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Company Registration No. 04388175 (England and Wales)
Baronsmede Family Homes Limited Unaudited accounts for the year ended 30 June 2024
Baronsmede Family Homes Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,229,629 
2,257,076 
Current assets
Cash at bank and in hand
22,801 
7,907 
Creditors: amounts falling due within one year
(839,591)
(852,643)
Net current liabilities
(816,790)
(844,736)
Total assets less current liabilities
1,412,839 
1,412,340 
Creditors: amounts falling due after more than one year
(226,847)
(249,024)
Net assets
1,185,992 
1,163,316 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,185,892 
1,163,216 
Shareholders' funds
1,185,992 
1,163,316 
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. 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 15 October 2024 and were signed on its behalf by
D J Tormey Director Company Registration No. 04388175
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Baronsmede Family Homes Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Baronsmede Family Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 04388175. The registered office is HILLGROVE, LONDON ROAD, CROWBOROUGH, EAST SUSSEX, TN6 1TA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
over the lease term
Plant & machinery
25% on written down value
Fixtures & fittings
25% on written down value
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Baronsmede Family Homes Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
2,485,097 
306,539 
142,891 
2,934,527 
Additions
- 
886 
- 
886 
At 30 June 2024
2,485,097 
307,425 
142,891 
2,935,413 
Depreciation
At 1 July 2023
280,468 
285,144 
111,839 
677,451 
Charge for the year
15,000 
5,570 
7,763 
28,333 
At 30 June 2024
295,468 
290,714 
119,602 
705,784 
Net book value
At 30 June 2024
2,189,629 
16,711 
23,289 
2,229,629 
At 30 June 2023
2,204,629 
21,395 
31,052 
2,257,076 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
71,314 
127,085 
Obligations under finance leases and hire purchase contracts
3,570 
5,340 
Taxes and social security
28,815 
16,859 
Other creditors
735,892 
703,359 
839,591 
852,643 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
226,847 
245,455 
Obligations under finance leases and hire purchase contracts
- 
3,569 
226,847 
249,024 
Aggregate of amounts that fall due for payment after five years
57,798 
80,117 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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