REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
SYCAMORE HOMES (BEDFORD) LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 September 2024 |
for |
SYCAMORE HOMES (BEDFORD) LIMITED |
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SYCAMORE HOMES (BEDFORD) LIMITED |
Company Information |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Granary |
High Street |
Turvey |
Bedford |
Bedfordshire |
MK43 8DB |
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940) |
Balance Sheet |
30 SEPTEMBER 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940) |
Balance Sheet - continued |
30 SEPTEMBER 2024 |
The financial statements were approved by the director and authorised for issue on |
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
Sycamore Homes (Bedford) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Leasehold property recorded in the accounts is investment property. The properties are recorded at cost which in the Director's opinion is similar to market value at the balance sheet date. As recording the investment property at market value is of prime importance, rather than the systematic recording of annual depreciation, no depreciation is provided. |
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. |
Land and buildings are treated as investment property. No depreciation is provided in respect of the property. This is in line with FRS 102 (1A). |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2023 |
and 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
Fair value at 30 September 2024 is represented by: |
£ |
Valuation in 2022 | 1,081,021 |
Cost | 951,773 |
2,032,794 |
The Director has valued the investment property at £2,032,794 which he considers to be in line with current market value. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 6,945 | 11,932 |