Registered number
10697380
Limehill Homes Ltd
Filleted Accounts
31 March 2024
Limehill Homes Ltd
Registered number: 10697380
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,616 2,465
Current assets
Stocks 552,392 478,989
Debtors 4 20,014 6,454
Cash at bank and in hand 826 3,484
573,232 488,927
Creditors: amounts falling due within one year 5 (58,141) (125,735)
Net current assets 515,091 363,192
Total assets less current liabilities 518,707 365,657
Creditors: amounts falling due after more than one year 6 (534,550) (381,500)
Net liabilities (15,843) (15,843)
Capital and reserves
Called up share capital 30 30
Profit and loss account (15,873) (15,873)
Shareholders' funds (15,843) (15,843)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Malcolm Weaver
Director
Approved by the board on 22 November 2024
Limehill Homes Ltd
Notes to the Accounts
for the year ended 31 March 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Office equipment 25% reducing balance
Motor vehicles 20% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 2,753 208 670 3,631
Additions 1,650 - - 1,650
At 31 March 2024 4,403 208 670 5,281
Depreciation
At 1 April 2023 624 91 451 1,166
Charge for the year 426 29 44 499
At 31 March 2024 1,050 120 495 1,665
Net book value
At 31 March 2024 3,353 88 175 3,616
At 31 March 2023 2,129 117 219 2,465
4 Debtors 2024 2023
£ £
Other debtors 20,014 6,454
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 12,819 27,873
Trade creditors 1,200 19,160
Taxation and social security costs 738 2,190
Other creditors 43,384 76,512
58,141 125,735
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,482 -
Other creditors 515,068 381,500
534,550 381,500
7 Other information
Limehill Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite I Business Development Centre
Stafford Park 4
Telford
TF3 3BA
Limehill Homes Ltd 10697380 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Malcolm Weaver No description of principal activity 10697380 2022-04-01 2023-03-31 10697380 core:WithinOneYear 2023-03-31 10697380 core:AfterOneYear 2023-03-31 10697380 core:ShareCapital 2023-03-31 10697380 core:RetainedEarningsAccumulatedLosses 2023-03-31 10697380 2023-04-01 2024-03-31 10697380 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10697380 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10697380 bus:Director40 2023-04-01 2024-03-31 10697380 2 2023-04-01 2024-03-31 10697380 core:LandBuildings 2023-04-01 2024-03-31 10697380 core:PlantMachinery 2023-04-01 2024-03-31 10697380 core:Vehicles 2023-04-01 2024-03-31 10697380 countries:England 2023-04-01 2024-03-31 10697380 bus:FRS102 2023-04-01 2024-03-31 10697380 bus:FilletedAccounts 2023-04-01 2024-03-31 10697380 2024-03-31 10697380 core:WithinOneYear 2024-03-31 10697380 core:AfterOneYear 2024-03-31 10697380 core:ShareCapital 2024-03-31 10697380 core:RetainedEarningsAccumulatedLosses 2024-03-31 10697380 core:LandBuildings 2024-03-31 10697380 core:PlantMachinery 2024-03-31 10697380 core:Vehicles 2024-03-31 10697380 2023-03-31 10697380 core:LandBuildings 2023-03-31 10697380 core:PlantMachinery 2023-03-31 10697380 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure