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Registered number: 11936772

Master Builders (South West) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Master Builders (South West) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
R F Love
Marcus Mortimer Jones
T S German
REGISTERED OFFICE
Holly House, 21d Chudleigh Road
Alphington
Exeter
Devon
EX2 8TS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11936772
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Master Builders (South West) Limited

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Master Builders (South West) Limited

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3245326
Investment Assets433
248329
CURRENT ASSETS
Stock776,518826,518
Debtors638,7044,897
Cash at bank and in hand174271
815,396831,686
CREDITORS: Amounts falling due within one year7864,580832,012
NET CURRENT LIABILITIES(49,184)(326)
TOTAL ASSETS LESS CURRENT LIABILITIES(48,936)3
CAPITAL AND RESERVES
Called up share capital833
Profit and loss account(48,939)-
SHAREHOLDERS' FUNDS(48,936)3
For the year ending 30/04/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/01/2025 and signed on their behalf by
.............................
R F Love
Director

Master Builders (South West) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20242023
No.No.
Average number of employees33

Master Builders (South West) Limited

3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/05/2023580580
At 30/04/2024580580
Depreciation
At 01/05/2023254254
For the year8181
At 30/04/2024335335
Net Book Amounts
At 30/04/2024245245
At 30/04/2023326326
4. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/05/202333
At 30/04/202433
Amortisation
Net Book Amounts
At 30/04/202433
At 30/04/202333
5. STOCK 20242023
££
Stock comprises:
Clawton land - phases 1/2350,000400,000
The Barn - Holsworthy75,00075,000
Work in progress351,518351,518
776,518826,518

Master Builders (South West) Limited

6. DEBTORS 20242023
££
Amounts falling due within one year
VAT-4,897
Amounts due from group companies38,704-
38,7044,897
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Directors current account676,067673,469
Directors current account - MMJ6,453-
Directors current account - TG8,666-
Mortgage170,834145,313
Trade creditors2,5601,884
Amounts due to group companies-11,346
864,580832,012
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
3 Ordinary shares of £1 each33
33