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Registered number: 12525676
Edwards Homes (St Helens) Ltd
Strategic Report, Director's Report and
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Strategic Report 1
Director's Report 2
Independent Auditor's Report 3—6
Income Statement 7
Statement of Comprehensive Income 8
Statement of Financial Position 9
Statement of Changes in Equity 10
Statement of Cash Flows 11
Notes to the Statement of Cash Flows 12
Notes to the Financial Statements 13—14
Page 1
Strategic Report
The director presents his strategic report for the year ended 31 January 2024.
Principal Activity
The company's principal activity was that of residential house building.
The company operated as a specific site company and will now be wound down as the development is completed.
On behalf of the board
Mr Neil Edwards
Director
30/01/2025
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 31 January 2024.
Future Developments
It is the intention of the directors to dissolve the company in due course. The financial statements of the company has been prepared on a basis other than going concern. Further details regarding the adoption of the basis other than going concern can be found in Note 2.2 in the statement of accounting policies in the financial statements. 
Directors
The director who held office during the year were as follows:
Mr Neil Edwards
Statement of Director's Responsibilities
The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Director's Report is approved: 
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Independent Auditors
The auditors, CLA Evelyn Partners Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mr Neil Edwards
Director
30/01/2025
Page 2
Page 3
Independent Auditor's Report
Opinion
We have audited the financial statements of Edwards Homes (St Helens) Ltd (the ‘company’) for the year ended 31 January 2024 which comprise the Income statement, the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Cash Flow Statement and the notes to the financial statements, including significant accounting policies.  The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
  • give a true and fair view of the state of the company’s affairs as at 31 January 2024 and of its profit for the year then ended;  
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.  Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.  We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 
Emphasis of Matter
We draw attention to note 2.2 of the financial statements which explains that the financial statements have not been prepared on a going concern basis for the reasons set out in that note. 
Our opinion is not modified in respect of this matter.
Other Information
The other information comprises the information included in the Strategic Report, Directors' Report and financial statements, other than the financial statements and our auditor’s report thereon.  The directors are responsible for the other information contained within the Strategic report, Directors’ report and financial statements.  Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated.  If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.  If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 
We have nothing to report in this regard. 
Opinions on Other Matters Prescribed by the Companies Act 2006
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
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Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records and returns; or
  • certain disclosures of directors’ remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
Responsibilities of Directors
As explained more fully in the directors’ responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. 
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Page 5
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.  Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.  Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 
Irregularities, including fraud, are instances of non-compliance with laws and regulations.  We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.  The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below: 
We obtained a general understanding of the entity’s legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity’s policies and procedures regarding compliance and how they identify, evaluate and account for any claims that may arise. 
We understand that the entity complies with the framework through:
  • The director’s close involvement in the day-to-day running of the business, meaning that any litigation or claims would come to their attention directly;
  • Outsourcing accounting and tax compliance to qualified external experts. 
In the context of the audit, we considered those laws and regulations which determine the form and content of the financial statements, which are central to the entity's ability to conduct its business, and where there is a risk that failure to comply could result in material penalties. We identified the following laws and
regulations as being of significance in the context of the entity:
  • The Companies Act 2006 and FRS 102 in respect of the preparation and presentation of the financial statements.
  • Health and Safety legislation
We performed the following specific procedures to gain evidence about compliance with the significant laws and regulations identified above: 
  • Review of the procedures management has implemented over compliance with relevant regulations. 
  • Obtaining written management representations that they disclosed to us all known instances of noncompliance or suspected non-compliance with laws and regulations and accounted for and disclosed all known actual or possible litigation and claims in the financial statements;
  • Inquired about the nature of any inquiries or correspondence with the Health & Safety Executive;
  • Review of legal expenditure accounts to understand the nature of expenditure incurred.
The senior statutory auditor led a discussion with all members of the engagement team regarding the susceptibility of the entity’s financial statements to material misstatement, including how fraud might occur. The key areas identified as part of the discussion were:
  • Manipulation of the financial statements through posting of manual journals. 
We have rebutted a fraud risk over revenue recognition due to the straight-forward nature of recognising revenue based on the legal completion of house sales. 
Audit procedures performed by the engagement team on the areas where fraud might occur included:
  • Testing a sample of journal entries, selected based on specific risk assessments applied on the company’s processes and controls surrounding manual journals.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities.  This description forms part of our auditor’s report.
Page 5
Page 6
Use Of Our Report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006.  Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose.  To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Benjamin Stapleton (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited , Statutory Auditor
30/01/2025
Page 6
Page 7
Income Statement
2024 2023
Notes £ £
TURNOVER 4,621,007 8,536,052
Cost of sales (4,617,769 ) (8,272,418 )
GROSS PROFIT 3,238 263,634
Administrative expenses (3,225 ) (1,244 )
OPERATING PROFIT 13 262,390
Other interest receivable and similar income 5 1 -
Interest payable and similar charges 6 - (262,390 )
PROFIT FOR THE FINANCIAL YEAR 14 -
The notes on pages 12 to 14 form part of these financial statements.
Page 7
Page 8
Statement of Comprehensive Income
2024 2023
£ £
PROFIT FOR THE FINANCIAL YEAR 14 -
OTHER COMPREHENSIVE INCOME FOR THE YEAR - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 14 -
Page 8
Page 9
Statement of Financial Position
Registered number: 12525676
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 7 - 277,309
Debtors 8 - 310,399
Cash at bank and in hand 15 546
15 588,254
Creditors: Amounts Falling Due Within One Year 9 - (588,253 )
NET CURRENT ASSETS (LIABILITIES) 15 1
TOTAL ASSETS LESS CURRENT LIABILITIES 15 1
NET ASSETS 15 1
CAPITAL AND RESERVES
Called up share capital 10 1 1
Income Statement 14 -
SHAREHOLDERS' FUNDS 15 1
On behalf of the board
Mr Neil Edwards
Director
30/01/2025
The notes on pages 12 to 14 form part of these financial statements.
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Page 10
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 1 February 2022 1 - 1
Profit for the year and total comprehensive income - - -
As at 31 January 2023 and 1 February 2023 1 - 1
Profit for the year and total comprehensive income - 14 14
As at 31 January 2024 1 14 15
Page 10
Page 11
Statement of Cash Flows
2024 2023
Notes £ £
Cash flows from operating activities
Net cash (used in)/generated from operations 1 (532 ) 2,343,677
Interest paid - (262,390 )
Net cash (used in)/generated from operating activities (532 ) 2,081,287
Cash flows from investing activities
Interest received 1 -
Cash flows from financing activities
Repayment of bank borrowings - (4,219,447 )
Decrease in cash and cash equivalents (531 ) (2,138,160 )
Cash and cash equivalents at beginning of year 2 546 2,138,706
Cash and cash equivalents at end of year 2 15 546
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Notes to the Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash (used in)/generated from operations
2024 2023
£ £
Profit for the financial year 14 -
Adjustments for:
Interest expense - 262,390
Interest income (1 ) -
Movements in working capital:
Decrease in stocks 277,309 642,260
Decrease in trade and other debtors 310,399 1,926,921
Decrease in trade and other creditors (588,253 ) (487,894 )
Net cash (used in)/generated from operations (532 ) 2,343,677
2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2024 2023
£ £
Cash at bank and in hand 15 546
3. Analysis of changes in net funds
As at 1 February 2023 Cash flows As at 31 January 2024
£ £ £
Cash at bank and in hand 546 (531) 15
Page 12
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Notes to the Financial Statements
1. General Information
Edwards Homes (St Helens) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12525676 . The registered office is Edwards House Lakeside Business Village, St Davids Park, Ewloe, Flintshire, CH5 3XA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Going Concern Disclosure
The company is no longer trading and it is the intention of the directors to dissolve the Company in due course. 
In the above circumstances UK accounting standards do not permit the financial statements to be prepared on a going concern basis. No adjustments were required as a result of the financial statements being prepared on a basis other than the going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of houses and from the rendering of services.
Sale of goods
Turnover from the sale of houses is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the legal completion of the house sale.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Auditor's Remuneration
Remuneration received by the company's auditors and their associates from the company's parent company during the year was as follows:
2024 2023
£ £
Audit Services
Audit of the company's financial statements 10,732 -
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4. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
5. Interest Receivable and Similar Income
2024 2023
£ £
Bank interest receivable 1 -
6. Interest Payable and Similar Charges
2024 2023
£ £
Bank loans and overdrafts - 262,390
7. Stocks
2024 2023
£ £
Work in progress - 277,309
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 44,879
Amounts owed by group undertakings - 263,564
Other debtors - 1,956
- 310,399
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings - 588,253
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
11. Controlling Parties
The company's immediate parent undertaking is Edwards Homes Group Ltd .
The ultimate parent undertaking is Edwards Homes Group Ltd (incorporated in England & Wales). Its registered office is Edwards House, Lakeside Business Village, St David's Park, Ewloe, Flintshire, CH5 3XA. .
Copies of the group accounts may be obtained from the company's registered office.
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