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REGISTERED NUMBER: 03083643 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

FRAZER HOMES LIMITED

FRAZER HOMES LIMITED (REGISTERED NUMBER: 03083643)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FRAZER HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: J O'Donnell
M Harris
S Wynne



REGISTERED OFFICE: Abenbury House
17 Wilkinson Business Park
Clywedog Road South
Wrexham
LL13 9AE



REGISTERED NUMBER: 03083643 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Lloyds Bank plc
28, Regent Street
Wrexham
LL11 1SE

FRAZER HOMES LIMITED (REGISTERED NUMBER: 03083643)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 5 71,595 71,595
Debtors 6 233,117 435,186
Cash at bank 1,817 152,043
306,529 658,824
CREDITORS
Amounts falling due within one year 7 836,010 1,926,328
NET CURRENT LIABILITIES (529,481 ) (1,267,504 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(529,481

)

(1,267,504

)

CAPITAL AND RESERVES
Called up share capital 9 135,100 135,100
Retained earnings (664,581 ) (1,402,604 )
SHAREHOLDERS' FUNDS (529,481 ) (1,267,504 )

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

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

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 7th October 2024 and were signed on its behalf by:





S Wynne - Director


FRAZER HOMES LIMITED (REGISTERED NUMBER: 03083643)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Frazer Homes Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company has total liabilities which exceed the assets as a result of group undertakings. The liability is supported by the group undertakings and will not be withdrawn until such time as the balances can be recovered. It is considered appropriate to prepare these financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

FRAZER HOMES LIMITED (REGISTERED NUMBER: 03083643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2023
and 31st March 2024 29,000
DEPRECIATION
At 1st April 2023
and 31st March 2024 29,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 71,595 71,595

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 142,347 97,933
Sales retentions 7,250 39,800
Deferred tax asset
Tax losses carried forward 83,520 -
Prepayments and accrued income - 297,453
233,117 435,186

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 31,871 74,993
Amounts owed to group undertakings 557,403 1,254,054
Social security and other taxes - 91
VAT 41,084 17,048
Other creditors 26,562 407,278
Accruals and deferred income 179,090 172,864
836,010 1,926,328

8. DEFERRED TAX
£   
Movement in the year due to:
changes in tax rates (207,876 )
changes in tax allowances
changes in tax losses 124,356
Balance at 31st March 2024 (83,520 )

FRAZER HOMES LIMITED (REGISTERED NUMBER: 03083643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordnary £1 £1 100 100
135,000 Ordinary 'A' £1 135,000 135,000
135,100 135,100

10. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

11. ULTIMATE CONTROLLING PARTY

The controlling party is Frazer Holdings Limited.

The ultimate controlling party is Chiswell (Moorgate) Limited.