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COMPANY REGISTRATION NUMBER: 15246194
CARVALL HOMES (TOWER VIEW) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2024
CARVALL HOMES (TOWER VIEW) LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
31 Oct 24
Note
£
£
Current assets
Debtors
4
1,182,443
Cash at bank and in hand
90,178
-------------
1,272,621
Creditors: amounts falling due within one year
5
296,483
-------------
Net current assets
976,138
----------
Total assets less current liabilities
976,138
Creditors: amounts falling due after more than one year
6
976,135
----------
Net assets
3
----------
Capital and reserves
Called up share capital
7
2
Profit and loss account
1
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Shareholders funds
3
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31st October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CARVALL HOMES (TOWER VIEW) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 24 July 2025 , and are signed on behalf of the board by:
T. Carvall
Director
Company registration number: 15246194
CARVALL HOMES (TOWER VIEW) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 30th OCTOBER 2023 TO 31st OCTOBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kirkstone, Hazel Way, Chipstead, Surrey, CR5 3PJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Debtors
31 Oct 24
£
Amounts owed by customers on construction contracts
900,000
Other debtors
282,443
-------------
1,182,443
-------------
5. Creditors: amounts falling due within one year
31 Oct 24
£
Trade creditors
37,538
Other creditors
258,945
----------
296,483
----------
6. Creditors: amounts falling due after more than one year
31 Oct 24
£
Other creditors
976,135
----------
7. Called up share capital
Issued, called up and fully paid
31 Oct 24
No.
£
Ordinary shares of £ 1 each
2
2
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