IRIS Accounts Production v24.3.0.553 10464064 director 1.3.23 28.2.24 28.2.24 0 0 false true false false true false Ordinary 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104640642023-02-28104640642024-02-28104640642023-03-012024-02-28104640642022-02-28104640642022-03-012023-02-28104640642023-02-2810464064ns15:EnglandWales2023-03-012024-02-2810464064ns14:PoundSterling2023-03-012024-02-2810464064ns10:Director12023-03-012024-02-2810464064ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2810464064ns10:SmallEntities2023-03-012024-02-2810464064ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2810464064ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2810464064ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2810464064ns10:FullAccounts2023-03-012024-02-2810464064ns10:OrdinaryShareClass12023-03-012024-02-2810464064ns10:OrdinaryShareClass22023-03-012024-02-2810464064ns10:RegisteredOffice2023-03-012024-02-2810464064ns5:CurrentFinancialInstruments2024-02-2810464064ns5:CurrentFinancialInstruments2023-02-2810464064ns5:Non-currentFinancialInstruments2024-02-2810464064ns5:Non-currentFinancialInstruments2023-02-2810464064ns5:ShareCapital2024-02-2810464064ns5:ShareCapital2023-02-2810464064ns5:RetainedEarningsAccumulatedLosses2024-02-2810464064ns5:RetainedEarningsAccumulatedLosses2023-02-2810464064ns5:MotorVehicles2023-03-012024-02-2810464064ns5:MotorVehicles2023-02-2810464064ns5:MotorVehicles2024-02-2810464064ns5:MotorVehicles2023-02-2810464064ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2810464064ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2810464064ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-02-2810464064ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-02-2810464064ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2810464064ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2810464064ns5:AcceleratedTaxDepreciationDeferredTax2024-02-2810464064ns5:AcceleratedTaxDepreciationDeferredTax2023-02-2810464064ns5:DeferredTaxation2023-02-2810464064ns5:DeferredTaxation2024-02-2810464064ns10:OrdinaryShareClass12024-02-2810464064ns10:OrdinaryShareClass22024-02-28
REGISTERED NUMBER: 10464064 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2024

FOR

F & O HOMES LTD

F & O HOMES LTD (REGISTERED NUMBER: 10464064)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F & O HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2024







DIRECTOR: O J Clay



REGISTERED OFFICE: 6 Charles Crescent
Chester
Cheshire
CH4 7AT



REGISTERED NUMBER: 10464064 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Clydesdale Bank
82 English Street
Carlisle
CA3 8HP

F & O HOMES LTD (REGISTERED NUMBER: 10464064)

BALANCE SHEET
28TH FEBRUARY 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,225 115,817

CURRENT ASSETS
Stocks 5 120,000 120,000
Debtors 6 962,000 220,903
Cash at bank 95,757 81,527
1,177,757 422,430
CREDITORS
Amounts falling due within one year 7 1,220,610 382,891
NET CURRENT (LIABILITIES)/ASSETS (42,853 ) 39,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,372

155,356

CREDITORS
Amounts falling due after more than one
year

8

(26,907

)

(32,400

)

PROVISIONS FOR LIABILITIES 9 (24,556 ) (22,005 )
NET ASSETS 3,909 100,951

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,809 100,851
SHAREHOLDERS' FUNDS 3,909 100,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

F & O HOMES LTD (REGISTERED NUMBER: 10464064)

BALANCE SHEET - continued
28TH FEBRUARY 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 director and authorised for issue on 23rd September 2024 and were signed by:





O J Clay - Director


F & O HOMES LTD (REGISTERED NUMBER: 10464064)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2024

1. STATUTORY INFORMATION

F & O Homes Ltd 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.

The presentation currency of the financial statements is the 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 15% on cost

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 stocks 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 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 NIL (2023 - NIL).

F & O HOMES LTD (REGISTERED NUMBER: 10464064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st March 2023
and 28th February 2024 117,283
DEPRECIATION
At 1st March 2023 1,466
Charge for year 17,592
At 28th February 2024 19,058
NET BOOK VALUE
At 28th February 2024 98,225
At 28th February 2023 115,817

5. STOCKS
28.2.24 28.2.23
£    £   
Work-in-progress 120,000 120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other debtors 960,864 220,025
VAT 1,136 878
962,000 220,903

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,008 2,160
Tax 3,075 14,178
Other creditors 545,132 23,839
Directors' current accounts 618,681 196,490
Accrued expenses 39,714 136,224
1,220,610 382,891

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 16,907 22,400
26,907 32,400

F & O HOMES LTD (REGISTERED NUMBER: 10464064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2024

9. PROVISIONS FOR LIABILITIES
28.2.24 28.2.23
£    £   
Deferred tax
Accelerated capital allowances 24,556 22,005

Deferred
tax
£   
Balance at 1st March 2023 22,005
Movement in the year due to:
changes in tax rates 5,893
changes in tax allowances (3,342 )
Balance at 28th February 2024 24,556

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
20 Ordinary £1 20 20
80 Ordinary B £1 80 80
100 100

11. CAPITAL COMMITMENTS
28.2.24 28.2.23
£    £   
Contracted but not provided for in the
financial statements - -

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors charged interest on their loan account in the sum of 22,865 (2023: £9,352).

13. RELATED PARTY DISCLOSURES

At the period end there was a balance due from F & O Developments Limited in the sum of £141,884 (2023: (£16,041)). This amount in shown in debtors: amounts falling due within one year.

At the period end there was a balance due to F & O Lavister Limited in the sum of £530,132 (2023: £2,798). This amount is shown in creditors: amounts falling due within one year.

At rhe period end there was a balance due from F & O Properties Limited in the sun of £446,000 (2023 £220,025). This is shown in debtors: amounts falling due within one year.

At the period end there was a balance due from Oddfellows Hall (CH4) Limited in the sum of £369,248 (2023: NIL). This is shown in debtors: amounts falling due within one year.

F & O Homes Limited, F & O Properties Limited, F & O Developments Limited, F & O Lavister Limited and Oddfellows Hall (CH4) Limited have common directors.

F & O HOMES LTD (REGISTERED NUMBER: 10464064)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2024

14. ULTIMATE CONTROLLING PARTY

The controlling party is O J Clay.