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REGISTERED NUMBER: 04165958 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Acton Homes Limited

Acton Homes Limited (Registered number: 04165958)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Acton Homes Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs M Cake
Mr A Cake





SECRETARY: Mrs M Cake





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 04165958 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Acton Homes Limited (Registered number: 04165958)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,943 69,928
Investment property 5 15,693,892 15,693,892
15,749,835 15,763,820

CURRENT ASSETS
Stocks 1,491,534 790,466
Debtors 6 15,288 7,033
Cash at bank 177,854 -
1,684,676 797,499
CREDITORS
Amounts falling due within one year 7 3,129,679 571,124
NET CURRENT (LIABILITIES)/ASSETS (1,445,003 ) 226,375
TOTAL ASSETS LESS CURRENT LIABILITIES 14,304,832 15,990,195

CREDITORS
Amounts falling due after more than one year 8 (6,539,700 ) (8,342,149 )

PROVISIONS FOR LIABILITIES (13,986 ) -
NET ASSETS 7,751,146 7,648,046

CAPITAL AND RESERVES
Called up share capital 10 740,597 740,597
Share premium 11 6,665,355 6,665,355
Retained earnings 11 345,194 242,094
SHAREHOLDERS' FUNDS 7,751,146 7,648,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Acton Homes Limited (Registered number: 04165958)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr A Cake - Director


Acton Homes Limited (Registered number: 04165958)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Acton Homes Limited 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.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Acton Homes Limited (Registered number: 04165958)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 33,230 48,990 692 82,912
DEPRECIATION
At 1 April 2023 7,579 5,239 166 12,984
Charge for year 5,130 8,750 105 13,985
At 31 March 2024 12,709 13,989 271 26,969
NET BOOK VALUE
At 31 March 2024 20,521 35,001 421 55,943
At 31 March 2023 25,651 43,751 526 69,928

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 31,285
DEPRECIATION
At 1 April 2023 2,086
Charge for year 5,840
At 31 March 2024 7,926
NET BOOK VALUE
At 31 March 2024 23,359
At 31 March 2023 29,199

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 15,693,892
NET BOOK VALUE
At 31 March 2024 15,693,892
At 31 March 2023 15,693,892

The investment properties were valued on an open market basis on 31/3/24 by the directors.

Acton Homes Limited (Registered number: 04165958)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 1,708
VAT 15,288 5,325
15,288 7,033

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,001,182 354,921
Hire purchase contracts 3,997 3,997
Trade creditors 62,794 13,994
Tax 56,658 7,959
Social security and other taxes 163 -
CIS payments 3,066 -
Directors' current accounts 149 124,562
Accrued expenses 1,670 65,691
3,129,679 571,124

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 1 -2 years 9,183 8,959
Bank loans - 2-5 years 744,446 54,075
Bank loans more 5 yrs non-inst 5,764,635 8,253,000
Hire purchase contracts 21,436 26,115
6,539,700 8,342,149

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 5,764,635 8,253,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 9,519,446 8,324,993

The bank loans are secured on the properties owned by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
740,597 Ordinary £1 740,597 740,597

Acton Homes Limited (Registered number: 04165958)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 242,094 6,665,355 6,907,449
Profit for the year 121,600 121,600
Dividends (18,500 ) (18,500 )
At 31 March 2024 345,194 6,665,355 7,010,549

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Acton Homes Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Acton Homes Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Acton Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Acton Homes Limited and state those matters that we have agreed to state to the Board of Directors of Acton Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Acton Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Acton Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Acton Homes Limited. You consider that Acton Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Acton Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


29 January 2025