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REGISTERED NUMBER: 14829270 (England and Wales)















Methven Homes Ltd

Unaudited Financial Statements

for the Period 26 April 2023 to 30 April 2024






Methven Homes Ltd (Registered number: 14829270)






Contents of the Financial Statements
for the Period 26 April 2023 to 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Methven Homes Ltd (Registered number: 14829270)

Balance Sheet
30 April 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 840
Investment property 5 310,000
310,840

CURRENT ASSETS
Cash at bank 53

CREDITORS
Amounts falling due within one year 6 295,591
NET CURRENT LIABILITIES (295,538 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,302

PROVISIONS FOR LIABILITIES 2,725
NET ASSETS 12,577

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 12,477
12,577

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Methven Homes Ltd (Registered number: 14829270)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Mr W I Methven - Director


Methven Homes Ltd (Registered number: 14829270)

Notes to the Financial Statements
for the Period 26 April 2023 to 30 April 2024

1. STATUTORY INFORMATION

Methven Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14829270

Registered office: Suite 16, Enterprise House
Telford Road
Bicester
Oxon
OX26 4LD

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Methven Homes Ltd (Registered number: 14829270)

Notes to the Financial Statements - continued
for the Period 26 April 2023 to 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,050
At 30 April 2024 1,050
DEPRECIATION
Charge for period 210
At 30 April 2024 210
NET BOOK VALUE
At 30 April 2024 840

Methven Homes Ltd (Registered number: 14829270)

Notes to the Financial Statements - continued
for the Period 26 April 2023 to 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 296,503
Revaluations 13,497
At 30 April 2024 310,000
NET BOOK VALUE
At 30 April 2024 310,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 13,497
Cost 296,503
310,000

If the investment properties had not been revalued they would have been included at the following historical cost:

£   
Cost 296,503

The investment properties were valued on an open market basis on 30 April 2024 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 273
Other creditors 295,318
295,591