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REGISTERED NUMBER: 10637258 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

AMBLESIDE HOMES (GALTRES) LIMITED

AMBLESIDE HOMES (GALTRES) LIMITED (REGISTERED NUMBER: 10637258)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMBLESIDE HOMES (GALTRES) LIMITED

COMPANY INFORMATION
For The Year Ended 28 February 2024







DIRECTORS: Mr R S Cunningham
Mrs L Cunningham
Mr P Mandefield





REGISTERED OFFICE: Cottage Farm
Easingwold
York
YO61 3DS





REGISTERED NUMBER: 10637258 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

AMBLESIDE HOMES (GALTRES) LIMITED (REGISTERED NUMBER: 10637258)

BALANCE SHEET
28 February 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 1,246,566 393,767
Debtors 4 17,006 25,000
Cash at bank 9,346 117,154
1,272,918 535,921
CREDITORS
Amounts falling due within one year 5 1,160,563 462,578
NET CURRENT ASSETS 112,355 73,343
TOTAL ASSETS LESS CURRENT LIABILITIES 112,355 73,343

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 112,255 73,243
112,355 73,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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 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 by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





Mr P Mandefield - Director


AMBLESIDE HOMES (GALTRES) LIMITED (REGISTERED NUMBER: 10637258)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2024


1. STATUTORY INFORMATION

Ambleside Homes (Galtres) 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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

AMBLESIDE HOMES (GALTRES) LIMITED (REGISTERED NUMBER: 10637258)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,006 25,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 442,000 -
Taxation and social security 12,133 17,180
Other creditors 706,430 445,398
1,160,563 462,578

6. RELATED PARTY DISCLOSURES

Included within 'Other Creditors' is an amount of £705,264 (2023: £441,792) owed to Ambleside Homes Limited. Included within 'Trade Creditors' is an amount of £442,000 (2023: £Nil) owed to Ambleside Homes Limited. Ambleside Homes Limited is a company with mutual directorship.