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REGISTERED NUMBER: 14029596 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BRIAHAZE VILLAGE HOMES LIMITED

BRIAHAZE VILLAGE HOMES LIMITED (REGISTERED NUMBER: 14029596)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIAHAZE VILLAGE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Jonathan Brian Kitching
Brian George Kitching
Hannah Mary Kitching





REGISTERED OFFICE: Camp Farm
Grewelthorpe
RIPON
North Yorkshire
HG4 3DE





REGISTERED NUMBER: 14029596 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
Unit 4 Beckside Court
Leyburn Business Park
Leyburn
North Yorkshire
DL8 5QA

BRIAHAZE VILLAGE HOMES LIMITED (REGISTERED NUMBER: 14029596)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 169,639 164,740

CURRENT ASSETS
Stocks 3,898,500 3,712,250
Debtors 5 47,613 81,154
Cash at bank 39,237 400,329
3,985,350 4,193,733
CREDITORS
Amounts falling due within one year 6 3,008,303 3,417,317
NET CURRENT ASSETS 977,047 776,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,146,686

941,156

CREDITORS
Amounts falling due after more than
one year

7

(10,652

)

(34,878

)

PROVISIONS FOR LIABILITIES (31,963 ) (28,444 )
NET ASSETS 1,104,071 877,834

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 1,103,971 877,734
1,104,071 877,834

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

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

BRIAHAZE VILLAGE HOMES LIMITED (REGISTERED NUMBER: 14029596)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Jonathan Brian Kitching - Director


BRIAHAZE VILLAGE HOMES LIMITED (REGISTERED NUMBER: 14029596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Briahaze Village 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer Equipment - 25% on reducing balance

STOCKS
Work in progress and stock are valued at the lower of cost and net realisable value.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

BRIAHAZE VILLAGE HOMES LIMITED (REGISTERED NUMBER: 14029596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next rent review at which the rent is expected to be reset to market rates.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the
term of the debt and charged to the profit and loss account at a constant rate on the outstanding
amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery Equipment Totals
£    £    £   
COST
At 1 June 2023 219,372 288 219,660
Additions 67,500 - 67,500
Disposals (8,062 ) - (8,062 )
At 31 May 2024 278,810 288 279,098
DEPRECIATION
At 1 June 2023 54,847 73 54,920
Charge for year 56,500 55 56,555
Eliminated on disposal (2,016 ) - (2,016 )
At 31 May 2024 109,331 128 109,459
NET BOOK VALUE
At 31 May 2024 169,479 160 169,639
At 31 May 2023 164,525 215 164,740

BRIAHAZE VILLAGE HOMES LIMITED (REGISTERED NUMBER: 14029596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 70
Other debtors 47,613 81,084
47,613 81,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 322,143 1,038,170
Hire purchase contracts 13,983 14,453
Trade creditors 1,209,153 1,162,570
Taxation and social security 294,277 228,722
Other creditors 1,168,747 973,402
3,008,303 3,417,317

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,652 20,895
Hire purchase contracts - 13,983
10,652 34,878

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 332,795 1,059,065

The bank loan is secured against the assets of the company.

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.