IRIS Accounts Production v24.2.0.383 SC564869 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5648692023-05-31SC5648692024-05-31SC5648692023-06-012024-05-31SC5648692022-05-31SC5648692022-06-012023-05-31SC5648692023-05-31SC564869ns15:Scotland2023-06-012024-05-31SC564869ns14:PoundSterling2023-06-012024-05-31SC564869ns10:Director12023-06-012024-05-31SC564869ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC564869ns10:SmallEntities2023-06-012024-05-31SC564869ns10:AuditExemptWithAccountantsReport2023-06-012024-05-31SC564869ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC564869ns10:FullAccounts2023-06-012024-05-31SC564869ns10:RegisteredOffice2023-06-012024-05-31SC564869ns5:CurrentFinancialInstruments2024-05-31SC564869ns5:CurrentFinancialInstruments2023-05-31SC564869ns5:Non-currentFinancialInstruments2024-05-31SC564869ns5:Non-currentFinancialInstruments2023-05-31SC564869ns5:ShareCapital2024-05-31SC564869ns5:ShareCapital2023-05-31SC564869ns5:RetainedEarningsAccumulatedLosses2024-05-31SC564869ns5:RetainedEarningsAccumulatedLosses2023-05-31SC564869ns5:PlantMachinery2023-06-012024-05-31SC564869ns5:MotorVehicles2023-06-012024-05-31SC564869ns5:ComputerEquipment2023-06-012024-05-31SC564869ns5:PlantMachinery2023-05-31SC564869ns5:MotorVehicles2023-05-31SC564869ns5:ComputerEquipment2023-05-31SC564869ns5:PlantMachinery2024-05-31SC564869ns5:MotorVehicles2024-05-31SC564869ns5:ComputerEquipment2024-05-31SC564869ns5:PlantMachinery2023-05-31SC564869ns5:MotorVehicles2023-05-31SC564869ns5:ComputerEquipment2023-05-31SC564869ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31SC564869ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: SC564869 (Scotland)















CLEVEDEN HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






CLEVEDEN HOMES LIMITED (REGISTERED NUMBER: SC564869)

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










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


CLEVEDEN HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: A. McGurk





REGISTERED OFFICE: Flat 1, 4 Cleveden Gardens
Glasgow
Scotland
G12 0PT





REGISTERED NUMBER: SC564869 (Scotland)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLEVEDEN HOMES LIMITED


The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Cleveden Homes Limited for the year ended 31 May 2024 which comprise the Income Statement, Statement of Financial Position, 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 director of Cleveden Homes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cleveden Homes Limited and state those matters that we have agreed to state to the director of Cleveden Homes Limited 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 Cleveden Homes Limited and its director for our work or for this report.

It is your duty to ensure that Cleveden 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 loss of Cleveden Homes Limited. You consider that Cleveden 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 Cleveden 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.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


27 February 2025

CLEVEDEN HOMES LIMITED (REGISTERED NUMBER: SC564869)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,679 11,435

CURRENT ASSETS
Stocks 3,342,667 2,366,295
Debtors 5 58,589 83,806
Cash at bank 1,404 8,790
3,402,660 2,458,891
CREDITORS
Amounts falling due within one year 6 3,400,754 2,450,880
NET CURRENT ASSETS 1,906 8,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,585

19,446

CREDITORS
Amounts falling due after more than one year 7 38,126 -
NET (LIABILITIES)/ASSETS (26,541 ) 19,446

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (26,641 ) 19,346
SHAREHOLDERS' FUNDS (26,541 ) 19,446

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 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.

CLEVEDEN HOMES LIMITED (REGISTERED NUMBER: SC564869)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





A. McGurk - Director


CLEVEDEN HOMES LIMITED (REGISTERED NUMBER: SC564869)

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


1. STATUTORY INFORMATION

Cleveden Homes Limited is a private company, limited by shares , registered in Scotland. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

CLEVEDEN HOMES LIMITED (REGISTERED NUMBER: SC564869)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 8,983 12,845 1,884 23,712
Additions - - 1,376 1,376
At 31 May 2024 8,983 12,845 3,260 25,088
DEPRECIATION
At 1 June 2023 2,246 8,546 1,485 12,277
Charge for year 1,760 1,075 297 3,132
At 31 May 2024 4,006 9,621 1,782 15,409
NET BOOK VALUE
At 31 May 2024 4,977 3,224 1,478 9,679
At 31 May 2023 6,737 4,299 399 11,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 58,589 83,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,987 61,458
Trade creditors 71,381 92,937
Taxation and social security 22,408 9,297
Other creditors 3,280,978 2,287,188
3,400,754 2,450,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 38,126 -