Betterbuild Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11743879 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Betterbuild Homes Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N Ellsmore

REGISTERED OFFICE:

Lifecentral Church

Little Cornbow

Halesowen

B63 3AJ

REGISTERED NUMBER:

11743879 (England and Wales)

ACCOUNTANTS:

Davies Archytas Accountants Ltd

14 The Oaks

Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

4

4,047

3,498

CURRENT ASSETS

Stocks

374,101

196,044

Debtors

27,214

375

Cash at bank

9,061

657

410,376

197,076

CREDITORS

Amounts falling due within one year

370,012

97,697

NET CURRENT ASSETS

40,364

99,379

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,411

102,877

CREDITORS

Amounts falling due after more than one
year

5

180,417

182,917

NET LIABILITIES

(136,006

)

(80,040

)

CAPITAL AND RESERVES

Called up share capital

7

10

Retained earnings

(136,016

)

(80,050

)

SHAREHOLDERS' FUNDS

(136,006

)

(80,040

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

N Ellsmore - Director

1.	STATUTORY INFORMATION

Betterbuild Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

11,054

Additions

1,898

At 31 December 2024

12,952

DEPRECIATION

At 1 January 2024

7,556

Charge for year

1,349

At 31 December 2024

8,905

NET BOOK VALUE

At 31 December 2024

4,047

At 31 December 2023

3,498

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.12.24

31.12.23

£

Repayable by instalments

Banks loans more than 5 years

by instalments

10,417

12,917

10,417

12,917

6.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

Amounts falling due within one year or on demand:

Bank loans

5,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,000

Other loans - 1-2 years

150,000

155,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

15,000

Amounts falling due in more than five years:

31.12.24

31.12.23

£

Amounts falling due in more than five years:

Repayable by instalments

Banks loans more than 5 years

by instalments

10,417

12,917

10,417

12,917

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

10

Ordinary

£1

10

8.	RELATED PARTY DISCLOSURES

The director is also the director and controlling party of NJE Holdings Limited and father of the director and controlling party of Clearwater Education Limited.

At the statement of financial position date is a balance amounting to £17,034 (2023: £17,034) due from the company to NJE Holdings Limited.

At the statement of financial position date is a balance amounting to £12,766 (2023: £Nil) due to the company from Clearwater Education Limited.