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REGISTERED NUMBER: 07213124 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ENGLISH VILLAGE HOMES LIMITED

ENGLISH VILLAGE HOMES LIMITED (REGISTERED NUMBER: 07213124)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ENGLISH VILLAGE HOMES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: I D Raffe
B J Raffe





REGISTERED OFFICE: 83 Ducie Street
Manchester
M1 2JQ





REGISTERED NUMBER: 07213124 (England and Wales)





ACCOUNTANTS: TPP Accountants Limited
Chartered Certified Accountants
Obsidian Offices
Chantry Court
Chester
Cheshire
CH1 4QN

ENGLISH VILLAGE HOMES LIMITED (REGISTERED NUMBER: 07213124)

ABRIDGED BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 690,000 665,000

CURRENT ASSETS
Debtors 500 500
Cash at bank 352 736
852 1,236
CREDITORS
Amounts falling due within one year 335,706 182,937
NET CURRENT LIABILITIES (334,854 ) (181,701 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,146

483,299

CREDITORS
Amounts falling due after more than one
year

6

-

(156,131

)

PROVISIONS FOR LIABILITIES 8 (40,000 ) (32,800 )
NET ASSETS 315,146 294,368

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 199,746 199,746
Retained earnings 114,400 93,622
SHAREHOLDERS' FUNDS 315,146 294,368

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 directors acknowledge their 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.

ENGLISH VILLAGE HOMES LIMITED (REGISTERED NUMBER: 07213124)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





B J Raffe - Director


ENGLISH VILLAGE HOMES LIMITED (REGISTERED NUMBER: 07213124)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

English Village Homes Limited (company number 07213124) is a private company limited by shares, registered in England and Wales. Its registered office is 83 Ducie Street, Manchester, M1 2JQ

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company receives regular income from its investment property. The directors consider that the company has adequate resources to continue in operational existence for te foreseeable future. Therefore, the directors continue to adopt the going concern basis of accounting when preparing the annual financial statements. Furthermore, the financial statements have been prepared on the basis that continued support will be given by the company's creditors.

Turnover
Turnover represents rental income receivable during the year.

Investment property
Investment properties are properties held to earn rentals and/or capital appreciation. Investment properties are initially measured at cost plus transaction costs. Subsequently, Investment properties are measured at fair value. Investment property valuations are based upon open market value. Deferred tax is provided on these movements. Gains and losses arising from the changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

Financial instruments
The following assets and liabilities are classified as financial instruments - Trade debtors, Trade creditors, Loans and directors' loans. Loans are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method less impairment. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Retained Earnings.

Taxation
Taxation for the year represents the sum of current and deferred tax. The company's liability for current tax is calculated using rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled, based upon tax rates that have been enacted or substantively enacted by the end of the reporting period.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ENGLISH VILLAGE HOMES LIMITED (REGISTERED NUMBER: 07213124)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Provisions
Provisions are recognised where it is probable that a present obligation exists as a result of an event prior to the Balance Sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 665,000
Fair value adjustments 25,000
At 30 April 2024 690,000
NET BOOK VALUE
At 30 April 2024 690,000
At 30 April 2023 665,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2013 7,204
Valuation in 2014 42,944
Valuation in 2015 10,000
Valuation in 2016 30,275
Valuation in 2017 5,509
Valuation in 2018 (6,500 )
Valuation in 2020 15,000
Valuation in 2021 25,000
Valuation in 2022 50,000
Valuation in 2024 25,000
Cost 485,568
690,000

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.4.24 30.4.23
£    £   
Repayable otherwise than by instalments
Property loans - 156,131

ENGLISH VILLAGE HOMES LIMITED (REGISTERED NUMBER: 07213124)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Property loans - 156,131

The loans secured by a floating charge over the company's properties were redeemed during the year.

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 40,000 32,800

Deferred
tax
£   
Balance at 1 May 2023 32,800
Provided during year 7,200
Balance at 30 April 2024 40,000

9. RELATED PARTY DISCLOSURES

At 30 April 2024 the company owed £200,089 (2023: £179,699) to the director, Mr I D Raffe. No interest has been charged to the company in respect of this loan which is repayable on demand and is classified in Creditors due within one year.