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REGISTERED NUMBER: 08853279 (England and Wales)















Unaudited Financial Statements For The Year Ended 30th March 2024

for

CW Homes Limited

CW Homes Limited (Registered number: 08853279)






Contents of the Financial Statements
For The Year Ended 30th March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CW Homes Limited

Company Information
For The Year Ended 30th March 2024







DIRECTORS: Mrs K H Crosbie
J L Crosbie





REGISTERED OFFICE: 1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX





REGISTERED NUMBER: 08853279 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

CW Homes Limited (Registered number: 08853279)

Balance Sheet
30th March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 364 485
Investment property 5 1,987,000 1,996,814
1,987,364 1,997,299

CURRENT ASSETS
Debtors 6 89,168 88,806
Investments 7 100 100
Cash at bank 3,487 4,012
92,755 92,918
CREDITORS
Amounts falling due within one year 8 38,582 28,562
NET CURRENT ASSETS 54,173 64,356
TOTAL ASSETS LESS CURRENT LIABILITIES 2,041,537 2,061,655

CREDITORS
Amounts falling due after more than one year 9 1,476,218 1,479,862
NET ASSETS 565,319 581,793

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 480,389 490,203
Retained earnings 84,830 91,490
SHAREHOLDERS' FUNDS 565,319 581,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 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 25th March 2025 and were signed on its behalf by:





Mrs K H Crosbie - Director


CW Homes Limited (Registered number: 08853279)

Notes to the Financial Statements
For The Year Ended 30th March 2024

1. STATUTORY INFORMATION

CW 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 as modified by the revaluation of certain assets.

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 cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31st March 2023
and 30th March 2024 1,269
DEPRECIATION
At 31st March 2023 784
Charge for year 121
At 30th March 2024 905
NET BOOK VALUE
At 30th March 2024 364
At 30th March 2023 485

CW Homes Limited (Registered number: 08853279)

Notes to the Financial Statements - continued
For The Year Ended 30th March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31st March 2023 1,996,814
Revaluations (9,814 )
At 30th March 2024 1,987,000
NET BOOK VALUE
At 30th March 2024 1,987,000
At 30th March 2023 1,996,814

Fair value at 30th March 2024 is represented by:
£   
Valuation in 2019 385,901
Valuation in 2020 65,469
Valuation in 2022 (13,359 )
Valuation in 2023 (35,032 )
Valuation in 2024 (9,814 )
Cost 1,593,835
1,987,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 68,582 68,162
TDS Deposit Receivable 10,410 10,411
Other debtors 42 -
Prepayments and accrued income 9,500 9,500
Prepayments 634 733
89,168 88,806

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 100 100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,781 15,391
Tenant Deposit 9,219 9,219
Amounts owed to associates 13,057 -
Directors' current accounts 1,673 52
Accrued expenses 3,852 3,900
38,582 28,562

CW Homes Limited (Registered number: 08853279)

Notes to the Financial Statements - continued
For The Year Ended 30th March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 23,666 28,847
Bank loans more 5 yr by instal 1,262,552 1,261,015
Other loans - 2-5 years 190,000 190,000
1,476,218 1,479,862

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,262,552 1,261,015

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,296,999 1,305,253
Other loan 190,000 190,000
1,486,999 1,495,253

The bank loans are secured by a fixed loan over the properties held by the company. The securities are on the respective properties on which the loan has been taken out with the lender.

Within other loans, £140,000 of the balance is secured by a second charge over one of the investment properties held by the company.

The Directors have given a personal guarantee in respect of the bank loans and other loans.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th March 2024 and 30th March 2023:

2024 2023
£    £   
Mrs K H Crosbie and J L Crosbie
Balance outstanding at start of year - (2,506 )
Amounts advanced - 2,506
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

12. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the Directors by virtue of their joint 100% shareholding.