Registration number: 07779699

M D Homes (Construction) Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

M D Homes (Construction) Ltd

Company Information

Director

C Dudley

Registered office

Office 4 1st Floor Victory House The Sidings Whalley Lancashire BB7 9SE

Accountants

King Street Accounts Office 4 1st Floor Victory House The Sidings Whalley Lancashire BB7 9SE

M D Homes (Construction) Ltd

(Registration number: 07779699)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	1,953	2,604
Current assets
Stocks		205,000	-
Debtors	5	4,883	21,055
Cash at bank and in hand		22,259	270,453
		232,142	291,508
Creditors: Amounts falling due within one year	6	(33,624)	(67,152)
Net current assets		198,518	224,356
Total assets less current liabilities		200,471	226,960
Creditors: Amounts falling due after more than one year	6	(14,167)	(24,166)
Net assets		186,304	202,794
Capital and reserves
Called up share capital	7	51	51
Capital redemption reserve		49	49
Retained earnings		186,204	202,694
Shareholders' funds		186,304	202,794

For the financial year ending 31 December 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 7 July 2025
 

M D Homes (Construction) Ltd

(Registration number: 07779699)
Balance Sheet as at 31 December 2024

......................................... C Dudley Director

M D Homes (Construction) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
Office 4 1st Floor
Victory House
The Sidings
Whalley
Lancashire
BB7 9SE

These financial statements were authorised for issue by the director on 7 July 2025.

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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

M D Homes (Construction) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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
Motor vehicles	25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

M D Homes (Construction) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 3).

M D Homes (Construction) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	24,116	2,223	26,729	53,068
At 31 December 2024	24,116	2,223	26,729	53,068
Depreciation
At 1 January 2024	24,116	2,223	24,125	50,464
Charge for the year	-	-	651	651
At 31 December 2024	24,116	2,223	24,776	51,115
Carrying amount
At 31 December 2024	-	-	1,953	1,953
At 31 December 2023	-	-	2,604	2,604

5

Debtors

	2024 £	2023 £
Other debtors	4,883	21,055
	4,883	21,055

M D Homes (Construction) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	12,560	43,054
Taxation and social security	4,729	8,462
Accruals and deferred income	13,987	4,516
Other creditors	2,348	11,120
	33,624	67,152

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	14,167	24,166

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary A share of £1 each	51	51	51	51

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	14,167	24,166

9

Dividends

Final dividends paid

M D Homes (Construction) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

		2024 £		2023 £
Final dividend of £705.88 per each Ordinary		36,000		36,000

10	Related party transactions

At the balance sheet date the Director owed the company £4,618 ( 2023 £7,065 owed by the Director ) .

Dividends of £36,000 were paid to the Director during the year (2023 £36,000 paid) .