MISSION HOMES LTD

MISSION HOMES LTD

Statement of Financial Position

As at 31 October 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	2	394,200	400,600
		394,200	400,600
Current assets
Debtors	3	2,000	2,000
Cash at bank and in hand		1	22
		2,001	2,022
Creditors: amount falling due within one year	4	(108,642)	(66,505)
Net current assets/(liabilities)		(106,641)	(64,483)


Total assets less current liabilities		287,559	336,117
Creditors: amount falling due after more than one year	5	(194,783)	(231,783)
Net assets/(liabilities)		92,776	104,334

Capital and reserves
Called up share capital		1	1
Reserves	6	55,000	55,000
Profit and loss account	7	37,775	49,333
Shareholders fund		92,776	104,334

For the year ended 31 October 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 of the Companies Act 2006.
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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors:

----------------------------------
Harbinder Singh
Director

Date approved: 14 October 2025

MISSION HOMES LTD

Notes to the Accounts

For the year ended 31 October 2024

Statutory Information

MISSION HOMES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11650885, registration address Three Saints Hotel Lantrissant Business Park, Rct, Lantrissant, CF72 8YT, Wales.

The presentation currency is £ sterling.

1.	Accounting Policies Basis of accounting The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Tangible fixed assets

Cost or Valuation	Freehold property	Motor vehicles	Total
	£	£	£
At 01 November 2023	375,000	32,000	407,000
Additions	-	-	-
At 31 October 2024	375,000	32,000	407,000
Depreciation
At 01 November 2023	-	6,400	6,400
Charge for year	-	6,400	6,400
At 31 October 2024	-	12,800	12,800
Net book values
Closing balance as at 31 October 2024	375,000	19,200	394,200
Opening balance as at 01 November 2023	375,000	25,600	400,600

The net book value of Motor vehicles includes £19,200 (2023 £25,600) in respect of assets leased under finance leases or hire purchase contracts.

Debtors: amounts falling due within one year

	2024 £		2023 £
Trade debtors	2,000		2,000
	2,000		2,000

Creditors: amount falling due within one year

	2024 £	2023 £
Accrued expenses	719	539
Loan from N Dowden	15,000	15,000
Loan-Quantis investments	1,500	1,500
Loan-Bellkirk	81,499	43,193
Directors' current account	3,651	-
Corporation tax	6,273	6,273
	108,642	66,505

Creditors: amount falling due after more than one year

	2024 £	2023 £
Mortgage loan	174,000	210,000
Loan on leased vehicle	20,783	21,783
	194,783	231,783

Reserves

	2024 £		2023 £
Revaluation reserves	55,000		55,000
	55,000		55,000

Profit and loss account

	2024 £
Balance at 01 November 2023	49,333
Loss for the year	(11,058)
Equity dividend paid	(500)
Balance at 31 October 2024	37,775

8.	Average number of employees Average number of employees during the year was 1 (2023: 1).