Hereford Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09531019 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

Hereford Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J P W Strike

P Henchoz

Registered office:

Barrow Cottage

Barrow Common

Kingstone

Hereford

HR2 9HD

Registered number:

09531019 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

CURRENT ASSETS

Stocks

1,622,596

1,265,144

Debtors

4

-

61,260

Cash at bank

45,337

38,049

1,667,933

1,364,453

CREDITORS

Amounts falling due within one year

5

(822,900

)

(554,042

)

NET CURRENT ASSETS

845,033

810,411

TOTAL ASSETS LESS CURRENT LIABILITIES

845,033

810,411

CREDITORS

Amounts falling due after more than one year

6

(943,339

)

(857,284

)

NET LIABILITIES

(98,306

)

(46,873

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(98,406

)

(46,973

)

SHAREHOLDERS' FUNDS

(98,306

)

(46,873

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 24 January 2019 and were signed on its behalf by:

J P W Strike - Director

1.	STATUTORY INFORMATION

Hereford 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

46,248

Other debtors

-

15,012

-

61,260

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,500

32,642

Other creditors

821,400

521,400

822,900

554,042

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

943,339

857,284

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Lloyds Bank

943,339

857,284

A debenture has been registered on behalf of Lloyds Bank plc

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors held current accounts with the company. The total amount owed to them at 31

August 2018 is £669,900 (2017 - £519,900).

9.	RELATED PARTY DISCLOSURES

During the year, Hereford Homes Limited took out a loan for £150,000 from Striking Building Services Limited,

a company in which Mr J Strike is a Director.