Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-232023-09-01false3House builders2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11402808 2023-09-01 2024-08-31 11402808 2022-09-01 2023-08-31 11402808 2024-08-31 11402808 2023-08-31 11402808 c:Director2 2023-09-01 2024-08-31 11402808 d:CurrentFinancialInstruments 2024-08-31 11402808 d:CurrentFinancialInstruments 2023-08-31 11402808 d:Non-currentFinancialInstruments 2024-08-31 11402808 d:Non-currentFinancialInstruments 2023-08-31 11402808 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 11402808 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11402808 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 11402808 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 11402808 d:ShareCapital 2024-08-31 11402808 d:ShareCapital 2023-08-31 11402808 d:RetainedEarningsAccumulatedLosses 2024-08-31 11402808 d:RetainedEarningsAccumulatedLosses 2023-08-31 11402808 c:FRS102 2023-09-01 2024-08-31 11402808 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11402808 c:FullAccounts 2023-09-01 2024-08-31 11402808 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11402808 6 2023-09-01 2024-08-31 11402808 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 11402808










ACLAND HOMES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
ACLAND HOMES LIMITED
REGISTERED NUMBER: 11402808

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
200
50

  
200
50

Current assets
  

Stocks
 5 
117,686
47,387

Debtors: amounts falling due within one year
 6 
377,553
765,142

Cash at bank and in hand
 7 
-
9,483

  
495,239
822,012

Creditors: amounts falling due within one year
 8 
(964,022)
(946,269)

Net current liabilities
  
 
 
(468,783)
 
 
(124,257)

Total assets less current liabilities
  
(468,583)
(124,207)

Creditors: amounts falling due after more than one year
 9 
(8,904)
(89,357)

  

Net liabilities
  
(477,487)
(213,564)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(477,587)
(213,664)

  
(477,487)
(213,564)


Page 1

 
ACLAND HOMES LIMITED
REGISTERED NUMBER: 11402808
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


J Allison
Director

Date: 23 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ACLAND HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The company is a private company, limited by shares, incorporated in England and Wales and its registered office is:
c/o Waltons Business Advisers Limited
Maritime House
Harbour Walk
The Marina
Hartlepool
England
TS24 0UX

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

We confirm that, having considered our expectations and intentions for the next twelve months and the availability of working capital, the company is a going concern.  We are unaware of any events, conditions, or risks beyond the period of assessment that may cast significant doubt on the ability to continue as a going concern. 
The company balance sheet is currently showing a negative balance sheet. However, we expect our future/ongoing operations to generate profits which, in turn, will ensure return the balance sheet to a positive position.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. 
For properties that are legally contracted to sell, the total sales value is recognised in turnover, along with the related profit.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
ACLAND HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
Work in progress includes amounts incurred at cost value for projects that are not yet certain to complete.

  
2.9

Long term work in progress

For long term development projects contracted, profit is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of work carried out at the year end by recording turnover and related costs as contract activity advances. Turnover is calculated as a % of the contract value based on the value of costs incurred to date as a % of the total costs of the completion of the contract. Revenue derived from variations on contracts is recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first forseen.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 4

 
ACLAND HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 September 2023
50


Additions
150



At 31 August 2024
200





5.


Stocks

2024
2023
£
£

Work in progress (goods to be sold)
117,686
47,387

117,686
47,387



6.


Debtors

2024
2023
£
£


Trade debtors
314,070
272,807

Other debtors
63,483
491,883

Prepayments and accrued income
-
452

377,553
765,142



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
9,483

Less: bank overdrafts
(28,906)
-

(28,906)
9,483


Page 5

 
ACLAND HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
28,906
-

Bank loans
140,157
168,335

Trade creditors
190,958
188,896

Other creditors
602,418
587,100

Accruals and deferred income
1,583
1,938

964,022
946,269



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
8,904
89,357

8,904
89,357



10.


Related party transactions

As at 31 August 2024 the following related party balances existed:
£246,842 (1 July 2023:
 £194,097) was owed to a director of the business.
£175,104 (1 July 2023:
 £175,004) was owed to a shareholder of the company.
£61,346 (1 July 2023: 
£70,700) was owed to a company owned by one of the directors.
£37,771 (1 July 2023: 
£43,331) was owed to a company owned by the directors.
£239,238 (1 July 2023:
 £473,562) was owed from companies owned by the directors

 
Page 6