2023-03-012024-02-292024-02-29false09466777SNH HOMES 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SNH HOMES LIMITED

Registered Number
09466777
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

SNH HOMES LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

DUNN, Lindsey Jane
DUNN, Shaun Mark

Registered Address

62 Cauldwell Avenue
Whitley Bay
NE25 9RW

Registered Number

09466777 (England and Wales)
SNH HOMES LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors4349,001417,457
Cash at bank and on hand457736
349,458418,193
Creditors amounts falling due within one year5(192,451)(201,868)
Net current assets (liabilities)157,007216,325
Total assets less current liabilities157,007216,325
Net assets157,007216,325
Capital and reserves
Called up share capital100100
Profit and loss account156,907216,225
Shareholders' funds157,007216,325
The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2024, and are signed on its behalf by:
DUNN, Shaun Mark
Director
Registered Company No. 09466777
SNH HOMES LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year22
3.Stocks
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,311912
Amounts owed by group undertakings347,431412,440
Other debtors2594,105
Total349,001417,457
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables34,39833,450
Amounts owed to related parties97,420103,376
Taxation and social security29,78334,190
Other creditors30,00030,001
Accrued liabilities and deferred income850851
Total192,451201,868
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.
6.Creditors: amounts due after one year
7.Related party transactions
During the year, the company provided unsecured, interest free loans to the following group companies in which the director, Mr S Dunn, has a participating interest. BVillage Ltd, as at the balance sheet date £157,640, Endeavour Living Ltd as at the balance sheet date £3700, Endeavour Property Holdings Ltd as at the balance sheet date £7626.12, Skills to Shine Ltd as at the balance sheet date £4000 and Village Peterlee Ltd, as at the balance sheet date £174,645. During the year, the company received unsecured, interest free loans to the following group companies in which the director, Mr S Dunn, has a participating interest. Dunn NE25 Ltd, as at the balance sheet date £1300, Endeavour Developments Ltd, as at the balance sheet date £32,400 and Endeavour Lettings Ltd, as at the balance sheet date £17,300.