Hodson Homes (North West) Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06156534 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

HODSON HOMES (NORTH WEST) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N D Hodson

SECRETARY:

Mrs K Hodson

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

06156534 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

1,122

1,496

CURRENT ASSETS

Stocks

181,599

116,472

Debtors

5

2,687

1,341

Cash at bank

17,103

6,626

201,389

124,439

CREDITORS

Amounts falling due within one year

6

244,985

154,582

NET CURRENT LIABILITIES

(43,596

)

(30,143

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,474

)

(28,647

)

PROVISIONS FOR LIABILITIES

213

284

NET LIABILITIES

(42,687

)

(28,931

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(42,887

)

(29,131

)

SHAREHOLDERS' FUNDS

(42,687

)

(28,931

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 November 2022 and were signed by:

Mr N D Hodson - Director

1.	STATUTORY INFORMATION

Hodson Homes (North West) Ltd 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.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 July 2021

and 30 June 2022

2,759

2,373

5,132

DEPRECIATION

At 1 July 2021

2,067

1,569

3,636

Charge for year

173

201

374

At 30 June 2022

2,240

1,770

4,010

NET BOOK VALUE

At 30 June 2022

519

603

1,122

At 30 June 2021

692

804

1,496

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Other debtors

100

670

Tax

74

74

VAT

2,513

597

2,687

1,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Trade creditors

4,836

885

Other creditors

214,896

113,034

Directors' current accounts

24,273

39,433

Accrued expenses

980

1,230

244,985

154,582

7.	RELATED PARTY DISCLOSURES

During the year the company received an additional loan from Index Finance Limited, a company of which Mr N D Hodson is a director. At the year end the outstanding balance owing to Index Finance Limited was £212,041 (2021: £112,041).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N D Hodson.