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REGISTERED NUMBER: 04354750 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

BATES HOMES LIMITED

BATES HOMES LIMITED (REGISTERED NUMBER: 04354750)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BATES HOMES LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: S J Bates
P M Bates





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 04354750 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

BATES HOMES LIMITED (REGISTERED NUMBER: 04354750)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,737 14,677
Investment property 5 355,000 570,000
366,737 584,677

CURRENT ASSETS
Cash at bank and in hand 94,287 3,783

CREDITORS
Amounts falling due within one year 6 76,806 85,360
NET CURRENT ASSETS/(LIABILITIES) 17,481 (81,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,218

503,100

CREDITORS
Amounts falling due after more than one
year

7

(178,132

)

(282,701

)

PROVISIONS FOR LIABILITIES (34,473 ) (45,529 )
NET ASSETS 171,613 174,870

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 174,694 251,926
Retained earnings (3,281 ) (77,256 )
SHAREHOLDERS' FUNDS 171,613 174,870

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

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

BATES HOMES LIMITED (REGISTERED NUMBER: 04354750)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





S J Bates - Director


BATES HOMES LIMITED (REGISTERED NUMBER: 04354750)

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

1. STATUTORY INFORMATION

Bates Homes Limited 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.

Turnover
Turnover represents rents receivable & property development sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BATES HOMES LIMITED (REGISTERED NUMBER: 04354750)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 5,080 10,049 31,548 1,625 48,302
DEPRECIATION
At 1 February 2023 3,379 9,791 18,846 1,609 33,625
Charge for year 340 56 2,540 4 2,940
At 31 January 2024 3,719 9,847 21,386 1,613 36,565
NET BOOK VALUE
At 31 January 2024 1,361 202 10,162 12 11,737
At 31 January 2023 1,701 258 12,702 16 14,677

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 570,000
Disposals (215,000 )
At 31 January 2024 355,000
NET BOOK VALUE
At 31 January 2024 355,000
At 31 January 2023 570,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 206,653
Cost 148,347
355,000

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

31.1.24 31.1.23
£    £   
Cost 148,347 275,334

Investment property was valued on an open market basis on 31 January 2024 by by the director .

BATES HOMES LIMITED (REGISTERED NUMBER: 04354750)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 2,078 -
Taxation and social security - 600
Other creditors 74,728 84,760
76,806 85,360

All creditors are due within one and have therefore not been discounted.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other creditors 178,132 282,701

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Mortgages 178,132 282,701

The mortgages are secured on the freehold and leasehold properties owned by Bates Homes Limited.

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023 251,926
Transfer to fair value reserve 10,780
Realised gains (88,012 )

At 31 January 2024 174,694