Director |
|
Company Number |
|
Registered Office | Edwards House Lakeside Business Village |
St Davids Park | |
Ewloe | |
Flintshire | |
CH5 3XA | |
Accountants |
|
|
|
Halkyn Street | |
Holywell | |
Flintshire | |
CH8 7TX | |
Auditors
|
CLA Evelyn Partners Limited
|
103 Colmore Row
|
|
Birmingham
|
|
B3 3AG
|
|
Director
|
30/01/2025
|
|
Director
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|
for and on behalf of
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|
2024 | 2023 as restated |
|||
---|---|---|---|---|
Notes | £ | £ | ||
TURNOVER |
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||
Cost of sales |
( |
( |
||
GROSS PROFIT |
|
|
||
Administrative expenses |
( |
( |
||
Other operating income |
|
|
||
OPERATING PROFIT |
|
|
||
Loss on disposal of fixed assets |
( |
|
||
Other interest receivable and similar income |
|
|
||
Interest payable and similar charges |
( |
( |
||
PROFIT BEFORE TAXATION |
|
|
||
Tax on Profit | 6 |
( |
|
|
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
|
|
||
2024 | 2023 as restated |
|||
---|---|---|---|---|
£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
|
|
||
OTHER COMPREHENSIVE INCOME: | ||||
Loss on revaluation of investment properties |
( |
|
||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
|
||
2024 | 2023 as restated |
||||
---|---|---|---|---|---|
Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 8 |
|
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||
Investment Properties | 9 |
|
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||
Investments | 10 |
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CURRENT ASSETS | |||||
Stocks | 11 |
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Debtors | 12 |
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||
Cash at bank and in hand |
|
|
|||
|
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||||
Creditors: Amounts Falling Due Within One Year | 13 |
( |
( |
||
NET CURRENT ASSETS (LIABILITIES) |
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|
|||
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
Creditors: Amounts Falling Due After More Than One Year | 14 |
( |
( |
||
PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 16 |
( |
( |
||
NET ASSETS |
|
|
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CAPITAL AND RESERVES | |||||
Called up share capital | 17 |
|
|
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Revaluation reserve |
|
|
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Capital redemption reserve |
|
|
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Income Statement |
|
|
|||
SHAREHOLDERS' FUNDS | 7,703,299 | 6,130,924 | |||
Director
|
|
Share Capital | Revaluation reserve | Capital Redemption | Income Statement | Total | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
As at 1 February 2022 |
|
|
|
|
6,026,947 |
Profit for the year and total comprehensive income | - | - | - |
|
503,977 |
Dividends paid | - | - | - | (400,000) | (400,000) |
As at 31 January 2023 and 1 February 2023 as restated |
|
|
|
|
6,130,924 |
Profit for year | - | - | - | 1,591,768 |
|
Deficit on revaluation | - | (19,393) | - | - | (19,393) |
Other comprehensive income for the year | - |
( |
- |
|
( |
Total comprehensive income for the year | - | (19,393) | - |
|
1,572,375 |
As at 31 January 2024 |
|
|
|
|
7,703,299 |
Prior Year Adjustment
|
|||||
At 1st February 2022 as originally stated
|
2
|
50,000
|
238,478
|
7,717,445
|
8,005,925
|
Prior Year Adjustment
|
-
|
-
|
-
|
(1,978,978)
|
(1,978,978)
|
As at 1st February 2022 restated
|
2
|
50,000
|
238,478
|
5,738,467
|
6,026,947
|
2024 | 2023 as restated |
|||
---|---|---|---|---|
Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from/(used in) operations | 1 |
|
( |
|
Interest paid |
( |
( |
||
Tax paid |
( |
( |
||
Net cash generated from/(used in) operating activities |
|
( |
||
Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
||
Proceeds from disposal of tangible assets |
|
|
||
Purchase of investment in subsidiary undertaking |
( |
|
||
Interest received |
|
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||
Net cash generated from investing activities |
|
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||
Cash flows from financing activities | ||||
Equity dividends paid |
|
( |
||
Repayment of bank borrowings |
( |
( |
||
Proceeds from new other loans | - | 1,628,546 | ||
Repayment of other loans | (4,675,315) | - | ||
Repayment of finance leases |
|
( |
||
Amount introduced by directors | - | 16,442 | ||
Amount withdrawn by directors | (789,196) | - | ||
Net cash (used in)/generated from financing activities |
( |
|
||
Increase/(decrease) in cash and cash equivalents |
|
( |
||
Cash and cash equivalents at beginning of year | 2 |
|
|
|
Cash and cash equivalents at end of year | 2 |
|
|
|
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Profit for the financial year |
|
|
|
Adjustments for: | |||
Tax on profit |
|
( |
|
Interest expense |
|
|
|
Interest income |
( |
( |
|
Depreciation of tangible assets |
|
|
|
Loss on disposal of tangible assets | 4,427 | - | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
|
( |
|
Decrease in trade and other debtors |
|
|
|
Increase/(decrease) in trade and other creditors |
|
( |
|
Net cash generated from/(used in) operations |
|
( |
|
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Cash at bank and in hand |
|
|
|
As at 1 February 2023 | Cash flows | As at 31 January 2024 | |
---|---|---|---|
£ | £ | £ | |
Cash at bank and in hand |
|
2,797,582 |
|
Debts falling due within one year |
( |
4,700,665 |
( |
Debts falling due after more than one year | (397,347) | 123,143 | (274,204) |
(4,208,820) | 7,621,390 | 3,412,570 | |
Freehold |
|
Plant & Machinery |
|
Motor Vehicles |
|
Fixtures & Fittings |
|
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Audit Services | |||
Audit of the company's financial statements |
|
|
|
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other pension costs |
|
|
|
|
|
||
The tax charge/(credit) on the profit for the year was as follows:
|
|||||
Tax Rate | 2024 | 2023 as restated |
|||
---|---|---|---|---|---|
2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
|
|
|
Prior period adjustment |
|
( |
|||
|
|
||||
Deferred Tax | |||||
Deferred taxation |
( |
( |
|||
Total tax charge for the period |
|
( |
|||
The actual charge/(credit) for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
|
|||||
2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 1,834,608 | 495,693 | |||
Tax on profit at 25% (UK standard rate) |
|
|
|||
Goodwill/depreciation not allowed for tax |
|
|
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Expenses not deductible for tax purposes |
|
|
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Tax losses utilised |
( |
|
|||
Capital allowances |
( |
( |
|||
Research and Development tax credit |
|
( |
|||
Total tax charge for the period | 242,840 | - | |||
Land & Property | |||||
---|---|---|---|---|---|
Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 February 2023 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
|
( |
( |
( |
( |
Transfers |
( |
|
|
|
( |
As at 31 January 2024 |
|
|
|
|
|
Depreciation | |||||
As at 1 February 2023 |
|
|
|
|
|
Provided during the period |
|
|
|
|
|
Disposals |
|
|
( |
( |
( |
Transfers |
( |
|
|
|
( |
As at 31 January 2024 |
|
|
|
|
|
Net Book Value | |||||
As at 31 January 2024 |
|
|
|
|
|
As at 1 February 2023 |
|
|
|
|
|
2024 | |
---|---|
£ | |
Fair Value | |
As at 1 February 2023 |
|
Transfers |
|
As at 31 January 2024 |
|
Subsidiaries | |
---|---|
£ | |
Cost | |
As at 1 February 2023 |
|
Additions |
|
As at 31 January 2024 |
|
Provision | |
As at 1 February 2023 |
|
As at 31 January 2024 |
|
Net Book Value | |
As at 31 January 2024 |
|
As at 1 February 2023 |
|
Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
---|---|---|---|---|
|
Edwards House |
|
|
- |
|
Edwards House |
|
|
- |
|
Edwards House |
|
|
100.00% |
|
Edwards House |
|
|
- |
|
Edwards House |
|
|
- |
|
Edwards House |
|
|
- |
Capital and Reserves | Profit/(loss) | |
---|---|---|
£ | £ | |
Edwards Homes (Mayfield) Ltd |
|
|
Edwards Homes Developments Ltd |
|
|
Mayfield Open Space Management Ltd |
( |
|
Canal Walk Christleton Ltd |
|
|
Broad oak Open Space Management Ltd |
|
|
Edwards Homes (Hollybrook Park) Ltd |
|
|
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Stock |
|
|
|
Work in progress |
|
|
|
|
|
||
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Other debtors |
|
|
|
VAT |
|
|
|
Director's loan account |
|
- | |
Amounts owed by group undertakings |
|
|
|
|
|
||
Due after more than one year | |||
Amounts owed by group undertakings | - |
|
|
|
|
||
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Trade creditors |
|
|
|
Bank loans and overdrafts |
|
|
|
Other loans | - |
|
|
Corporation tax |
|
|
|
Other taxes and social security |
|
|
|
Other creditors |
|
|
|
Retentions |
|
|
|
Accruals and deferred income |
|
|
|
Amounts owed to group undertakings | - |
|
|
|
|
||
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Bank loans |
|
|
|
Other creditors | - | 45,679 | |
|
|
||
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Amounts falling due within one year or on demand: | |||
Bank loans |
|
|
|
Other loans | - |
|
|
|
|
||
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Amounts falling due between one and five years: | |||
Bank loans |
|
|
|
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
Other timing differences | 95,317 | 97,893 | |
As at 1 February 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2024 | |
---|---|---|---|---|---|
£ | £ | £ | £ | £ | |
Mr Neil Edwards |
( |
|
|
- |
|
2024 | 2023 as restated |
||
---|---|---|---|
£ | £ | ||
On equity shares: | |||
Final dividend paid | - |
|
|