Centaur Homes (North) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11046877 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

CENTAUR HOMES (NORTH) LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

M E Snape

M J Harrison

G D Wooddisse

REGISTERED OFFICE:

Willow End

Stoke Orchard Road

Bishops Cleeve

Cheltenham

Gloucestershire

GL52 7DG

REGISTERED NUMBER:

11046877 (England and Wales)

ACCOUNTANTS:

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

CURRENT ASSETS

Stocks

1,718,878

-

Debtors

5,093

157

Cash at bank

43,613

39,693

1,767,584

39,850

CREDITORS

Amounts falling due within one year

(1,767,574

)

(41,525

)

NET CURRENT ASSETS/(LIABILITIES)

10

(1,675

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10

(1,675

)

CAPITAL AND RESERVES

Called up share capital

4

10

10

Retained earnings

-

(1,685

)

SHAREHOLDERS' FUNDS

10

(1,675

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 September 2023 and were signed on its behalf by:

M E Snape - Director

1.	STATUTORY INFORMATION

Centaur Homes (North) 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 (£).

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.

Turnover

Turnover is recognised on completion of selling a property or on the raising of an invoice for extras.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

1,000

Ordinary

£0.01

10

10

5.	RELATED PARTY DISCLOSURES

Centaur Homes Limited

A company in which Mr M E Snape and Mr M J Harrison are both directors and shareholders

During the year, Centaur Homes Limited made sales to the company totalling £487,007 (2021: £52,953) on an arm's length basis. They also loaned this company £935,000 during the year. At the year end £1,108,607 (2021: £2,780) was due to Centaur Homes Limited. The balance is unsecured; no terms of repayment or interest have been agreed.

Bayhill Property Limited

A company in which Mr G D Wooddisse is a director and shareholder

During the year, Bayhill Property Limited loaned the company £635,000. At the year end £635,000 was due to Bayhill Property Limited. The balance is unsecured; no terms of repayment or interest have been agreed.

Centaur Land Limited

A company in which Mr M E Snape and Mr M J Harrison are both directors and shareholders

During the year, Centaur Land Limited transferred the land and development costs of one of its plots to this company on an arms length basis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Centaur Homes (North) Limited for the year ended 31 December 2022 which comprise the Income Statement, Abridged Statement of Financial Position and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Centaur Homes (North) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Centaur Homes (North) Limited and state those matters that we have agreed to state to the Board of Directors of Centaur Homes (North) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Centaur Homes (North) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Centaur Homes (North) 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 Centaur Homes (North) Limited. You consider that Centaur Homes (North) 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 Centaur Homes (North) 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.

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

28 September 2023