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Company Registration No. 11086970 (England and Wales)
DURKAN HOMES LTD Unaudited accounts for the year ended 29 February 2024
DURKAN HOMES LTD Unaudited accounts Contents
Page
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DURKAN HOMES LTD Company Information for the year ended 29 February 2024
Director
B J P Durkan
Company Number
11086970 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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DURKAN HOMES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
678,571 
375,138 
Debtors
11,452 
200,261 
Cash at bank and in hand
224,518 
318,391 
914,541 
893,790 
Creditors: amounts falling due within one year
(904,568)
(875,292)
Net current assets
9,973 
18,498 
Total assets less current liabilities
9,973 
18,498 
Creditors: amounts falling due after more than one year
(23,281)
(33,213)
Net liabilities
(13,308)
(14,715)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(13,408)
(14,815)
Shareholders' funds
(13,308)
(14,715)
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2024 and were signed on its behalf by
B J P Durkan Director Company Registration No. 11086970
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DURKAN HOMES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
DURKAN HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 11086970. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Trading activity
Construction of commercial buildings
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,452 
261 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
- 
200,000 
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DURKAN HOMES LTD Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
29,276 
- 
Amounts owed to group undertakings and other participating interests
875,292 
875,292 
904,568 
875,292 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,281 
33,213 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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