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Company Registration No. 9083833 (England and Wales)
NEW HOMES (SUFFOLK) LTD Unaudited accounts for the year ended 31 May 2024
NEW HOMES (SUFFOLK) LTD Unaudited accounts Contents
Page
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NEW HOMES (SUFFOLK) LTD Company Information for the year ended 31 May 2024
Directors
Paul Malcolm Frost Stephen Kenneth Roper Beverley Joy Roper Michael John De'Ath Angela Elisabeth De'Ath
Company Number
9083833 (England and Wales)
Registered Office
CONRAD HOUSE THE GREEN ASHBOCKING IPSWICH IP6 9JX
Accountants
MBS Accountancy Services Ltd Garden House, 11 Judith Avenue Knodishall SAXMUNDHAM Suffolk IP17 1UY
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NEW HOMES (SUFFOLK) LTD Accountants' report
Accountants' report to the board of directors of NEW HOMES (SUFFOLK) LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 May 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MBS Accountancy Services Ltd Garden House, 11 Judith Avenue Knodishall SAXMUNDHAM Suffolk IP17 1UY 16 December 2024
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NEW HOMES (SUFFOLK) LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,725 
29,053 
Current assets
Inventories
1,580,000 
1,250,000 
Debtors
6,638 
10,372 
Cash at bank and in hand
103,167 
824,198 
1,689,805 
2,084,570 
Creditors: amounts falling due within one year
(364,178)
(721,346)
Net current assets
1,325,627 
1,363,224 
Total assets less current liabilities
1,348,352 
1,392,277 
Creditors: amounts falling due after more than one year
(1,275)
- 
Provisions for liabilities
Deferred tax
- 
(7,263)
Net assets
1,347,077 
1,385,014 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
1,346,877 
1,384,814 
Shareholders' funds
1,347,077 
1,385,014 
For the year ending 31 May 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 16 December 2024 and were signed on its behalf by
Paul Malcolm Frost Director Company Registration No. 9083833
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NEW HOMES (SUFFOLK) LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
NEW HOMES (SUFFOLK) LTD is a private company, limited by shares, registered in England and Wales, registration number 9083833. The registered office is CONRAD HOUSE THE GREEN, ASHBOCKING, IPSWICH, IP6 9JX.
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
25% on reducing balance
Motor vehicles
25% on reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
87,792 
16,705 
104,497 
Disposals
(20,000)
- 
(20,000)
At 31 May 2024
67,792 
16,705 
84,497 
Depreciation
At 1 June 2023
62,704 
12,740 
75,444 
On disposals
(13,672)
- 
(13,672)
At 31 May 2024
49,032 
12,740 
61,772 
Net book value
At 31 May 2024
18,760 
3,965 
22,725 
At 31 May 2023
25,088 
3,965 
29,053 
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NEW HOMES (SUFFOLK) LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,394 
8,926 
Accrued income and prepayments
3,253 
1,450 
Other debtors
(9)
(4)
6,638 
10,372 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
9,392 
60,370 
Taxes and social security
- 
120,126 
Other creditors
352,157 
539,306 
Loans from directors
1,429 
344 
Accruals
1,200 
1,200 
364,178 
721,346 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
1,275 
- 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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