Registered number
10529320
Shemron Homes (Ferndown) Limited
Filleted Accounts
30 November 2024
Shemron Homes (Ferndown) Limited
Registered number: 10529320
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 903 994
Investments 4 81,750 81,750
82,653 82,744
Current assets
Stocks - -
Debtors 5 771,766 775,109
Cash at bank and in hand 904 8,296
772,670 783,405
Creditors: amounts falling due within one year 6 (717,354) (722,355)
Net current assets 55,316 61,050
Total assets less current liabilities 137,969 143,794
Creditors: amounts falling due after more than one year 7 (25,679) (29,887)
Net assets 112,290 113,907
Capital and reserves
Called up share capital 100 100
Profit and loss account 112,190 113,807
Shareholders' funds 112,290 113,907
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr H Karimzadeh-Ardabili
Director
Approved by the board on 29 August 2025
Shemron Homes (Ferndown) Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% Straight Line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Furniture, fittings and equipment Total
£ £
Cost
At 1 December 2023 1,521 1,521
Additions - -
Surplus on revaluation - -
Disposals - -
At 30 November 2024 1,521 1,521
Depreciation
At 1 December 2023 527 527
Charge for the year 91 91
Surplus on revaluation - -
On disposals - -
At 30 November 2024 618 618
Net book value
At 30 November 2024 903 903
At 30 November 2023 994 994
4 Investments
Other
investments Total
£ £
Cost
At 1 December 2023 81,750 81,750
Additions - -
Revaluation - -
Disposals - -
At 30 November 2024 81,750 81,750
Historical cost
At 1 December 2023 -
At 30 November 2024 -
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 771,564 769,064
Other debtors 202 6,045
771,766 775,109
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 63,150 63,150
Amounts owed to group undertakings and undertakings in which the company has a participating interest 654,191 659,191
Taxation and social security costs - -
Other creditors 13 14
717,354 722,355
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,679 29,887
25,679 29,887
8 Controlling party
The Company is controlled by the Directors.
9 Other information
Shemron Homes (Ferndown) Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Shaftesbury Close
West Moors
Ferndown
Dorset
BH22 ODZ
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