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Registered number: 10305027
Conscious Homes Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
Optimise Accountants Ltd
Office 15 Bramley House, 2a Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10305027
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,386,621 1,386,897
Investments 5 25 25
1,386,646 1,386,922
CURRENT ASSETS
Debtors 6 13,210 3,653
Cash at bank and in hand 78,853 56,003
92,063 59,656
Creditors: Amounts Falling Due Within One Year 7 (740,639 ) (1,151,960 )
NET CURRENT ASSETS (LIABILITIES) (648,576 ) (1,092,304 )
TOTAL ASSETS LESS CURRENT LIABILITIES 738,070 294,618
Creditors: Amounts Falling Due After More Than One Year 8 (1,005,901 ) (1,011,443 )
NET LIABILITIES (267,831 ) (716,825 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 (247,855 ) (247,855 )
Profit and Loss Account (19,977 ) (468,971 )
SHAREHOLDERS' FUNDS (267,831) (716,825)
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Edson Santos
Director
28/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Conscious Homes Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10305027 . The registered office is C/O Optimise Accountants Limited Bramley Road, Long Eaton, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance basis
Computer Equipment 20% reducing balance basis
2.5. Investment Properties
nvestment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
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Page 4
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 1,385,521 3,029 919 1,389,469
As at 31 August 2024 1,385,521 3,029 919 1,389,469
Depreciation
As at 1 September 2023 - 1,979 593 2,572
Provided during the period - 211 65 276
As at 31 August 2024 - 2,190 658 2,848
Net Book Value
As at 31 August 2024 1,385,521 839 261 1,386,621
As at 1 September 2023 1,385,521 1,050 326 1,386,897
5. Investments
Unlisted
£
Cost
As at 1 September 2023 25
As at 31 August 2024 25
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 25
As at 1 September 2023 25
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,820 -
Prepayments and accrued income 6,390 3,653
13,210 3,653
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 8,433
Other creditors - 391,700
Accruals and deferred income 13,065 4,367
Director's loan account 727,574 747,460
740,639 1,151,960
During the period, the company received an insurance claim settlement of £13,065 on 8th April 2024 for maintenance and repair works. As the related repairs are scheduled to take place after August 2024, the income has been recognised as deferred income under liabilities in accordance with applicable accounting standards. The amount will be recognised as income in the period when the associated repair expenses are incurred.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,005,901 1,011,443
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The below bank loans are secured on the investment properties. They are interest only with a term of 30 years.
2024 2023
£ £
Bank loans and overdrafts 973,957 973,943
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
11. Reserves
Fair Value Reserve
£
As at 1 September 2023 (247,855 )
As at 31 August 2024 (247,855 )
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr Edson santos by virtue of his ownership of 100% of the issued share capital in the company.
Page 5