REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2024 |
FOR |
F & O HOMES LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
25 Grosvenor Road |
Wrexham |
LL11 1BT |
BANKERS: |
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 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Motor vehicles | - |
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 |
DEPRECIATION |
At 1st March 2023 |
Charge for year |
At 28th February 2024 |
NET BOOK VALUE |
At 28th February 2024 |
At 28th February 2023 |
5. | STOCKS |
28.2.24 | 28.2.23 |
£ | £ |
Work-in-progress |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.24 | 28.2.23 |
£ | £ |
Other debtors |
VAT |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.24 | 28.2.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Other creditors |
Directors' current accounts | 618,681 | 196,490 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.24 | 28.2.23 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
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 |
Deferred |
tax |
£ |
Balance at 1st March 2023 |
Movement in the year due to: |
changes in tax rates | 5,893 |
changes in tax allowances | (3,342 | ) |
Balance at 28th February 2024 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.24 | 28.2.23 |
value: | £ | £ |
Ordinary | £1 | 20 | 20 |
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. |