Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-3112022-11-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09253409 2022-11-01 2023-10-31 09253409 2021-11-01 2022-10-31 09253409 2023-10-31 09253409 2022-10-31 09253409 c:Director1 2022-11-01 2023-10-31 09253409 d:MotorVehicles 2022-11-01 2023-10-31 09253409 d:MotorVehicles 2023-10-31 09253409 d:MotorVehicles 2022-10-31 09253409 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09253409 d:ComputerEquipment 2022-11-01 2023-10-31 09253409 d:ComputerEquipment 2023-10-31 09253409 d:ComputerEquipment 2022-10-31 09253409 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09253409 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09253409 d:CurrentFinancialInstruments 2023-10-31 09253409 d:CurrentFinancialInstruments 2022-10-31 09253409 d:Non-currentFinancialInstruments 2023-10-31 09253409 d:Non-currentFinancialInstruments 2022-10-31 09253409 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09253409 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09253409 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09253409 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09253409 d:ShareCapital 2023-10-31 09253409 d:ShareCapital 2022-10-31 09253409 d:RetainedEarningsAccumulatedLosses 2023-10-31 09253409 d:RetainedEarningsAccumulatedLosses 2022-10-31 09253409 c:FRS102 2022-11-01 2023-10-31 09253409 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09253409 c:FullAccounts 2022-11-01 2023-10-31 09253409 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09253409 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 09253409









HANKLEY FROYLE HOMES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
HANKLEY FROYLE HOMES LTD
REGISTERED NUMBER: 09253409

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,437
6,855

  
5,437
6,855

Current assets
  

Stocks
 5 
-
71,399

Debtors: amounts falling due within one year
 6 
46,849
3,045

Cash at bank and in hand
 7 
19,317
-

Creditors: amounts falling due within one year
 8 
(25,740)
(57,063)

Net current assets
  
 
 
40,426
 
 
17,381

Total assets less current liabilities
  
45,863
24,236

Creditors: amounts falling due after more than one year
 9 
(66,315)
(81,599)

  

Net liabilities
  
(20,452)
(57,363)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(20,462)
(57,373)

  
(20,452)
(57,363)


Page 1

 
HANKLEY FROYLE HOMES LTD
REGISTERED NUMBER: 09253409
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



J Kennedy
Director

Date: 29 October 2024

Page 2

 
HANKLEY FROYLE HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Hankley Froyle Homes Ltd is a private company, limited by shares. The company is incorporated in England and Wales and the address of the registered office is The Granary, 1 Waverly Lane, Farnham, Surrey, GU9 8BB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
HANKLEY FROYLE HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20% reducing balance
Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
HANKLEY FROYLE HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
27,045
2,635
29,680



At 31 October 2023

27,045
2,635
29,680



Depreciation


At 1 November 2022
21,124
1,701
22,825


Charge for the year on owned assets
1,184
234
1,418



At 31 October 2023

22,308
1,935
24,243



Net book value



At 31 October 2023
4,737
700
5,437



At 31 October 2022
5,921
934
6,855

Page 5

 
HANKLEY FROYLE HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Stocks

2023
2022
£
£

Work in progress
-
71,399



6.


Debtors

2023
2022
£
£


Trade debtors
2,767
-

Other debtors
44,082
3,045



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
19,317
-

Less: bank overdrafts
-
(4,785)



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
4,785

Bank loans
16,877
9,198

Other taxation and social security
4,143
198

Other creditors
-
38,162

Accruals and deferred income
4,720
4,720

25,740
57,063



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
66,315
81,599


 
Page 6