AWM Homes Limited
AWM Homes Limited
Registered number: 12195730
Unaudited Financial Statements
For The Year Ended
30 September 2022
AWM Homes Limited
Unaudited Financial Statements
For The Year Ended
30 September 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Page 1
AWM Homes Limited
Balance Sheet
As at
30 September 2022
Balance Sheet
Registered number:
12195730
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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( |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (36,105) | (23,394) | |||
Page 1
Page 2
AWM Homes Limited
Balance Sheet (continued)
As at
30 September 2022
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
AWM Homes Limited
Notes to the Financial Statements
For The Year Ended
30 September 2022
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
1.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2021: 2)
3.
Stocks
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - Properties under development |
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4.
Debtors
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| VAT |
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5.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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- | |
| Accruals and deferred income |
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| Directors' loan accounts |
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| Amounts owed to related parties |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
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Page 3
Page 4
AWM Homes Limited
Notes to the Financial Statements (continued)
For The Year Ended
30 September 2022
7.
Share Capital
| 2022 | 2021 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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8.
Related Party Transactions
Included in creditors due within one year is an amount of £319,500
(2021: £240,954
) owed to its directors. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £50,000
owed to Prime Acumen Property Limited in which the director of the company, Mr. Adam Charles Wright has beneficial interest. Interest of 3.5% is charged on the amount and repayable on demand.
9.
General Information
AWM Homes Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12195730
. The registered office is 70 Princes Avenue, Petts Wood, Orpington, Kent, BR5 1QS.
Page 4