ERRIS HOMES (ALMONDBURY) LIMITED

Company Registration Number:
11611674 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 November 2021

End date: 30 April 2023

ERRIS HOMES (ALMONDBURY) LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

ERRIS HOMES (ALMONDBURY) LIMITED

Balance sheet

As at 30 April 2023


Notes

18 months to 30 April 2023

2021


£

£
Current assets
Stocks: 0 3,195,962
Debtors:   19,132 90,728
Cash at bank and in hand: 69 15,612
Total current assets: 19,201 3,302,302
Creditors: amounts falling due within one year:   (11,500) (1,591,476)
Net current assets (liabilities): 7,701 1,710,826
Total assets less current liabilities: 7,701 1,710,826
Creditors: amounts falling due after more than one year:   0 (1,230,487)
Total net assets (liabilities): 7,701 480,339
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 7,601 480,239
Shareholders funds: 7,701 480,339

The notes form part of these financial statements

ERRIS HOMES (ALMONDBURY) LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 November 2023
and signed on behalf of the board by:

Name: M T Howard
Status: Director

The notes form part of these financial statements

ERRIS HOMES (ALMONDBURY) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the contract value, excluding VAT, of completed properties on which legal completion has taken place prior to the Balance Sheet date.

Other accounting policies

Taxation The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for the year using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. The cost of work in progress comprises direct materials and finance costs attributable to a development and, where applicable, an appropriate proportion of overhead expenses. Debtors Short term debtors are measured at transaction price, less any impairment. Cash at bank and in hand Cash at bank and in hand comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Creditors Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.

ERRIS HOMES (ALMONDBURY) LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

18 months to 30 April 2023 2021
Average number of employees during the period 0 0

Security Loans totalling £nil (2021: £544,036) are secured by a legal charge over the development and the assets of the company. A director and connected company have given personal and corporate guarantees in respect of the loans.