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Company Registration No. 04323287 (England and Wales)
Fdc Homes Limited Unaudited accounts for the year ended 30 April 2024
Fdc Homes Limited Unaudited accounts Contents
Page
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Fdc Homes Limited Company Information for the year ended 30 April 2024
Directors
D R Kingston R Wilson R L Limmer E J K Thackray
Secretary
E J K Thackray
Company Number
04323287 (England and Wales)
Registered Office
42 Ethelburga Drive Lyminge Folkestone CT18 8JJ England
Accountants
NATALIE FIELD ACCOUNTANCY LTD
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Fdc Homes Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,334 
43,097 
Investment property
1,101,307 
1,101,307 
Investments
4 
4 
1,136,645 
1,144,408 
Current assets
Inventories
1,336,712 
1,304,131 
Debtors
496,668 
507,249 
Cash at bank and in hand
123,563 
269,367 
1,956,943 
2,080,747 
Creditors: amounts falling due within one year
(1,229,519)
(1,201,679)
Net current assets
727,424 
879,068 
Total assets less current liabilities
1,864,069 
2,023,476 
Provisions for liabilities
Deferred tax
(33,274)
(33,274)
Net assets
1,830,795 
1,990,202 
Capital and reserves
Called up share capital
50,000 
50,000 
Profit and loss account
1,780,795 
1,940,202 
Shareholders' funds
1,830,795 
1,990,202 
For the year ending 30 April 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2025 and were signed on its behalf by
R L Limmer Director Company Registration No. 04323287
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Fdc Homes Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Fdc Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 04323287. The registered office is 42 Ethelburga Drive, Lyminge, Folkestone, CT18 8JJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Fdc Homes Limited Notes to the Accounts for the year ended 30 April 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
22,285 
57,955 
80,240 
Additions
- 
826 
826 
At 30 April 2024
22,285 
58,781 
81,066 
Depreciation
At 1 May 2023
2,321 
34,822 
37,143 
Charge for the year
4,991 
3,598 
8,589 
At 30 April 2024
7,312 
38,420 
45,732 
Net book value
At 30 April 2024
14,973 
20,361 
35,334 
At 30 April 2023
19,964 
23,133 
43,097 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
1,101,307 
At 30 April 2024
1,101,307 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 May 2023
4 
Valuation at 30 April 2024
4 
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Fdc Homes Limited Notes to the Accounts for the year ended 30 April 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,087 
- 
Trade debtors
4,050 
4,000 
Amounts due from group undertakings etc.
468,534 
498,136 
Other debtors
22,997 
5,113 
496,668 
507,249 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
635 
721 
Amounts owed to group undertakings and other participating interests
1,022,205 
1,001,071 
Taxes and social security
2,381 
2,741 
Other creditors
188,399 
184,436 
Accruals
15,899 
12,710 
1,229,519 
1,201,679 
9
Transactions with related parties
During the year the company provided administration services to Mereyton Homes Limited, in the sum of £Nil (2023: £15,000). At 30 April 2024 the amount due to Mereyton Homes Limited was £1,022,205 (2023: £1,001,071). Mereyton Homes Limited provided property development services to the company totalling £Nil (2023: £0) during the year. Included within other debtors is a balance of £468,534 (2023: £498,135) due from Escape Holiday Ventures Limited, a wholly owned subsidiary of the company. At the balance sheet date the company owed the directors £182,445 (2023: £184,189). Interest on these balances are paid to the directors at a rate of 5.25%. All directors’ remuneration paid by the company was done so under normal market conditions.
10
Controlling party
The ultimate controlling party of the company is the Kingston family, who hold 100% of the issued share capital of the parent company collectively, although no individual member of the family has ultimate control.
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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