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REGISTERED NUMBER: 11959534 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Strafford Homes Ltd

Strafford Homes Ltd (Registered number: 11959534)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Strafford Homes Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: H S S Elliott





REGISTERED OFFICE: 55 Bentley Mount
Sowerby Bridge
HX6 2SQ





REGISTERED NUMBER: 11959534 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Strafford Homes Ltd (Registered number: 11959534)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 926
Investment property 5 1,008,000 706,633
1,008,000 707,559

CURRENT ASSETS
Debtors 6 5,800 4,170
Cash at bank 32,869 44,588
38,669 48,758
CREDITORS
Amounts falling due within one year 7 186,967 178,275
NET CURRENT LIABILITIES (148,298 ) (129,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

859,702

578,042

CREDITORS
Amounts falling due after more than one year 8 663,147 588,967
NET ASSETS/(LIABILITIES) 196,555 (10,925 )

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 191,054 -
Retained earnings 5,401 (11,025 )
196,555 (10,925 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Strafford Homes Ltd (Registered number: 11959534)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





H S S Elliott - Director


Strafford Homes Ltd (Registered number: 11959534)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Strafford Homes 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 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 1 (2023 - 1 ) .

Strafford Homes Ltd (Registered number: 11959534)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 826 1,893 2,719
DEPRECIATION
At 1 May 2023 388 1,405 1,793
Charge for year 438 488 926
At 30 April 2024 826 1,893 2,719
NET BOOK VALUE
At 30 April 2024 - - -
At 30 April 2023 438 488 926

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 731,725
Additions 110,313
Revaluations 165,962
At 30 April 2024 1,008,000
DEPRECIATION
At 1 May 2023 25,092
Revaluation adjustments (25,092 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 1,008,000
At 30 April 2023 706,633

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 165,962
Cost 842,038
1,008,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 5,800 4,170

Strafford Homes Ltd (Registered number: 11959534)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors (1 ) -
Tax 4,098 3,393
Other creditors 5,800 4,170
Directors' loan accounts 174,907 168,549
Deferred income 1,155 1,155
Accrued expenses 1,008 1,008
186,967 178,275

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 663,147 588,967

9. RESERVES
Revaluation
reserve
£   
Cash share issue 191,054

At 30 April 2024 191,054

10. RELATED PARTY DISCLOSURES

The company is controlled by the company director.