Hereward Homes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03972891

Hereward Homes Limited

Filleted Unaudited Financial Statements

For the year ended

30 April 2025

Hereward Homes Limited

Statement of Financial Position

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		410,386	298,123

Current assets

Stocks		5,369,617	6,134,154
Debtors	6	53,660	115,559
Cash at bank and in hand		322,223	155,111
		------------	------------
		5,745,500	6,404,824

Creditors: amounts falling due within one year	7	1,191,026		2,780,339
		------------		------------
Net current assets			4,554,474	3,624,485
			------------	------------
Total assets less current liabilities			4,964,860	3,922,608

Provisions

Taxation including deferred tax	63,785	70,632
	------------	------------
Net assets	4,901,075	3,851,976
	------------	------------

Hereward Homes Limited

Statement of Financial Position (continued)

30 April 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	50	50
Capital redemption reserve	50	50
Profit and loss account	4,900,975	3,851,876
	------------	------------
Shareholders funds	4,901,075	3,851,976
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

J K Gibbison
Director

Company registration number: 03972891

Hereward Homes Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Barn, 27b Crocket Lane, Empingham, Rutland, LE15 8PW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 May 2024	52,645	9,513	361,755	423,913
Additions	–	–	254,911	254,911
Disposals	–	–	( 131,271)	( 131,271)
	--------	-------	---------	---------
At 30 April 2025	52,645	9,513	485,395	547,553
	--------	-------	---------	---------
Depreciation
At 1 May 2024	36,885	7,573	81,332	125,790
Charge for the year	3,043	150	48,638	51,831
Disposals	–	–	( 40,454)	( 40,454)
	--------	-------	---------	---------
At 30 April 2025	39,928	7,723	89,516	137,167
	--------	-------	---------	---------
Carrying amount
At 30 April 2025	12,717	1,790	395,879	410,386
	--------	-------	---------	---------
At 30 April 2024	15,760	1,940	280,423	298,123
	--------	-------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,888	7,944
Other debtors	51,772	107,615
	--------	---------
	53,660	115,559
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	942,500
Trade creditors	396,692	498,726
Amounts owed to group undertakings and undertakings in which the company has a participating interest	73,253	861,794
Social security and other taxes	525,981	256,530
Other creditors	195,100	220,789
	------------	------------
	1,191,026	2,780,339
	------------	------------

Bank loans are secured on the assets to which they relate.

8. Controlling party

The company is under the control of Hereward Homes (Holdings) Limited, a company registered in England and Wales.