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REGISTERED NUMBER: 08981394 (England and Wales)






















Hornby Homes Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Hornby Homes Limited (Registered number: 08981394)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hornby Homes Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: L Hornby
S J Hornby





REGISTERED OFFICE: Oakwood
1 Bluebell Gardens
Hessle
East Yorkshire
HU13 0DD





REGISTERED NUMBER: 08981394 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Hornby Homes Limited (Registered number: 08981394)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 679 1,376
Investments 5 2 2
681 1,378

CURRENT ASSETS
Debtors 6 311,768 310,689
Cash at bank 59,752 112,808
371,520 423,497
CREDITORS
Amounts falling due within one year 7 235,686 273,664
NET CURRENT ASSETS 135,834 149,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,515

151,211

CREDITORS
Amounts falling due after more than one
year

8

19,017

29,011
NET ASSETS 117,498 122,200

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 117,494 122,196
SHAREHOLDERS' FUNDS 117,498 122,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Hornby Homes Limited (Registered number: 08981394)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





L Hornby - Director


Hornby Homes Limited (Registered number: 08981394)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Hornby 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.

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

Turnover
Turnover represents net invoices sales of residential property, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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

3. EMPLOYEES AND DIRECTORS

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

Hornby Homes Limited (Registered number: 08981394)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 3,210
DEPRECIATION
At 1 May 2023 1,834
Charge for year 697
At 30 April 2024 2,531
NET BOOK VALUE
At 30 April 2024 679
At 30 April 2023 1,376

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 May 2023
and 30 April 2024 2
NET BOOK VALUE
At 30 April 2024 2
At 30 April 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by joint ventures 303,062 303,062
Other debtors 475 30
Deferred tax asset 8,231 7,597
311,768 310,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,149 10,156
Other creditors - 46
Directors' current accounts 224,226 262,226
Accruals and deferred income 62 -
Accrued expenses 1,249 1,236
235,686 273,664

Hornby Homes Limited (Registered number: 08981394)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,405 10,413
Bank loans - 2-5 years 8,612 18,598
19,017 29,011

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
52 Ordinary A shares £0.04 2 2
48 Ordinary B shares £0.04 2 2
4 4

10. RELATED PARTY DISCLOSURES

The company has an outstanding balance payable to L Hornby, company director, at the year end of £224,226 (2023 £2262,226).

11. ULTIMATE CONTROLLING PARTY

The controlling party is L Hornby.