Shrewsbury Homes (Mill Court) Limited 30/06/2023 iXBRL

SHREWSBURY HOMES (MILL COURT) LIMITED - Company Information

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Company registration number: 06929154

SHREWSBURY HOMES (MILL COURT) LIMITED

30 June 2023

HEYWOODS

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

SHREWSBURY HOMES (MILL COURT) LIMITED

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

SHREWSBURY HOMES (MILL COURT) LIMITED

DIRECTORS AND OTHER INFORMATION


	Directors	Mrs M E Cambray
		Mr R I Cambray


	Secretary	Mr R I Cambray


	Company number	06929154


	Registered office	Countrywide House
		Knights Way
		Battlefield Enterprise Park
		Shrewsbury
		SY1 3AB


	Business address	New House Farm
		Pulverbatch
		Shrewsbury
		Shropshire
		SY5 8DE


	Accountants	Heywoods
		Countrywide House
		Knights Way
		Shrewsbury
		Shropshire
		SY1 3AB

SHREWSBURY HOMES (MILL COURT) LIMITED

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 2023

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 2023 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 loss 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.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

24 November 2023

SHREWSBURY HOMES (MILL COURT) LIMITED

STATEMENT OF FINANCIAL POSITION

30 JUNE 2023

		2023		2022
	Note	£	£	£	£

Fixed assets
Investments	5	332,593		312,576
		_______		_______
			332,593		312,576

Current assets
Debtors	6	186		51
Cash at bank and in hand		5,098		3,465
		_______		_______
		5,284		3,516
Creditors: amounts falling due
within one year	7	( 305,376)		( 93,910)
		_______		_______
Net current liabilities			( 300,092)		( 90,394)
			_______		_______
Total assets less current liabilities			32,501		222,182

Creditors: amounts falling due
after more than one year	8		-		( 180,957)
			_______		_______
Net assets			32,501		41,225
			_______		_______

Capital and reserves
Called up share capital			300		300
Profit and loss account			32,201		40,925
			_______		_______
Shareholders funds			32,501		41,225
			_______		_______

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- 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;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 24 November 2023 , and are signed on behalf of the board by:

Mr R I Cambray

Director

Company registration number: 06929154

SHREWSBURY HOMES (MILL COURT) LIMITED

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 30 JUNE 2023

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 July 2021	300	39,248	39,548

(Loss)/profit for the year		1,677	1,677
	_______	_______	_______
Total comprehensive income for the year	-	1,677	1,677

	_______	_______	_______
At 30 June 2022 and 1 July 2022	300	40,925	41,225

(Loss)/profit for the year		( 8,724)	( 8,724)
	_______	_______	_______
Total comprehensive income for the year	-	( 8,724)	( 8,724)

	_______	_______	_______
At 30 June 2023	300	32,201	32,501
	_______	_______	_______

SHREWSBURY HOMES (MILL COURT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2023

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

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

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 (2022: 2 ).

5. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 July 2022	312,576	312,576
Additions	20,017	20,017
	_______	_______
At 30 June 2023	332,593	332,593
	_______	_______
Impairment
At 1 July 2022 and 30 June 2023	-	-
	_______	_______
Carrying amount
At 30 June 2023	332,593	332,593
	_______	_______
At 30 June 2022	312,576	312,576
	_______	_______

6. Debtors

	2023	2022
	£	£
Other debtors	186	51
	_______	_______

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	181,496	-
Other creditors	123,880	93,910
	_______	_______
	305,376	93,910
	_______	_______

8. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Other creditors	-	180,957
	_______	_______

Included within creditors: amounts falling due after more than one year is an amount of £ - (2022 £ 180,957 ) 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:

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mrs M E Cambray	( 84,014)	-	( 84,014)
	Mr R I Cambray	( 5,367)	( 15,000)	( 20,367)
		_______	_______	_______
		( 89,381)	( 15,000)	( 104,381)
		_______	_______	_______

2022
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mrs M E Cambray	( 84,014)	-	( 84,014)
	Mr R I Cambray	( 5,367)	-	( 5,367)
		_______	_______	_______
		( 89,381)	-	( 89,381)
		_______	_______	_______

The balance of the directors loan is shown in other creditors.