Registration number:
House Builder XL Limited
for the Year Ended 30 September 2024
Pages for filing with Registrar
House Builder XL Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
House Builder XL Limited
Company Information
Directors |
A L Wild J M Mulgrew J L Pizzey S Mulgrew |
Registered office |
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Registered number |
03959121 |
Accountants |
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House Builder XL Limited
(Registration number: 03959121)
Balance Sheet as at 30 September 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Intangible assets |
1,130 |
- |
|
Tangible assets |
4,184 |
4,787 |
|
5,314 |
4,787 |
||
Current assets |
|||
Stocks |
177 |
632 |
|
Debtors |
2,804,387 |
2,555,680 |
|
Cash at bank and in hand |
61,044 |
163,402 |
|
2,865,608 |
2,719,714 |
||
Creditors: Amounts falling due within one year |
(748,867) |
(701,227) |
|
Net current assets |
2,116,741 |
2,018,487 |
|
Total assets less current liabilities |
2,122,055 |
2,023,274 |
|
Creditors: Amounts falling due after more than one year |
(66,630) |
(137,964) |
|
Net assets |
2,055,425 |
1,885,310 |
|
Capital and reserves |
|||
Called up share capital |
2,000 |
2,000 |
|
Share premium reserve |
219,360 |
219,360 |
|
Profit and loss account |
1,834,065 |
1,663,950 |
|
Total equity |
2,055,425 |
1,885,310 |
House Builder XL Limited
(Registration number: 03959121)
Balance Sheet as at 30 September 2024
For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
.........................................
Director
House Builder XL Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The company's financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be adequate for the company's needs. The directors have a reasonable expectation that funding will be available for a period no shorter than twelve months from the date of approval of these financial statements. Accordingly, these financial statements have been prepared on the going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
House Builder XL Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Government grants
Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.
The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Furniture, fittings and equipment |
33% on cost |
Intangible fixed assets
Separately acquired licences and trade-marks are shown at historical cost and are subsequently carried at cost less accumulated amortisation.
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Trade-marks |
Over 10 years |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks comprise direct materials and are stated at cost.
Trade creditors
Trade creditors are recognised at the transaction price.
House Builder XL Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense when the services are received.
The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.
Staff numbers |
The average number of persons employed by the company (excluding directors) during the year, was
House Builder XL Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Intangible fixed assets |
Trade-marks
|
|
Cost |
|
At 1 October 2023 |
- |
Additions |
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At 30 September 2024 |
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Carrying amount |
|
At 30 September 2024 |
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At 30 September 2023 |
- |
Tangible fixed assets |
Furniture, fittings and equipment |
|
Cost |
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At 1 October 2023 |
|
Additions |
|
At 30 September 2024 |
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Depreciation |
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At 1 October 2023 |
|
Charge for the year |
|
At 30 September 2024 |
|
Carrying amount |
|
At 30 September 2024 |
|
At 30 September 2023 |
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House Builder XL Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Debtors: amounts falling due within one year |
2024 |
2023 |
|
Trade debtors |
78,419 |
84,189 |
Amounts owed by group undertakings |
2,706,696 |
2,455,675 |
Other debtors |
3,228 |
2,422 |
Prepayments and accrued income |
16,044 |
13,394 |
2,804,387 |
2,555,680 |
Creditors |
2024 |
2023 |
|
Amounts falling due within one year |
||
Bank loans and overdrafts |
89,139 |
67,250 |
Trade creditors |
18,586 |
19,852 |
Taxation and social security |
43,292 |
33,280 |
Other creditors |
3,100 |
821 |
Amounts owed to group undertakings |
589,044 |
573,434 |
Accruals and deferred income |
4,126 |
6,590 |
Corporation tax |
1,580 |
- |
748,867 |
701,227 |
2024 |
2023 |
|
Due after one year |
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Loans and borrowings |
66,630 |
137,964 |
House Builder XL Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
|
|
|
2,000 |
|
2,000 |
Obligations under leases |
Operating leases
The total of future minimum lease payments is as follows:
2024 |
2023 |
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|
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Related party transactions |
Receivables from related parties
2024 |
Parent |
Entities under common control |
Amounts receivable from related party |
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|
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2023 |
Parent |
Entities under common control |
Amounts receivable from related party |
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House Builder XL Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Payables to related parties
2024 |
Parent |
Entities under common control |
Amounts payable to related party |
- |
|
|
2023 |
Parent |
Entities under common control |
Amounts payable to related party |
- |
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