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REGISTERED NUMBER: 09335831 (England and Wales)















Financial Statements

for the Year Ended 30 April 2024

for

MASHAM HOMES LTD.

MASHAM HOMES LTD. (REGISTERED NUMBER: 09335831)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASHAM HOMES LTD.

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M N Hansen





REGISTERED OFFICE: Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ





REGISTERED NUMBER: 09335831 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

MASHAM HOMES LTD. (REGISTERED NUMBER: 09335831)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,203 23,025

CURRENT ASSETS
Stock and work in progress 5 1,234,434 740,440
Debtors 6 21,931 23,313
Cash at bank 4,923 230,109
1,261,288 993,862
CREDITORS
Amounts falling due within one year 7 788,303 525,273
NET CURRENT ASSETS 472,985 468,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,188

491,614

PROVISIONS FOR LIABILITIES 5,570 5,841
NET ASSETS 484,618 485,773

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 484,518 485,673
SHAREHOLDERS' FUNDS 484,618 485,773

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 director acknowledges his 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.

MASHAM HOMES LTD. (REGISTERED NUMBER: 09335831)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





M N Hansen - Director


MASHAM HOMES LTD. (REGISTERED NUMBER: 09335831)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Masham 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.

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.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation,

Depreciation is provided at the following annual rates in order to write off each asset to its residual value over its estimated useful life:

Motor vehicles - 25% of reducing balance
Office equipment - 25% of cost

Stock and work in progress
Stock and work in progress of land and buildings are included in the balance sheet at the lower of cost and net realisable value. Cost includes all direct costs specifically attributable to each particular property, including interest payable.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

MASHAM HOMES LTD. (REGISTERED NUMBER: 09335831)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 30,999 522 31,521
DEPRECIATION
At 1 May 2023 8,234 262 8,496
Charge for year 5,691 131 5,822
At 30 April 2024 13,925 393 14,318
NET BOOK VALUE
At 30 April 2024 17,074 129 17,203
At 30 April 2023 22,765 260 23,025

5. STOCK AND WORK IN PROGRESS
2024 2023
£    £   
Land and building work in progress 1,234,434 740,440

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,931 23,313

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,343 53,097
Taxation and social security - 5,161
Other creditors 751,960 467,015
788,303 525,273

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from M N Hansen, director, amounting to £340,363 (2023 - £57,318). The loan is interest free and no terms have been fixed for its repayment.