Shrewsbury Homes (Mill Court) Limited 30/06/2022 iXBRL
Shrewsbury Homes (Mill Court) Limited 30/06/2022 iXBRL
Company registration number:
06929154
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
DIRECTORS AND OTHER INFORMATION
Directors |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Countrywide House | ||
Knights Way | ||
Shrewsbury | ||
Shropshire | ||
SY1 3AB | ||
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHREWSBURY HOMES (MILL COURT) LIMITED
YEAR ENDED 30 JUNE 2022
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 (Mill Court) Limited for the year ended 30 June 2022 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 (Mill Court) Limited, as a body, in accordance with the terms of our engagement letter dated 17 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Shrewsbury Homes (Mill Court) Limited and state those matters that we have agreed to state to the board of directors of Shrewsbury Homes (Mill Court) 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 (Mill Court) 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 (Mill Court) 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 profit of Shrewsbury Homes (Mill Court) Limited. You consider that Shrewsbury Homes (Mill Court) 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 (Mill Court) 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.
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
17 March 2023
STATEMENT OF FINANCIAL POSITION
30 JUNE 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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
10 March 2023
, and are signed on behalf of the board by:
Director
Company registration number:
06929154
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30 JUNE 2022
Called up share capital | Profit and loss account | Total | |||
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At 1 July 2020 |
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Profit/(loss) for the year |
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Total comprehensive income for the year | - |
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At 30 June 2021 and 1 July 2021 |
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Profit/(loss) for the year |
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Total comprehensive income for the year | - |
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At 30 June 2022 |
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NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2022
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, Battlefield Enterprise Park, Shrewsbury, SY1 3AB.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts.
Taxation
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2021:
2
).
5.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 July 2021 and 30 June 2022 |
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Impairment | |||
At 1 July 2021 and 30 June 2022 | - | - | |
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Carrying amount | |||
At 30 June 2022 |
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At 30 June 2021 |
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6.
Debtors
2022 | 2021 | |||
£ | £ | |||
Other debtors |
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7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Other creditors |
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8.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
£ | £ | |||
Other creditors |
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Included within creditors: amounts falling due after more than one year is an amount of £ 180,957
(2021 £ 180,954 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
The loan outstanding is repayable by 5 July 2043 at an effective rate of interest of 4.38% per annum.
9.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2022 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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- | - |
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2021 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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- | - |
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The balance of the directors loan is shown in other creditors.