REGISTERED NUMBER: 04599264 (England and Wales)

CUMBRIAN HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K W Pallister

N A Pallister

REGISTERED OFFICE:

Sevenoaks

Culgaith

Penrith

Cumbria

CA10 1QT

REGISTERED NUMBER:

04599264 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

SOLICITORS:

Harrison Drury

Bridge mills

Stramongate

Kendal

LA9 4BD

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

370,265

191,678

Investments

6

2,102,548

1,459,109

2,472,814

1,650,788

CURRENT ASSETS

Stocks

250,000

250,000

Debtors

1,335,604

424

Cash at bank and in hand

1,471,614

2,832,192

3,057,218

3,082,616

CREDITORS

Amounts falling due within one year

378,662

20,937

NET CURRENT ASSETS

2,678,556

3,061,679

TOTAL ASSETS LESS CURRENT LIABILITIES

5,151,370

4,712,467

PROVISIONS FOR LIABILITIES

66,835

-

NET ASSETS

5,084,535

4,712,467

CAPITAL AND RESERVES

Called up share capital

6,773,439

6,773,439

Share premium

1,894,930

1,894,930

Capital redemption reserve

425,932

425,932

Retained earnings

(4,009,766

)

(4,381,834

)

SHAREHOLDERS' FUNDS

5,084,535

4,712,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:

K W Pallister - Director

1.	STATUTORY INFORMATION

Cumbrian 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet. Goodwill is not amortised since it is immaterial.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

at varying rates on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Work in progress and stocks

Work in progress and stocks are stated at the lower of cost and net realisable value. Cost represents all direct development expenditure.

Land for development is stated at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

and 30 September 2024

1

NET BOOK VALUE

At 30 September 2024

1

At 30 September 2023

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

325,015

Additions

231,025

At 30 September 2024

556,040

DEPRECIATION

At 1 October 2023

133,337

Charge for year

52,438

At 30 September 2024

185,775

NET BOOK VALUE

At 30 September 2024

370,265

At 30 September 2023

191,678

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 October 2023

3,041,483

Additions

750,159

Disposals

(582,075

)

Revaluations

303,434

Dividends received

11,921

Reclassification/transfer

160,000

At 30 September 2024

3,684,922

PROVISIONS

At 1 October 2023

and 30 September 2024

1,582,374

NET BOOK VALUE

At 30 September 2024

2,102,548

At 30 September 2023

1,459,109

Cost or valuation at 30 September 2024 is represented by:

Totals

£

Valuation in 2022

(51,417

)

Valuation in 2023

48,043

Valuation in 2024

303,432

Cost

3,384,864

3,684,922

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

£

K W Pallister

Balance outstanding at start of year

(2,814

)

7,453

Amounts advanced

1,350,000

715,686

Amounts repaid

(745,000

)

(725,953

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

602,186

(2,814

)

N A Pallister

Balance outstanding at start of year

-

-

Amounts advanced

395,324

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

395,324

-

8.	RELATED PARTY DISCLOSURES

In the opinion of the directors, the company is controlled by the Pallister family.

The controlling party is K W Pallister.