Rea Valley Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09811938 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2020

for

Rea Valley Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J E Jones

W R Middleton

REGISTERED OFFICE:

3 Waterside Gardens

Shrewsbury

Shropshire

SY3 9AG

REGISTERED NUMBER:

09811938 (England and Wales)

ACCOUNTANTS:

Elliot Accountants Limited

3 Waterside Gardens

Shrewsbury

Shropshire

SY3 9AG

FIXED ASSETS

Tangible assets

4

88,526

88,587

CURRENT ASSETS

Stocks

337,520

-

Debtors

5

14,692

5,772

352,212

5,772

CREDITORS

Amounts falling due within one year

6

135,821

(70,807

)

NET CURRENT ASSETS

216,391

76,579

TOTAL ASSETS LESS CURRENT LIABILITIES

304,917

165,166

CREDITORS

Amounts falling due after more than one year

7

302,255

203,185

NET ASSETS/(LIABILITIES)

2,662

(38,019

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

1,662

(39,019

)

SHAREHOLDERS' FUNDS

2,662

(38,019

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2021 and were signed on its behalf by:

A J E Jones - Director

1.	STATUTORY INFORMATION

Rea Valley 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2019

87,308

38,524

125,832

Additions

-

1,026

1,026

At 30 September 2020

87,308

39,550

126,858

DEPRECIATION

At 1 October 2019

-

37,245

37,245

Charge for year

-

1,087

1,087

At 30 September 2020

-

38,332

38,332

NET BOOK VALUE

At 30 September 2020

87,308

1,218

88,526

At 30 September 2019

87,308

1,279

88,587

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

13,080

-

Other debtors

1,612

5,772

14,692

5,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts

10,261

12,525

Hire purchase contracts

5,520

5,520

Trade creditors

20,693

15,024

Taxation and social security

14,662

-

Other creditors

84,685

(103,876

)

135,821

(70,807

)

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Hire purchase contracts

3,220

8,740

Other creditors

299,035

194,445

302,255

203,185

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

30.9.19

value:

£

£

1,000

Ordinary

1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 October 2019

(39,019

)

Profit for the year

116,681

Dividends

(76,000

)

At 30 September 2020

1,662