REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TUDOR HOMES (ANGLIA) LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 JUNE 2021 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TUDOR HOMES (ANGLIA) LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 JUNE 2021 |
|
|
|
|
|
TUDOR HOMES (ANGLIA) LIMITED (REGISTERED NUMBER: 00221336) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2021 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 | to | 5 |
|
TUDOR HOMES (ANGLIA) LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2021 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
TUDOR HOMES (ANGLIA) LIMITED (REGISTERED NUMBER: 00221336) |
|
STATEMENT OF FINANCIAL POSITION |
30 JUNE 2021 |
|
2021 | 2020 |
Notes | £ | £ | £ | £ |
ASSETS |
|
CURRENT ASSETS |
Debtors | 4 |
|
|
Cash at bank |
|
|
1,254 | 1,201 |
|
CAPITAL, RESERVES AND LIABILITIES |
|
CAPITAL AND RESERVES |
Called up share capital | 5 |
|
|
Share premium |
|
|
Capital redemption reserve |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
CREDITORS | 6 |
|
|
|
|
|
|
|
|
|
The director acknowledges his 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
|
The financial statements were approved by the director and authorised for issue on
|
|
|
|
|
|
|
TUDOR HOMES (ANGLIA) LIMITED (REGISTERED NUMBER: 00221336) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2021 |
|
1. | STATUTORY INFORMATION |
|
Tudor Homes (Anglia) Limited is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
|
|
At the balance sheet date the company had net current liabilities of £3,431,727 (2020: £3,428,854) and net liabilities of £3,431,727 (2020: £3,428,854) |
|
The company meets its day to day working capital requirements by relying on loans provided by the director. At the balance sheet date the company owed the director and entities under his control £3,390,791 (2020: £3,340,132). The director has given assurances that he will not withdraw this funding to the extent that it would jeopardise the company's ability to continue as a going concern. The director will continue to provide additional financial support to the company as required. |
|
The director is seeking development opportunities that will allow the company to return to profitability. |
|
For the above reasons, the director believes it is appropriate to prepare the financial statements on the going concern basis. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
TUDOR HOMES (ANGLIA) LIMITED (REGISTERED NUMBER: 00221336) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2021 |
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
|
|
Prepayments |
|
|
|
|
|
5. | CALLED UP SHARE CAPITAL |
|
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
|
Ordinary | £0.10 | 430 | 430 |
|
Non Redeemable preference |
shares | £1.00 | 500,000 | 500,000 |
500,430 | 500,430 |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Other creditors |
|
|
Amount due to related parties |
|
|
Accrued expenses |
|
|
|
|
|
7. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2021 | 2020 |
£ | £ |
Bank overdraft |
|
|
Amount due to related party | 3,247,312 | 3,246,859 |
|
|
|
The bank overdraft was secured on a personal guarantee given by the director. The balance of this was settled and the account closed during the year. |
|
The amount due to a related party, a company under the common control of the director, was secured on a personal guarantee given by the director. This loan was released post 30 June 2021 per note 9. |
TUDOR HOMES (ANGLIA) LIMITED (REGISTERED NUMBER: 00221336) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2021 |
|
8. | RELATED PARTY DISCLOSURES |
|
From time to time the director and entities under his control make financing loans to the company. At the balance sheet date the company owed the director and entities under his control £3,390,791 (2020: £3,340,132). These loans are interest free and repayable on demand |
|
9. | POST BALANCE SHEET EVENTS |
|
Post year end the company became a subsidiary of Ashley King Group Limited. Loans due to related parties in the sum of £3,279,613 were consolidated and transferred to Ashley King Group Limited, who subsequently released Tudor Homes (Anglia) Limited from the debt. |