Shrewsbury Homes (D1) Limited 30/04/2020 iXBRL

Shrewsbury Homes (D1) Limited 30/04/2020 iXBRL

SHREWSBURY HOMES (D1) LIMITED - Company Information

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Company registration number: 09546476
SHREWSBURY HOMES (D1) LIMITED
30 April 2020
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
SHREWSBURY HOMES (D1) LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
SHREWSBURY HOMES (D1) LIMITED
DIRECTORS AND OTHER INFORMATION
Directors Mr M L Davies (Retired 4 July 2019)
Mr J M Morris
Company number 09546476
Registered office Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
Business address Black Lion Court
Pulverbatch
Shrewsbury
Shropshire
SY5 8EA
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
SHREWSBURY HOMES (D1) LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHREWSBURY HOMES (D1) LIMITED
YEAR ENDED 30 APRIL 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shrewsbury Homes (D1) Limited for the year ended 30 April 2020 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Shrewsbury Homes (D1) Limited, as a body, in accordance with the terms of our engagement letter dated 5 June 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Shrewsbury Homes (D1) Limited and state those matters that we have agreed to state to the board of directors of Shrewsbury Homes (D1) Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shrewsbury Homes (D1) Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Shrewsbury Homes (D1) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Shrewsbury Homes (D1) Limited. You consider that Shrewsbury Homes (D1) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Shrewsbury Homes (D1) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
30 September 2020
SHREWSBURY HOMES (D1) LIMITED
STATEMENT OF FINANCIAL POSITION
30 APRIL 2020
2020 2019
Note £ £ £ £
Current assets
Stock and work-in-progress - 394,443
Debtors 5 71,586 1,196,633
Cash at bank and in hand 404,469 6,623
_______ _______
476,055 1,597,699
Creditors: amounts falling due
within one year 6 ( 239,297) ( 1,321,887)
_______ _______
Net current assets 236,758 275,812
_______ _______
Total assets less current liabilities 236,758 275,812
_______ _______
Net assets 236,758 275,812
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 236,756 275,810
_______ _______
Shareholders funds 236,758 275,812
_______ _______
For the year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 30 September 2020 , and are signed on behalf of the board by:
Mr J M Morris
Director
Company registration number: 09546476
SHREWSBURY HOMES (D1) LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30 APRIL 2020
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2018 2 436,101 436,103
Loss for the year ( 160,291) ( 160,291)
_______ _______ _______
Total comprehensive income for the year - ( 160,291) ( 160,291)
_______ _______ _______
At 30 April 2019 and 1 May 2019 2 275,810 275,812
Loss for the year ( 39,054) ( 39,054)
_______ _______ _______
Total comprehensive income for the year - ( 39,054) ( 39,054)
_______ _______ _______
At 30 April 2020 2 236,756 236,758
_______ _______ _______
SHREWSBURY HOMES (D1) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2020
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
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.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Construction contracts
Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2019: 2 ).
5. Debtors
2020 2019
£ £
Trade debtors 1,000 -
Other debtors 70,586 1,196,633
_______ _______
71,586 1,196,633
_______ _______
6. Creditors: amounts falling due within one year
2020 2019
£ £
Other creditors 239,297 1,321,887
_______ _______
There is a fixed charge dated 22 May 2015 over the development land at Dorrington .