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REGISTERED NUMBER: 05661712 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2023 to 31 March 2024

for

Homes By Warwick Ltd

Homes By Warwick Ltd (Registered number: 05661712)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Homes By Warwick Ltd

Company Information
for the Period 1 March 2023 to 31 March 2024







DIRECTOR: M Jennings





REGISTERED OFFICE: Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ





REGISTERED NUMBER: 05661712 (England and Wales)





ACCOUNTANTS: Ampersand Partnership Limited
Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ

Homes By Warwick Ltd (Registered number: 05661712)

Abridged Balance Sheet
31 March 2024

31.3.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,649 4,458

CURRENT ASSETS
Stocks - 749,191
Debtors 14,797 63,431
Cash at bank 1,121,020 675,621
1,135,817 1,488,243
CREDITORS
Amounts falling due within one year 103,790 545,196
NET CURRENT ASSETS 1,032,027 943,047
TOTAL ASSETS LESS CURRENT LIABILITIES 1,033,676 947,505

CREDITORS
Amounts falling due after more than one
year

12,187

23,239
NET ASSETS 1,021,489 924,266

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 1,000 1,000
Retained earnings 1,019,489 922,266
SHAREHOLDERS' FUNDS 7 1,021,489 924,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Homes By Warwick Ltd (Registered number: 05661712)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





M Jennings - Director


Homes By Warwick Ltd (Registered number: 05661712)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

Homes By Warwick Ltd 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.

Turnover
Turnover comprises revenue recognised by the Company in respect of the sale of properties developed by the Company, and is recognised upon exchange of the relevant site, exclusive of value added tax.

Profit on construction projects is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations in contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year which they are first foreseen.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Stock and work in progress comprise developments in progress. Developments in progress include land and units in the course of construction and include the cost of the land and the construction costs incurred to date.

Taxation
Taxation for the period 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 period 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.

Homes By Warwick Ltd (Registered number: 05661712)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023
and 31 March 2024 11,612
DEPRECIATION
At 1 March 2023 7,154
Charge for period 2,809
At 31 March 2024 9,963
NET BOOK VALUE
At 31 March 2024 1,649
At 28 February 2023 4,458

5. SECURED DEBTS

The following secured debts are included within creditors amounts falling due within one year:

Bank and other loans in the sum of £nil (2023: £217,151).

6. RELATED PARTY DISCLOSURES

During the period, total dividends of £1,000 (2023 - £2,000) were paid to the director .

Entities under common control

During the year the Company made purchases in the sum of £556,000 (2023: £150,000) from related parties.

M Jennings - a director

At the year end £14,797 (2023: £55,720) was owed by M Jennings. This was repaid after the year end.

Homes By Warwick Ltd (Registered number: 05661712)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

7. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.3.24 28.2.23
£    £   
Profit for the financial period 115,223 183,708
Dividends (18,000 ) (21,000 )
Net addition to shareholders' funds 97,223 162,708
Opening shareholders' funds 924,266 761,558
Closing shareholders' funds 1,021,489 924,266