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REGISTERED NUMBER: 10760694 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CERDAN HOWARD HOMES LIMITED

CERDAN HOWARD HOMES LIMITED (REGISTERED NUMBER: 10760694)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CERDAN HOWARD HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms K Howard
Mr Cerdan-Pecino





REGISTERED OFFICE: 23 Sullivan Close
Portsmouth
PO6 4SN





REGISTERED NUMBER: 10760694 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

CERDAN HOWARD HOMES LIMITED (REGISTERED NUMBER: 10760694)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 840,000 483,000

CURRENT ASSETS
Debtors 5 11,672 56,475
Cash at bank 61,129 50,738
72,801 107,213
CREDITORS
Amounts falling due within one year 6 200,081 161,726
NET CURRENT LIABILITIES (127,280 ) (54,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

712,720

428,487

CREDITORS
Amounts falling due after more than one
year

7

(576,355

)

(374,878

)

PROVISIONS FOR LIABILITIES 8 (28,782 ) -
NET ASSETS 107,583 53,609

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 104,047 31,226
Retained earnings 3,534 22,381
107,583 53,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

CERDAN HOWARD HOMES LIMITED (REGISTERED NUMBER: 10760694)

BALANCE SHEET - continued
31 MARCH 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 and authorised for issue by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




Ms K Howard - Director



Mr Cerdan-Pecino - Director


CERDAN HOWARD HOMES LIMITED (REGISTERED NUMBER: 10760694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cerdan Howard 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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
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 2 (2023 - 2 ) .

CERDAN HOWARD HOMES LIMITED (REGISTERED NUMBER: 10760694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 483,000
Additions 255,397
Revaluations 101,603
At 31 March 2024 840,000
NET BOOK VALUE
At 31 March 2024 840,000
At 31 March 2023 483,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 31,226
Valuation in 2024 357,000
Cost 451,774
840,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts - 51,142
Tax 269 -
Prepayments 11,403 5,333
11,672 56,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 3,950
Tax 702 5,109
Directors' current accounts 197,489 149,065
Accrued expenses 1,890 3,602
200,081 161,726

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 576,355 374,878

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 28,782 -

CERDAN HOWARD HOMES LIMITED (REGISTERED NUMBER: 10760694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 28,782
Balance at 31 March 2024 28,782

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 31,226
Transfer 72,821

At 31 March 2024 104,047

10. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £197,489 (31.3.23: £97,923).

11. ULTIMATE CONTROLLING PARTY

The controlling parties are Ms K Howard and Mr D Cerdan-Pecino.