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Company registration number: 00235071
English Houses Limited
Unaudited filleted abridged financial statements
30 June 2024
English Houses Limited
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
English Houses Limited
Directors and other information
Directors Maureen J Lawrence
Susan Lawrence (Resigned 14 March 2024)
Penny S Colley
Lauri K Lawrence (Resigned 14 March 2024)
Ian G Lawrence (Appointed 14 March 2024)
Richard J Lawrence (Appointed 14 March 2024)
Secretary Ian G Lawrence
Company number 00235071
Registered office Springmead, Bradcutts Lane
Cookham Dean
Maidenhead, Berkshire
SL6 9AA
Business address 9 Long Grove
Seer Green,Bucks
HP9 2YN
English Houses Limited
Abridged statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 10 744 218
_______ _______
744 218
Current assets
Stocks 396,164 398,014
Debtors 20,003 12,550
Cash at bank and in hand 992,154 671,058
_______ _______
1,408,321 1,081,622
Creditors: amounts falling due
within one year ( 196,791) ( 22,596)
_______ _______
Net current assets 1,211,530 1,059,026
_______ _______
Total assets less current liabilities 1,212,274 1,059,244
_______ _______
Net assets 1,212,274 1,059,244
_______ _______
Capital and reserves
Called up share capital 11 8,000 8,000
Other reserves 8,000 8,000
Profit and loss account 1,196,274 1,043,244
_______ _______
Shareholders funds 1,212,274 1,059,244
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 08 January 2025 , and are signed on behalf of the board by:
Penny S Colley
Director
Company registration number: 00235071
English Houses Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Springmead, Bradcutts Lane, Cookham Dean, Maidenhead, Berkshire, SL6 9AA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover which excludes value added tax, represents:I. The sale proceeds of trading properties;II. Income derived from property development partnerships.Revenue recognition criteria:Sales proceeds on completion and development partnership income on receipt
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stock - Trading properties and development partnerships
Stock of trading properties and developments are valued at the lower of cost and net realisable value. Costs include improvement costs, fees and expenses incurred during the development.
Defined contribution plans
The pension costs charged in the financial statement represent the contribution payable by the company during the year.
4. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Other operating income
2024 2023
£ £
Rental income 277,913 274,264
_______ _______
6. Operating profit/(loss)
Operating profit/(loss) is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 186 55
Bad debts (943) (2,125)
Defined contribution plans expense 18,552 44,641
_______ _______
7. Employee numbers
The average number of directors during the year amounted to 3 (2023: 4 ).
8. Directors remuneration
The directors aggregate remuneration in respect of qualifying services was:
2024 2023
£ £
Remuneration 115,321 110,866
Company contributions to pension schemes in respect of qualifying services 18,552 44,641
_______ _______
133,873 155,507
_______ _______
9. Dividends
Equity dividends
2024 2023
£ £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year) 246,675 196,400
_______ _______
10. Tangible assets
£
Cost
At 1 July 2023 341
Additions 712
_______
At 30 June 2024 1,053
_______
Depreciation
At 1 July 2023 123
Charge for the year 186
_______
At 30 June 2024 309
_______
Carrying amount
At 30 June 2024 744
_______
At 30 June 2023 218
_______
11. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares shares of £ 1.00 each 8,000 8,000 8,000 8,000
_______ _______ _______ _______
12. Key management personnel
Penny S Colley who is a director of the company manages the company's property development and manages the company's day to day operations. Maureen J Lawrence continues to provide her support as Chairman.