Registered number
13178984
T20 Homes Limited
Filleted Accounts
29 February 2024
T20 Homes Limited
Registered number: 13178984
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Work in progress 1,492,078 927,525
Debtors 3 12,725 5,810
Cash at bank and in hand 6,847 922
1,511,650 934,257
Creditors: amounts falling due within one year 4 (10,182) (8,509)
Net current assets 1,501,468 925,748
Total assets less current liabilities 1,501,468 925,748
Creditors: amounts falling due after more than one year 5 (1,524,247) (939,008)
Net liabilities (22,779) (13,260)
Capital and reserves
Called up share capital 100 100
Profit and loss account (22,879) (13,360)
Shareholder's funds (22,779) (13,260)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Farrier
Director
Approved by the board on 28 November 2024
T20 Homes Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised when the properties are sold.
Work in progress
Work in progress is recorded at the net cost value of the build project.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Debtors 2024 2023
£ £
Other debtors 12,725 5,810
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 7,759
Other creditors 10,182 750
10,182 8,509
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,073,490 562,608
Amounts owed to group undertakings and undertakings in which the company has a participating interest 300,546 236,828
Other creditors 150,211 139,572
1,524,247 939,008
6 Related party transactions
At the year end the company owed the directors £150,211 (2023 : £60,182).

At the year end the company owed KRED Holdings Limited, a company controlled by Mr K W Perryman and E C Haupt, who are directors of the company £161,818 (2022 : £102,468).

At the year end the company owed MAB SW Wealth Management limited a compnay controlled by Mr M Johns, a director of the company £109,360 (2023 : £109,360).
7 Controlling party
The company is controlled by KRED Holdings Limited who owns 50% of the issued share capital at the balancesheet date.
8 Other information
T20 Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
4a 6-8 Kenn Road
Clevedon
BS21 6EL
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