Registered number
06302417
Agora Homes Ltd
Filleted Accounts
31 July 2024
Agora Homes Ltd
Registered number: 06302417
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,616 2,155
1,616 2,155
Current assets
WIP 1,096,762 980,000
Debtors 4 273 32
Cash at bank and in hand 10,045 62,230
1,107,080 1,042,262
Creditors: amounts falling due within one year 5 (224,652) (180,033)
Net current assets 882,428 862,229
Total assets less current liabilities 884,044 864,384
Creditors: amounts falling due after more than one year 6 (927,023) (863,460)
Net (liabilities)/assets (42,979) 924
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account (43,079) 824
Shareholders' funds (42,979) 924
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.
Charles Hounsell
Director
Approved by the board on 29 April 2025
Agora 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:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Land and buildings Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 - 1,652 16,500 18,152
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 July 2024 - 1,652 16,500 18,152
Depreciation
At 1 August 2023 - 1,653 14,344 15,997
Charge for the year - - 539 539
Surplus on revaluation - - - -
On disposals - - - -
At 31 July 2024 - 1,653 14,883 16,536
Net book value
At 31 July 2024 - (1) 1,617 1,616
At 31 July 2023 - (1) 2,156 2,155
4 Debtors 2024 2023
£ £
Other debtors 273 32
273 32
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 47,279 -
Trade creditors 850 850
Taxation and social security costs - 11,022
Other creditors 176,523 168,161
224,652 180,033
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 555,073 553,000
Other creditors 371,950 310,460
927,023 863,460
7 Controlling party
The Company is controlled by the Director.
8 Other information
Agora Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Shaftesbury Close
West Moors
Ferndown
Dorset
BH22 ODZ
Agora Homes Ltd 06302417 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2025 Charles Hounsell No description of principal activity 06302417 2022-08-01 2023-07-31 06302417 core:WithinOneYear 2023-07-31 06302417 core:AfterOneYear 2023-07-31 06302417 core:ShareCapital 2023-07-31 06302417 core:SharePremium 2023-07-31 06302417 core:RetainedEarningsAccumulatedLosses 2023-07-31 06302417 2023-08-01 2024-07-31 06302417 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06302417 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06302417 bus:Director40 2023-08-01 2024-07-31 06302417 1 2023-08-01 2024-07-31 06302417 2 2023-08-01 2024-07-31 06302417 core:LandBuildings 2023-08-01 2024-07-31 06302417 core:PlantMachinery 2023-08-01 2024-07-31 06302417 core:Vehicles 2023-08-01 2024-07-31 06302417 countries:England 2023-08-01 2024-07-31 06302417 bus:FRS102 2023-08-01 2024-07-31 06302417 bus:FilletedAccounts 2023-08-01 2024-07-31 06302417 2024-07-31 06302417 core:WithinOneYear 2024-07-31 06302417 core:AfterOneYear 2024-07-31 06302417 core:ShareCapital 2024-07-31 06302417 core:SharePremium 2024-07-31 06302417 core:RetainedEarningsAccumulatedLosses 2024-07-31 06302417 core:LandBuildings 2024-07-31 06302417 core:PlantMachinery 2024-07-31 06302417 core:Vehicles 2024-07-31 06302417 2023-07-31 06302417 core:LandBuildings 2023-07-31 06302417 core:PlantMachinery 2023-07-31 06302417 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure