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REGISTERED NUMBER: 08976778 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

CANDOVER HOMES LTD

CANDOVER HOMES LTD (REGISTERED NUMBER: 08976778)






Contents of the Financial Statements
for the year ended 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CANDOVER HOMES LTD

Company Information
for the year ended 30 APRIL 2024







DIRECTORS: Mrs V E Joseph
Mr J C Lester





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 08976778 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

CANDOVER HOMES LTD (REGISTERED NUMBER: 08976778)

Statement of Financial Position
30 APRIL 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 316 371
Investment property 5 396,269 367,809
396,585 368,180

CURRENT ASSETS
Debtors 6 - 930
Cash at bank 2,988 983
2,988 1,913
CREDITORS
Amounts falling due within one year 7 (118,870 ) (236,639 )
NET CURRENT LIABILITIES (115,882 ) (234,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,703

133,454

CREDITORS
Amounts falling due after more than one
year

8

(285,400

)

(135,400

)

PROVISIONS FOR LIABILITIES 9 (79 ) (93 )
NET LIABILITIES (4,776 ) (2,039 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,876 ) (2,139 )
SHAREHOLDERS' FUNDS (4,776 ) (2,039 )

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.

CANDOVER HOMES LTD (REGISTERED NUMBER: 08976778)

Statement of Financial Position - 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 Income Statement 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:




Mr J C Lester - Director



Mrs V E Joseph - Director


CANDOVER HOMES LTD (REGISTERED NUMBER: 08976778)

Notes to the Financial Statements
for the year ended 30 APRIL 2024

1. STATUTORY INFORMATION

Candover Homes Ltd 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.

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.

Turnover
Turnover represents amounts received from sale of properties net of VAT and rents receivable from the properties owned by company. Income is recognised up to the year end date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

No depreciation provided in the year of acquisition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

CANDOVER HOMES LTD (REGISTERED NUMBER: 08976778)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 30 April 2024 1,368
DEPRECIATION
At 1 May 2023 997
Charge for year 55
At 30 April 2024 1,052
NET BOOK VALUE
At 30 April 2024 316
At 30 April 2023 371

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 May 2023 367,809
Additions 28,460
At 30 April 2024 396,269
NET BOOK VALUE
At 30 April 2024 396,269
At 30 April 2023 367,809

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Other debtors - 930

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors - 32
Amounts owed to participating interests 525 1,051
Taxation and social security - 930
Other creditors 118,345 234,626
118,870 236,639

CANDOVER HOMES LTD (REGISTERED NUMBER: 08976778)

Notes to the Financial Statements - continued
for the year ended 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 285,400 135,400

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 285,400 135,400

The bank loans are secured by first legal charges over the properties of the company.

9. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax 79 93

Deferred
tax
£   
Balance at 1 May 2023 93
Provided during year (14 )
Balance at 30 April 2024 79

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed its director £115,092 (2023- £230,092).