Sycamore Homes (Bedford) Limited - Accounts to registrar (filleted) - small 18.2

Sycamore Homes (Bedford) Limited - Accounts to registrar (filleted) - small 18.2

SYCAMORE HOMES (BEDFORD) LIMITED - Company Information

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REGISTERED NUMBER: 03602940 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

SYCAMORE HOMES (BEDFORD) LIMITED
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SYCAMORE HOMES (BEDFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTOR: S Bird





SECRETARY: Mrs J A Bird





REGISTERED OFFICE: The Granary
High Street
Turvey
Bedfordshire
MK43 8DB





REGISTERED NUMBER: 03602940 (England and Wales)





ACCOUNTANTS: Cox & Co. (Accountancy) Limited
Chartered Accountants
The Granary
High Street
Turvey
Bedford
Bedfordshire
MK43 8DB
Page 1
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940)

BALANCE SHEET
30 SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 682,160 683,221

CURRENT ASSETS
Stocks - 995,975
Debtors 5 5,494 2,192
Cash at bank 2,188,360 217,044
2,193,854 1,215,211
CREDITORS
Amounts falling due within one year 6 204,492 15,441
NET CURRENT ASSETS 1,989,362 1,199,770
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,671,522
1,882,991

CREDITORS
Amounts falling due after more than one
year
7
43,750
50,000
NET ASSETS 2,627,772 1,832,991

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,627,770 1,832,989
SHAREHOLDERS' FUNDS 2,627,772 1,832,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940)

BALANCE SHEET - continued
30 SEPTEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2021 and were signed by:





S Bird - Director


The notes form part of these financial statements

Page 3
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. STATUTORY INFORMATION

Sycamore Homes (Bedford) 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 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Leasehold property recorded in the accounts is investment property. The properties are recorded at cost which in the Director's opinion is similar to market value at the balance sheet date. As recording the investment property at market value is of prime importance, rather than the systematic recording of annual depreciation, no depreciation is provided.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2020
and 30 September 2021 678,979 23,701 702,680
DEPRECIATION
At 1 October 2020 - 19,459 19,459
Charge for year - 1,061 1,061
At 30 September 2021 - 20,520 20,520
NET BOOK VALUE
At 30 September 2021 678,979 3,181 682,160
At 30 September 2020 678,979 4,242 683,221

Page 4 continued...
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

4. TANGIBLE FIXED ASSETS - continued

The Land and buildings in the accounts are classified as investment property. It is the directors opinion that the cost of the property is also representative of its current market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 5,494 2,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 5,000 -
Taxation and social security 194,952 12,110
Other creditors 4,540 3,331
204,492 15,441

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 43,750 50,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,750 30,000

Page 5