425

5,293

Total assets less current liabilities

 

17,332

19,531

Creditors: Amounts falling due after more than one year

6

(12,681)

(15,831)

Provisions for liabilities

(2,429)

(2,705)

Net assets

 

2,222

995

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

2,122

895

Shareholders' funds

 

2,222

995

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Director's Report has been taken.

Approved and authorised by the director on 18 October 2024
 

.........................................
Mr A A G Catanho
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
4 Hampstead Drive
Wychwood Park
Weston
Crewe
Cheshire
CW2 5GT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and computer equipment

25% reducing balance/straight line over 3 years

Motor vehicles

25% reducing balance

Plant and equipment

15% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Fixtures, fittings and computer equipment
 £

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 December 2022

2,704

2,500

21,331

26,535

At 30 November 2023

2,704

2,500

21,331

26,535

Depreciation

At 1 December 2022

2,152

1,094

9,051

12,297

Charge for the year

138

351

1,842

2,331

At 30 November 2023

2,290

1,445

10,893

14,628

Carrying amount

At 30 November 2023

414

1,055

10,438

11,907

At 30 November 2022

552

1,406

12,280

14,238

5

Debtors

2023
£

2022
£

Trade debtors

12,860

208,438

Other debtors

3,211

3,949

16,071

212,387

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans

3,150

3,097

Trade creditors

 

1,140

17,866

Taxation and social security

 

8,917

19,932

Other creditors

 

24,693

200,192

 

37,900

241,087

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Bank loans

12,681

15,831