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Company Registration No. 09981532 (England and Wales)
Cherry Lane Homes Limited Unaudited accounts for the year ended 29 February 2024
Cherry Lane Homes Limited Unaudited accounts Contents
Page
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Cherry Lane Homes Limited Company Information for the year ended 29 February 2024
Directors
Sidney Cherry Sidney George Cherry
Company Number
09981532 (England and Wales)
Registered Office
LN12 Armstrong House First Avenue Doncaster Finningley AIrport Doncaster South Yorkshire DN9 3GA United Kingdom
Accountants
Turkhud and Co LN12 Armstrong House First Avenue Doncaster Finningley Airport Doncaster South Yorkshire DN9 3GA
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Cherry Lane Homes Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,967 
41,290 
Investment property
83,073 
83,073 
114,040 
124,363 
Current assets
Inventories
- 
40,890 
Debtors
- 
59,448 
Cash at bank and in hand
20,254 
135,509 
20,254 
235,847 
Creditors: amounts falling due within one year
(913,101)
(912,089)
Net current liabilities
(892,847)
(676,242)
Net liabilities
(778,807)
(551,879)
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
(778,957)
(552,029)
Shareholders' funds
(778,807)
(551,879)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Sidney Cherry Director Company Registration No. 09981532
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Cherry Lane Homes Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Cherry Lane Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 09981532. The registered office is LN12 Armstrong House, First Avenue, Doncaster Finningley AIrport, Doncaster, South Yorkshire, DN9 3GA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 4 years
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
178,546 
At 29 February 2024
178,546 
Depreciation
At 1 March 2023
137,256 
Charge for the year
10,323 
At 29 February 2024
147,579 
Net book value
At 29 February 2024
30,967 
At 28 February 2023
41,290 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
83,073 
At 29 February 2024
83,073 
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Cherry Lane Homes Limited Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
59,448 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
29,199 
38,048 
Trade creditors
1,200 
1,200 
Taxes and social security
5,260 
- 
Other creditors
553,753 
437,415 
Loans from directors
323,689 
435,426 
913,101 
912,089 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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