IRIS Accounts Production v24.3.2.46 08506471 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085064712023-08-31085064712024-08-31085064712023-09-012024-08-31085064712022-08-31085064712022-09-012023-08-31085064712023-08-3108506471ns15:EnglandWales2023-09-012024-08-3108506471ns14:PoundSterling2023-09-012024-08-3108506471ns10:Director12023-09-012024-08-3108506471ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108506471ns10:SmallEntities2023-09-012024-08-3108506471ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3108506471ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108506471ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108506471ns10:FullAccounts2023-09-012024-08-3108506471ns10:OrdinaryShareClass12023-09-012024-08-3108506471ns10:Director22023-09-012024-08-3108506471ns10:Director32023-09-012024-08-3108506471ns10:Director42023-09-012024-08-3108506471ns10:RegisteredOffice2023-09-012024-08-3108506471ns5:CurrentFinancialInstruments2024-08-3108506471ns5:CurrentFinancialInstruments2023-08-3108506471ns5:Non-currentFinancialInstruments2024-08-3108506471ns5:Non-currentFinancialInstruments2023-08-3108506471ns5:ShareCapital2024-08-3108506471ns5:ShareCapital2023-08-3108506471ns5:RetainedEarningsAccumulatedLosses2024-08-3108506471ns5:RetainedEarningsAccumulatedLosses2023-08-3108506471ns5:PlantMachinery2023-09-012024-08-3108506471ns5:MotorVehicles2023-09-012024-08-3108506471ns5:ComputerEquipment2023-09-012024-08-3108506471ns5:PlantMachinery2023-08-3108506471ns5:MotorVehicles2023-08-3108506471ns5:ComputerEquipment2023-08-3108506471ns5:PlantMachinery2024-08-3108506471ns5:MotorVehicles2024-08-3108506471ns5:ComputerEquipment2024-08-3108506471ns5:PlantMachinery2023-08-3108506471ns5:MotorVehicles2023-08-3108506471ns5:ComputerEquipment2023-08-3108506471ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3108506471ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-08-3108506471ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3108506471ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108506471ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3108506471ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 08506471 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Dukeries Homes Limited

Dukeries Homes Limited (Registered number: 08506471)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Dukeries Homes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A D Wilson
S Clarke
Mrs S Clarke
Mrs G Wilson





REGISTERED OFFICE: 1 The Grange
Mansfield
Nottinghamshire
NG18 4BA





REGISTERED NUMBER: 08506471 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dukeries 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 Dukeries Homes Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Dukeries 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 Dukeries Homes Limited and state those matters that we have agreed to state to the Board of Directors of Dukeries 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 Dukeries Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dukeries 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 Dukeries Homes Limited. You consider that Dukeries 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 Dukeries 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


6 February 2025

Dukeries Homes Limited (Registered number: 08506471)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 268,666 336,830

CURRENT ASSETS
Stocks 10,145,328 10,900,499
Debtors 5 463,515 167,634
Cash at bank 3,446,981 2,606,646
14,055,824 13,674,779
CREDITORS
Amounts falling due within one year 6 3,044,255 4,632,062
NET CURRENT ASSETS 11,011,569 9,042,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,280,235

9,379,547

CREDITORS
Amounts falling due after more than one
year

7

(163,270

)

(183,846

)

PROVISIONS FOR LIABILITIES (24,159 ) (27,641 )
NET ASSETS 11,092,806 9,168,060

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 11,092,802 9,168,056
SHAREHOLDERS' FUNDS 11,092,806 9,168,060

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

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

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 6 February 2025 and were signed on its behalf by:





A D Wilson - Director


Dukeries Homes Limited (Registered number: 08506471)

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

1. STATUTORY INFORMATION

Dukeries 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 represents the value of contracting work undertaken during the year, excluding value added tax.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock and work in progress, which includes the cost of property together with all other directly attributable costs, are stated at the lower of cost and net realisable value. Costs of property purchased for development and resale includes the following:

Costs of acquisition
Legal fees on acquisition
Planning fees and related costs
Costs of development
Professional fees relating to acquisition and development

Net realisable value is based on actual or estimated sales proceeds less further costs expected to be incurred to completion.

Purchases and sales of properties are accounted for on completion of contracts.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


Dukeries Homes Limited (Registered number: 08506471)

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

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 165,024 266,095 7,563 438,682
Additions 1,679 - 5,463 7,142
At 31 August 2024 166,703 266,095 13,026 445,824
DEPRECIATION
At 1 September 2023 60,545 38,475 2,832 101,852
Charge for year 16,031 56,905 2,370 75,306
At 31 August 2024 76,576 95,380 5,202 177,158
NET BOOK VALUE
At 31 August 2024 90,127 170,715 7,824 268,666
At 31 August 2023 104,479 227,620 4,731 336,830

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 266,095
DEPRECIATION
At 1 September 2023
and 31 August 2024 38,475
NET BOOK VALUE
At 31 August 2024 227,620
At 31 August 2023 227,620

Dukeries Homes Limited (Registered number: 08506471)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,336 6,957
Other debtors 450,179 160,677
463,515 167,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 75,211 153,589
Hire purchase contracts 20,576 18,831
Trade creditors 1,008,338 1,191,202
Taxation and social security 446,241 85,335
Other creditors 1,493,889 3,183,105
3,044,255 4,632,062

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 163,270 183,846

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 183,846 202,677

The debt is secured on the asset of which the liability relates to.

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4