Registered number
12122187
Hudson Family Homes Ltd
Filleted Accounts
31 July 2024
Hudson Family Homes Ltd
Registered number: 12122187
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 353,603 354,576
Current assets
Cash at bank and in hand 4,189 1,179
Creditors: amounts falling due within one year 4 (57,724) (55,929)
Net current liabilities (53,535) (54,750)
Total assets less current liabilities 300,068 299,826
Creditors: amounts falling due after more than one year 5 (243,355) (243,355)
Net assets 56,713 56,471
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 105,293 105,293
Profit and loss account (48,680) (48,922)
Shareholders' funds 56,713 56,471
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Hudson
Director
Approved by the board on 14 March 2025
Hudson Family Homes Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Held at market value
Fixtures & Fittings 20% Straight Line
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 350,000 10,088 1,034 361,122
At 31 July 2024 350,000 10,088 1,034 361,122
Depreciation
At 1 August 2023 - 5,956 590 6,546
Charge for the year - 827 146 973
At 31 July 2024 - 6,783 736 7,519
Net book value
At 31 July 2024 350,000 3,305 298 353,603
At 31 July 2023 350,000 4,132 444 354,576
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 57,724 55,929
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 243,355 243,355
6 Revaluation reserve 2024 2023
£ £
At 1 August 2023 105,293 84,976
Gain on revaluation of land and buildings - 20,317
At 31 July 2024 105,293 105,293
7 Other information
Hudson Family Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
117 Mackenzie House
Chadwick Street
Leeds
LS10 1PT
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