2020-12-062021-12-312021-12-31false13064664THE HOUSE FOLK LIMITED2022-09-0168209iso4217:GBPxbrli:pure130646642020-12-06130646642021-12-31130646642020-12-062021-12-31130646642020-12-05130646642020-12-05130646642020-12-052020-12-0513064664bus:SmallEntities2020-12-062021-12-3113064664bus:AuditExempt-NoAccountantsReport2020-12-062021-12-3113064664bus:AbridgedAccounts2020-12-062021-12-3113064664bus:PrivateLimitedCompanyLtd2020-12-062021-12-3113064664core:WithinOneYear2021-12-3113064664core:AfterOneYear2021-12-3113064664core:WithinOneYear2020-12-0513064664core:AfterOneYear2020-12-0513064664core:ShareCapital2021-12-3113064664core:SharePremium2021-12-3113064664core:RevaluationReserve2021-12-3113064664core:OtherReservesSubtotal2021-12-3113064664core:RetainedEarningsAccumulatedLosses2021-12-3113064664core:ShareCapital2020-12-0513064664core:SharePremium2020-12-0513064664core:RevaluationReserve2020-12-0513064664core:OtherReservesSubtotal2020-12-0513064664core:RetainedEarningsAccumulatedLosses2020-12-0513064664core:LandBuildings2021-12-3113064664core:PlantMachinery2021-12-3113064664core:Vehicles2021-12-3113064664core:FurnitureFittings2021-12-3113064664core:OfficeEquipment2021-12-3113064664core:NetGoodwill2021-12-3113064664core:IntangibleAssetsOtherThanGoodwill2021-12-3113064664core:ListedExchangeTraded2021-12-3113064664core:UnlistedNon-exchangeTraded2021-12-3113064664core:LandBuildings2020-12-0513064664core:PlantMachinery2020-12-0513064664core:Vehicles2020-12-0513064664core:FurnitureFittings2020-12-0513064664core:OfficeEquipment2020-12-0513064664core:NetGoodwill2020-12-0513064664core:IntangibleAssetsOtherThanGoodwill2020-12-0513064664core:ListedExchangeTraded2020-12-0513064664core:UnlistedNon-exchangeTraded2020-12-0513064664core:LandBuildings2020-12-062021-12-3113064664core:PlantMachinery2020-12-062021-12-3113064664core:Vehicles2020-12-062021-12-3113064664core:FurnitureFittings2020-12-062021-12-3113064664core:OfficeEquipment2020-12-062021-12-3113064664core:NetGoodwill2020-12-062021-12-3113064664core:IntangibleAssetsOtherThanGoodwill2020-12-062021-12-3113064664core:ListedExchangeTraded2020-12-062021-12-3113064664core:UnlistedNon-exchangeTraded2020-12-062021-12-3113064664core:MoreThanFiveYears2020-12-062021-12-3113064664core:Non-currentFinancialInstruments2021-12-3113064664core:Non-currentFinancialInstruments2020-12-0513064664dpl:CostSales2020-12-062021-12-3113064664dpl:DistributionCosts2020-12-062021-12-3113064664dpl:AdministrativeExpenses2020-12-062021-12-3113064664core:LandBuildings2020-12-062021-12-3113064664core:PlantMachinery2020-12-062021-12-3113064664core:Vehicles2020-12-062021-12-3113064664core:FurnitureFittings2020-12-062021-12-3113064664core:OfficeEquipment2020-12-062021-12-3113064664core:NetGoodwill2020-12-062021-12-3113064664core:IntangibleAssetsOtherThanGoodwill2020-12-062021-12-3113064664dpl:GroupUndertakings2020-12-062021-12-3113064664dpl:ParticipatingInterests2020-12-062021-12-3113064664dpl:GroupUndertakingscore:ListedExchangeTraded2020-12-062021-12-3113064664core:ListedExchangeTraded2020-12-062021-12-3113064664dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-12-062021-12-3113064664core:UnlistedNon-exchangeTraded2020-12-062021-12-3113064664dpl:CostSales2020-12-052020-12-0513064664dpl:DistributionCosts2020-12-052020-12-0513064664dpl:AdministrativeExpenses2020-12-052020-12-0513064664core:LandBuildings2020-12-052020-12-0513064664core:PlantMachinery2020-12-052020-12-0513064664core:Vehicles2020-12-052020-12-0513064664core:FurnitureFittings2020-12-052020-12-0513064664core:OfficeEquipment2020-12-052020-12-0513064664core:NetGoodwill2020-12-052020-12-0513064664core:IntangibleAssetsOtherThanGoodwill2020-12-052020-12-0513064664dpl:GroupUndertakings2020-12-052020-12-0513064664dpl:ParticipatingInterests2020-12-052020-12-0513064664dpl:GroupUndertakingscore:ListedExchangeTraded2020-12-052020-12-0513064664core:ListedExchangeTraded2020-12-052020-12-0513064664dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-12-052020-12-0513064664core:UnlistedNon-exchangeTraded2020-12-052020-12-0513064664core:NetGoodwill2021-12-3113064664core:IntangibleAssetsOtherThanGoodwill2021-12-3113064664core:LandBuildings2021-12-3113064664core:PlantMachinery2021-12-3113064664core:Vehicles2021-12-3113064664core:FurnitureFittings2021-12-3113064664core:OfficeEquipment2021-12-3113064664core:AfterOneYear2021-12-3113064664core:WithinOneYear2021-12-3113064664core:ListedExchangeTraded2021-12-3113064664core:UnlistedNon-exchangeTraded2021-12-3113064664core:ShareCapital2021-12-3113064664core:SharePremium2021-12-3113064664core:RevaluationReserve2021-12-3113064664core:OtherReservesSubtotal2021-12-3113064664core:RetainedEarningsAccumulatedLosses2021-12-3113064664core:NetGoodwill2020-12-0513064664core:IntangibleAssetsOtherThanGoodwill2020-12-0513064664core:LandBuildings2020-12-0513064664core:PlantMachinery2020-12-0513064664core:Vehicles2020-12-0513064664core:FurnitureFittings2020-12-0513064664core:OfficeEquipment2020-12-0513064664core:AfterOneYear2020-12-0513064664core:WithinOneYear2020-12-0513064664core:L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THE HOUSE FOLK LIMITED

Registered Number
13064664
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2021

THE HOUSE FOLK LIMITED
Company Information
for the period from 6 December 2020 to 31 December 2021

Directors

Bruce Marshall
Naomi Marshall

Registered Address

179 Park Lane
Poynton
SK12 1RH

Registered Number

13064664 (England and Wales)
THE HOUSE FOLK LIMITED
Balance Sheet as at
31 December 2021

Notes

2021

£

£

Fixed assets
Investments5424,974
424,974
Current assets
Cash at bank and on hand27,175
27,175
Creditors amounts falling due within one year7(188,109)
Net current assets (liabilities)(160,934)
Total assets less current liabilities264,040
Creditors amounts falling due after one year8(279,956)
Net assets(15,916)
Capital and reserves
Called up share capital100
Profit and loss account(16,016)
Shareholders' funds(15,916)
The financial statements were approved and authorised for issue by the Board of Directors on 1 September 2022, and are signed on its behalf by:
Naomi Marshall
Director
Registered Company No. 13064664
THE HOUSE FOLK LIMITED
Notes to the Financial Statements
for the period ended 31 December 2021

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
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 policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
4.Employee information

2021
Average number of employees during the year2
5.Fixed asset investments

Total

£
Cost or valuation
Additions424,974
At 31 December 21424,974
Net book value
At 31 December 21424,974
At 05 December 20-
6.Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2021

£
Other creditors187,693
Accrued liabilities and deferred income416
Total188,109
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2021

£
Bank borrowings and overdrafts279,956
Total279,956
9.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.