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REGISTERED NUMBER: 09966821 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KYME HOMES LIMITED

KYME HOMES LIMITED (REGISTERED NUMBER: 09966821)

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


KYME HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: N J Wright
D P Greeves





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 09966821 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

KYME HOMES LIMITED (REGISTERED NUMBER: 09966821)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,442 32,160

CURRENT ASSETS
Work in progress 5 1,445,216 1,393,099
Debtors 6 37,769 39,279
Cash at bank and in hand 57,381 7,177
1,540,366 1,439,555
CREDITORS
Amounts falling due within one year 7 884,480 1,077,299
NET CURRENT ASSETS 655,886 362,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

676,328

394,416

PROVISIONS FOR LIABILITIES 5,111 6,110
NET ASSETS 671,217 388,306

CAPITAL AND RESERVES
Called up share capital 400,100 100
Retained earnings 271,117 388,206
671,217 388,306

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.

KYME HOMES LIMITED (REGISTERED NUMBER: 09966821)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




N J Wright - Director



D P Greeves - Director


KYME HOMES LIMITED (REGISTERED NUMBER: 09966821)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Kyme Homes Limited is a private company, limited by shares, registered in England. The company's registered number is 09966821. The company's registered office is Beckside Court, Annie Reed Road, Beverley, East Yorkshire HU17 0LF.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

KYME HOMES LIMITED (REGISTERED NUMBER: 09966821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 52,972
DEPRECIATION
At 1 February 2023 20,812
Charge for year 11,718
At 31 January 2024 32,530
NET BOOK VALUE
At 31 January 2024 20,442
At 31 January 2023 32,160

5. WORK IN PROGRESS
2024 2023
£    £   
Work-in-progress 1,445,216 1,393,099

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 100
Tax 1,154 -
VAT 36,515 39,179
37,769 39,279

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 300,000 300,000
Trade creditors 70,337 124,266
Amounts owed to group undertakings 440,000 540,000
Tax 3,695 38,800
Social security and other taxes 2,492 4,335
Directors' current accounts 33,889 36,999
Accruals and deferred income 34,067 32,899
884,480 1,077,299

KYME HOMES LIMITED (REGISTERED NUMBER: 09966821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


8. RELATED PARTY DISCLOSURES

Kyme Real Estate Limited own 50% of the share capital of the company.

There is a loan to the company from Kyme Real Estate Limited

20242023
The amount owed by the company to Kyme Real Estate 220,000270,000

Greeves Devolvements Limited own 50% of the share capital of the company.

There is a loan to the company from Greeves Developments Limited.

20242023
The amount owed by the company to Greeves Developments Estate 220,000270,000

Nicholas Wright is a director of the company. During the year the company charged Mr Wright £Nil (2023 - £51,667) for contracting costs. The amount due by the company to Mr Wright is shown in the notes to the accounts.

Dominic Greeves is a director of the company. During the year the company charged Mr Greeves £Nil (2023 - £51,667) for contracting costs. The amount due by the company to Mr Greeves is shown in the notes to the accounts.

The company is controlled by its directors, none of whom have overall control.