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REGISTERED NUMBER: 13189919 (England and Wales)













REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

N3W HOMES LIMITED

N3W HOMES LIMITED (REGISTERED NUMBER: 13189919)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


N3W HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: S G Ball
R A S Ball
R L Farina
C R Mclaren





REGISTERED OFFICE: Church Farm
Main Street
Willey
CV23 0SH





REGISTERED NUMBER: 13189919 (England and Wales)





ACCOUNTANTS: AEH Accountancy Ltd
Church Farm
Main Street
Willey
Warwickshire
CV23 0SH

N3W HOMES LIMITED (REGISTERED NUMBER: 13189919)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 29 FEBRUARY 2024

The directors present their report with the financial statements of the company for the year ended 29 February 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of development of building projects.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2023 to the date of this report.

S G Ball
R A S Ball
R L Farina
C R Mclaren

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R A S Ball - Director


16 October 2024

N3W HOMES LIMITED (REGISTERED NUMBER: 13189919)

INCOME STATEMENT
FOR THE YEAR ENDED 29 FEBRUARY 2024

2024 2023
£    £   

TURNOVER - -

Administrative expenses 4,876 2,755
(4,876 ) (2,755 )

Other operating income 58 -
OPERATING LOSS and
LOSS BEFORE TAXATION (4,818 ) (2,755 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (4,818 ) (2,755 )

N3W HOMES LIMITED (REGISTERED NUMBER: 13189919)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 298,930 155,380
Debtors 4 3,265 13,479
Cash at bank 7 78
302,202 168,937
CREDITORS
Amounts falling due within one year 5 311,303 173,220
NET CURRENT LIABILITIES (9,101 ) (4,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,101

)

(4,283

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,201 ) (4,383 )
(9,101 ) (4,283 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:




R A S Ball - Director S G Ball - Director




R L Farina - Director C R Mclaren - Director


N3W HOMES LIMITED (REGISTERED NUMBER: 13189919)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

N3w 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.

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 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 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 100 100
VAT 3,165 13,379
3,265 13,479

N3W HOMES LIMITED (REGISTERED NUMBER: 13189919)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,164 6,547
Social security and other taxes 2,942 3,326
Other creditors 290,947 160,930
Accruals and deferred income 1,250 2,417
311,303 173,220

6. RELATED PARTY DISCLOSURES

As at the year ended 29 February 2024, there were amounts due to connected companies, East Midlands Construction & Development (Leicester) Ltd £152,201 (2023 £95,649) and Garage Door Secure Ltd £138,746 (2023 £65,28). These amounts are included within other creditors on the balance sheet.