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REGISTERED NUMBER: 08716130 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Own Land Homes Limited

Own Land Homes Limited (Registered number: 08716130)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Own Land Homes Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr J Dunn





REGISTERED OFFICE: 1 Saxon House
Headway Business Park
Corby
Northamptonshire
NN18 9EZ





REGISTERED NUMBER: 08716130 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Own Land Homes Limited (Registered number: 08716130)

Balance Sheet
31 October 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 5,734 6,219

CURRENT ASSETS
Debtors 5 23,432 44,220
Cash at bank 7,891 18,998
31,323 63,218
CREDITORS
Amounts falling due within one year 6 22,422 7,735
NET CURRENT ASSETS 8,901 55,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,635

61,702

CREDITORS
Amounts falling due after more than one
year

7

46,405

46,405
NET (LIABILITIES)/ASSETS (31,770 ) 15,297

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (31,771 ) 15,296
SHAREHOLDERS' FUNDS (31,770 ) 15,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Own Land Homes Limited (Registered number: 08716130)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





Mr J Dunn - Director


Own Land Homes Limited (Registered number: 08716130)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Own Land Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the continued support of the company's director and bank.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Own Land Homes Limited (Registered number: 08716130)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 November 2023 2,000 12,418 14,418
Additions - 1,758 1,758
At 31 October 2024 2,000 14,176 16,176
DEPRECIATION
At 1 November 2023 2,000 6,199 8,199
Charge for year - 2,243 2,243
At 31 October 2024 2,000 8,442 10,442
NET BOOK VALUE
At 31 October 2024 - 5,734 5,734
At 31 October 2023 - 6,219 6,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 36,289
Other debtors 23,432 7,931
23,432 44,220

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 472 98
Taxation and social security - 5,687
Other creditors 21,950 1,950
22,422 7,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 46,405 46,405

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

Own Land Homes Limited (Registered number: 08716130)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£ £
Mr J Dunn
Balance outstanding at start of year 4,917 34,266
Amounts advanced 815 4,519
Amounts repaid - (33,868 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,732 4,917

The director's overdrawn loan account is interest bearing and was repaid within 9 months of the company's financial year.