Company registration number 0519509 (England and Wales)
FINER HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
FINER HOMES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024
31 May 2024
- 1 -
2024
2023
as restated
£
£
£
£
Fixed assets
2,368,798
2,368,798
Current assets
87,414
97,318
Prepayments and accrued income
-
0
2,004
Creditors: amounts falling due within one year
(332,608)
(334,082)
Net current liabilities
(245,194)
(234,760)
Total assets less current liabilities
2,123,604
2,134,038
Accruals and deferred income
(24,145)
(25,499)
Net assets
2,099,459
2,108,539
Capital and reserves
2,099,459
2,108,539
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
3
4
2
Fixed assets - depreciation and impairment

These include investment properties stated at cost less impairment (arising from general fall in values in the localities where the properties are situated) amounting to £2,368,798 (2023 - £2,368,798). No depreciation is provided on these properties as it is the company's practice to maintain these properties in a continual state of sound repair and to extend and make improvements thereto from time to time. Accordingly, the directors consider that the life of these properties (expected to be in excess of 50 years) and residual values (based on prices prevailing at the time of acquisition) are expected to be such that their depreciation is immaterial.

3
Prior year adjustment

A prior year adjustment has been processed for dividends which had previously been misclassified as loan repayments. The prior year adjustment had no impact on profit and loss after tax.

FINER HOMES LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024
31 May 2024
- 2 -

Finer Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor, 31 Kentish Town Road, Camden Town, London, NW1 8NL.

For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 January 2025 and are signed on its behalf by:
Mr N Tamir
Director
Company registration number 0519509 (England and Wales)
2024-05-312023-06-01falsefalseCCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr N TamirMr J TamirMs R A TamirMr J Tamirfalse05195092023-06-012024-05-3105195092024-05-3105195092023-05-310519509core:CurrentFinancialInstrumentscore:WithinOneYear2024-05-310519509core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3105195092022-06-012023-05-310519509bus:Director12023-06-012024-05-310519509bus:PrivateLimitedCompanyLtd2023-06-012024-05-310519509bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-310519509bus:Micro-entities2023-06-012024-05-310519509bus:AuditExemptWithAccountantsReport2023-06-012024-05-310519509bus:Director22023-06-012024-05-310519509bus:Director32023-06-012024-05-310519509bus:CompanySecretary12023-06-012024-05-310519509bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP