Baxter Homes Limited - Accounts to registrar - small 17.1.1
Baxter Homes Limited - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2017 |
| for |
| Baxter Homes Limited |
| Baxter Homes Limited (Registered number: 04437413) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Baxter Homes Limited |
| Company Information |
| for the Year Ended 30 April 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 5 Crescent East |
| Thornton Cleveleys |
| Lancashire |
| FY5 3LJ |
| BANKERS: |
| PO Box 10 |
| 26 Talbot Road |
| Blackpool |
| Lancashire |
| FY1 1LQ |
| Baxter Homes Limited (Registered number: 04437413) |
| Balance Sheet |
| 30 April 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Baxter Homes Limited (Registered number: 04437413) |
| Balance Sheet - continued |
| 30 April 2017 |
| 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 on its behalf by: |
| Baxter Homes Limited (Registered number: 04437413) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2017 |
| 1. | STATUTORY INFORMATION |
| Baxter Homes Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the sale of homes which have been at the stage of exchange of contracts - no |
| income has been included for those which have not yet reached the stage of completion. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| 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 that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| Baxter Homes Limited (Registered number: 04437413) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2016 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 5. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors | 677 | 3,552 |
| The Baxter Group Limited | - | 291,078 |
| Newberry Homes Limited | - | 1,465 |
| Directors' current accounts | - | 6,030 |
| VAT |
| Prepayments |
| Baxter Homes Limited (Registered number: 04437413) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes | ( |
) |
| Other creditors |
| Baxter Construction Limited | 1,723,674 | 713,865 |
| Baxter Estates Limited | - | 276,194 |
| Joy Baxter Disc Sttlmnt | 325,000 | 325,000 |
| Directors' current accounts | 1,971,831 | 2,043,953 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Hire purchase | - | 40,750 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| Hire purchase contracts | 39,683 | 69,205 |
| The above debts are secured by a debenture dated 29th October 2004 of a floating charge over all |
| assets of the company and mortgages over the land held. |
| 10. | PROVISIONS FOR LIABILITIES |
| 2017 | 2016 |
| £ | £ |
| Deferred tax | 1,612 | - |
| Baxter Homes Limited (Registered number: 04437413) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 10. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Movement | 1,612 |
| Balance at 30 April 2017 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, Baxter Homes Limited paid rent of £18,000 to the Baxter Group Limited for use of |
| office premises. |
| At 30 April 2017, a loan of £1,723,674 (2016 - £713,865 ) was owing to Baxter Construction Limited, a |
| loan of £0 (2016 - £291,078) was owed by The Baxter Group Limited and a loan of £0 (2016 - |
| £276,194) was owing to Baxter Estates Limited. A loan of £0 was owed by Newberry Homes Limited. |
| (2016 £1,465). |