Lea Manor Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11017609 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2022

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

9 Shottery Brook Office Park

Timothys Bridge Road

Stratford-Upon-Avon

CV37 9NR

CURRENT ASSETS

Debtors

4

41,682

49,853

Cash at bank

5,002

3,833

46,684

53,686

CREDITORS

Amounts falling due within one year

5

8,778

11,127

NET CURRENT ASSETS

37,906

42,559

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,906

42,559

CREDITORS

Amounts falling due after more than
one year

6

43,560

44,166

NET LIABILITIES

(5,654

)

(1,607

)

CAPITAL AND RESERVES

Called up share capital

7

2

Retained earnings

(5,656

)

(1,609

)

SHAREHOLDERS' FUNDS

(5,654

)

(1,607

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 2 March 2023 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.

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 (2021 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

Amounts owed by participating interests

41,681

48,976

Other debtors

1

877

41,682

49,853

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

Bank loans and overdrafts

6,618

5,833

Trade creditors

-

2,235

Taxation and social security

160

2,059

Other creditors

2,000

1,000

8,778

11,127

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.8.22

31.8.21

£

Bank loans

43,560

44,166

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instalments

17,088

4,166

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.22

31.8.21

value:

£

1

A Ordinary

1

2

1

B Ordinary

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

2022

2021

£

At start of period

-

277,926

Amounts advanced

-

10,000

Amounts repaid

-

(287,926)

At end of period

-

Loans to related parties

2022

2021

£

At start of period

47,711

288,578

Amounts advanced

7,200

47,711

Amounts repaid

-

(288,578)

At end of period

40,511

47,711

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