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Registration number: 09299549

ABN Homes Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

(Registration number: 09299549)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,975

11,907

Current assets

 

Debtors

5

26,532

16,071

Cash at bank and in hand

 

7,517

27,254

 

34,049

43,325

Creditors: Amounts falling due within one year

6

(31,421)

(37,900)

Net current assets

 

2,628

5,425

Total assets less current liabilities

 

12,603

17,332

Creditors: Amounts falling due after more than one year

6

(10,477)

(12,681)

Provisions for liabilities

(1,895)

(2,429)

Net assets

 

231

2,222

Capital and reserves

 

Called up share capital

100

100

Retained earnings

131

2,122

Shareholders' funds

 

231

2,222

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 February 2025
 

.........................................
Mr A A G Catanho
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
4 Hampstead Drive
Wychwood Park
Weston
Crewe
Cheshire
CW2 5GT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and computer equipment

25% reducing balance/straight line over 3 years

Motor vehicles

25% reducing balance

Plant and equipment

15% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Fixtures, fittings and computer equipment
 £

Motor vehicles
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 December 2023

2,704

2,500

21,331

26,535

At 30 November 2024

2,704

2,500

21,331

26,535

Depreciation

At 1 December 2023

2,290

1,445

10,893

14,628

Charge for the year

103

264

1,565

1,932

At 30 November 2024

2,393

1,709

12,458

16,560

Carrying amount

At 30 November 2024

311

791

8,873

9,975

At 30 November 2023

414

1,055

10,438

11,907

5

Debtors

Current

2024
£

2023
£

Trade debtors

20,408

12,860

Other debtors

6,124

3,211

 

26,532

16,071

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

2,204

3,150

Trade creditors

 

-

1,140

Taxation and social security

 

11,124

8,918

Other creditors

 

18,093

24,692

 

31,421

37,900

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Bank loans

10,477

12,681