Lea Manor Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11017609 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2021

for

Lea Manor Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Evans

Mr T P Mann

REGISTERED OFFICE:

2a Penn Street

Wolverhampton

WV3 0JJ

REGISTERED NUMBER:

11017609 (England and Wales)

ACCOUNTANTS:

Portfolio Accountants Ltd

3 The Courtyard

Timothys Bridge Road

Stratford-Upon-Avon

CV37 9NP

CURRENT ASSETS

Debtors

4

49,853

289,764

Cash at bank and in hand

3,833

1

53,686

289,765

CREDITORS

Amounts falling due within one year

5

11,126

280,985

NET CURRENT ASSETS

42,560

8,780

TOTAL ASSETS LESS CURRENT
LIABILITIES

42,560

8,780

CREDITORS

Amounts falling due after more than
one year

6

44,167

-

NET (LIABILITIES)/ASSETS

(1,607

)

8,780

CAPITAL AND RESERVES

Called up share capital

7

2

Retained earnings

(1,609

)

8,778

SHAREHOLDERS' FUNDS

(1,607

)

8,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 31 May 2022 and were signed on its behalf by:

Mr D Evans - Director

Mr T P Mann - Director

1.	STATUTORY INFORMATION

Lea Manor 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.

The presentation currency of the financial statements is the Pound Sterling (£).

All monetary amounts are rounded to the nearest pound.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and estimates

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

Amounts owed by participating interests

48,976

289,699

Other debtors

877

65

49,853

289,764

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

Bank loans and overdrafts

5,833

-

Trade creditors

2,234

-

Amounts owed to participating interests

-

277,926

Taxation and social security

2,059

Other creditors

1,000

11,126

280,985

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.8.21

31.8.20

£

Bank loans

44,167

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instalments

4,167

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.21

31.8.20

value:

£

1

A Ordinary

1

2

1

B Ordinary

1

-

1

2

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Loans from related parties

2021

2020

£

At start of period

277,926

690,585

Amounts advanced

10,000

182,441

Amounts repaid

(47,059)

(595,100)

At end of period

240,867

277,926

Loans to related parties

2021

2020

£

At start of period

288,578

-

Amounts advanced

-

288,578

Amounts repaid

-

At end of period

288,578

Terms of related party loans

These amounts have been advanced on an interest free basis, there are no fixed repayment terms for the loan facility provided by these related parties.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Board of Directors.

Lea Manor Homes Limited - Accounts to registrar (filleted) - small 18.2

Lea Manor Homes Limited - Accounts to registrar (filleted) - small 18.2