| NW Homes Management Limited |
| Registered number: |
10983995 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
1,561,086 |
|
|
1,561,086 |
| Debtors |
3 |
|
750 |
|
|
750 |
| Cash at bank and in hand |
|
|
9,429 |
|
|
79,547 |
|
|
|
1,571,265 |
|
|
1,641,383 |
|
| Creditors: amounts falling due within one year |
4 |
|
(922,005) |
|
|
(979,226) |
|
| Net current assets |
|
|
|
649,260 |
|
|
662,157 |
|
| Total assets less current liabilities |
|
|
|
649,260 |
|
|
662,157 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(651,999) |
|
|
(401,999) |
|
|
|
| Net (liabilities)/assets |
|
|
|
(2,739) |
|
|
260,158 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(2,740) |
|
|
260,157 |
|
| Shareholder's funds |
|
|
|
(2,739) |
|
|
260,158 |
|
|
|
|
|
|
|
|
| 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 member has 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. |
|
|
|
|
| N Defina |
| Director |
| Approved by the board on 30 September 2025 |
|
| NW Homes Management Limited |
| Notes to the Accounts |
| for the year ended 30 September 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, Turnover includes revenue earned from the sale of property. Turnover from the sale of property is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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.. 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. Current and deferred tax liabilities are not discounted. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
750 |
|
750 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
873,893 |
|
931,114 |
|
Taxation and social security costs |
46,012 |
|
46,012 |
|
Other creditors |
2,100 |
|
2,100 |
|
|
|
|
|
|
922,005 |
|
979,226 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Other creditors |
651,999 |
|
401,999 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
401,999 |
|
401,999 |
|
|
|
|
|
|
|
|
|
|
The loan is secured by a fixed charge on property inculded in stock at the year end. |
|
|
| 7 |
Controlling party |
|
|
The name of the ultimate parent company is NW Homes Limited, a company incorporated in England and Wales and the ultimate controlling party is N Defina and W A Khera acting together. |
|
|
| 8 |
Other information |
|
|
NW Homes Management Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Fides House |
|
10 Chertsey Road |
|
Woking |
|
Surrey |
|
GU21 5AB |