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REGISTERED NUMBER: 03642573 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Longmead Homes Limited

Longmead Homes Limited (Registered number: 03642573)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Longmead Homes Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr P W Hutley
Mrs C J R Hutley





SECRETARY: Mrs C J R Hutley





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG9 8JN





BUSINESS ADDRESS: Pond Park
Felsted
Dunmow
Essex
CM6 3LY





REGISTERED NUMBER: 03642573 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Longmead Homes Limited (Registered number: 03642573)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,143 2,679

CURRENT ASSETS
Stocks 161,311 157,573
Debtors 182,205 24,638
Cash at bank 5,225 200,263
348,741 382,474
CREDITORS
Amounts falling due within one year 340,768 480,444
NET CURRENT ASSETS/(LIABILITIES) 7,973 (97,970 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,116

(95,291

)

CREDITORS
Amounts falling due after more than one
year

26,356

90,191
NET LIABILITIES (16,240 ) (185,482 )

CAPITAL AND RESERVES
Called up share capital 5 5,000 5,000
Retained earnings (21,240 ) (190,482 )
SHAREHOLDERS' FUNDS (16,240 ) (185,482 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Longmead Homes Limited (Registered number: 03642573)

Abridged Balance Sheet - continued
31 May 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 Balance Sheet for the year ended 31 May 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 Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:




Mr P W Hutley - Director



Mrs C J R Hutley - Director


Longmead Homes Limited (Registered number: 03642573)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Longmead 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.

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 represents sales of property dwellings, excluding value added tax, and is recognised upon completion.

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 - 20% on reducing balance

Long leasehold Over 5 years (20% straight line)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 116,079
DEPRECIATION
At 1 June 2023 113,400
Charge for year 536
At 31 May 2024 113,936
NET BOOK VALUE
At 31 May 2024 2,143
At 31 May 2023 2,679

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
5,000 Ordinary £1.00 5,000 5,000