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REGISTERED NUMBER: 11699473 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

HOMES OF CORNWALL (WEST) LTD

HOMES OF CORNWALL (WEST) LTD (REGISTERED NUMBER: 11699473)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOMES OF CORNWALL (WEST) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: J Praill





REGISTERED OFFICE: 12 Fore Street
Barripper
Camborne
Cornwall
TR14 0QR





REGISTERED NUMBER: 11699473 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

HOMES OF CORNWALL (WEST) LTD (REGISTERED NUMBER: 11699473)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,800
Tangible assets 5 2,444 4,529
2,444 7,329

CURRENT ASSETS
Debtors 6 89,881 36,400
Cash at bank 13,650 447
103,531 36,847
CREDITORS
Amounts falling due within one year 7 49,427 20,653
NET CURRENT ASSETS 54,104 16,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,548

23,523

CREDITORS
Amounts falling due after more than one
year

8

(13,805

)

(13,400

)

PROVISIONS FOR LIABILITIES (611 ) (860 )
NET ASSETS 42,132 9,263

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 42,131 9,262
42,132 9,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

HOMES OF CORNWALL (WEST) LTD (REGISTERED NUMBER: 11699473)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 17 January 2025 and were signed by:





J Praill - Director


HOMES OF CORNWALL (WEST) LTD (REGISTERED NUMBER: 11699473)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Homes of Cornwall (West) 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.

The balance sheet shows net current liabilities at the year end, and is reliant upon the support of the company's creditors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised to turnover as follows;

i) House sales- when the contract for sale has unconditionally completed.
ii) Services rendered - as the services are rendered to the client.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Territory rights is being amortised evenly over its estimated useful life of five years.

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 cost

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.

HOMES OF CORNWALL (WEST) LTD (REGISTERED NUMBER: 11699473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 14,000
AMORTISATION
At 1 December 2022 11,200
Charge for year 2,800
At 30 November 2023 14,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 2,800

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 10,421
DEPRECIATION
At 1 December 2022 5,892
Charge for year 2,085
At 30 November 2023 7,977
NET BOOK VALUE
At 30 November 2023 2,444
At 30 November 2022 4,529

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other debtors 89,881 36,400

HOMES OF CORNWALL (WEST) LTD (REGISTERED NUMBER: 11699473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 2,663 3,350
Trade creditors 2,056 1,929
Taxation and social security 40,994 13,514
Other creditors 3,714 1,860
49,427 20,653

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 13,805 13,400

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
as restated
£    £   
J Praill
Balance outstanding at start of year 27,212 -
Amounts advanced 60,174 27,212
Amounts repaid (8,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 79,386 27,212

10. RELATED PARTY DISCLOSURES

At 30 November 2022, the Director owed the company £27,212. During the year, the Director repaid £8,000 to the company, and received advances of £60,174.

At 30 November 2023, the Director owed the company £79,386. The advances from the company are subject to interest of 2.5%.