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

ROUSE HOMES BIRKENSHAW LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11679930

Rouse Homes Birkenshaw Limited

Filleted Financial Statements

31 December 2019

Rouse Homes Birkenshaw Limited

Statement of Financial Position

31 December 2019

	2019	2018
Note	£	£

Current assets

Stocks		4,502,150	–
Debtors	4	137,424	1,000
Cash at bank and in hand		342,337	–
		------------	-------
		4,981,911	1,000

Creditors: amounts falling due within one year	5	4,898,291	–
		------------	-------
Net current assets		83,620	1,000
		--------	-------
Total assets less current liabilities		83,620	1,000
		--------	-------

Capital and reserves

Called up share capital	6	1,000	1,000
Profit and loss account		82,620	–
		--------	-------
Shareholder funds		83,620	1,000
		--------	-------

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 comprehensive income has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 25 September 2020 , and are signed on behalf of the board by:

Mr K P Rouse

Director

Company registration number: 11679930

Rouse Homes Birkenshaw Limited

Notes to the Financial Statements

Year ended 31 December 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Carr Crofts Drive, Armley, Leeds, LS12 3AL, West Yorkshire.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents amounts receivable for goods and services provided in the normal course of business net of trade discounts and VAT. Turnover on house sales is recognised on legal completion.

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 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.

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. Land and work in progress are valued at the lower of cost and net realisable value. Work in progress includes direct production costs, site overheads and professional charges.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Debtors

	2019	2018
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,000	–
Other debtors	136,424	1,000
	---------	-------
	137,424	1,000
	---------	-------

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Bank loans and overdrafts	19,199	–
Trade creditors	840	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,679,526	–
Corporation tax	19,380	–
Deposits received	179,346	–
	------------	----
	4,898,291	–
	------------	----

The bank loan is secured by fixed and floating charges over the land, property and undertakings of the company .

6. Called up share capital

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

7. Summary audit opinion

The auditor's report for the year dated 25 September 2020 was unqualified.

The senior statutory auditor was Mr Nicholas Birdsall , for and on behalf of Birdsall & Bennett LLP .

8. Related party transactions

The Company has taken advantage of the exemptions allowed under FRS102 not to disclose transactions with other group companies.

9. Controlling party

The company is a wholly owned subsidiary of Rouse Homes Limited a company registered in England & Wales. The address of that company's registered office is 8 Carr Crofts Drive, Armley, Leeds LS12 3AL.