Collaboration Homes Ltd
Registered number: 13367741
Statement of Financial Position
as at 30 April 2023
Notes 2023 2022
£ £
Current assets
Stocks 1,496,411 1,435,657
Debtors 3 117,611 132,979
Cash at bank and in hand 3,834 63,050
1,617,856 1,631,686
Creditors: amounts falling due within one year 4 (1,736,382) (1,680,929)
Net current liabilities (118,526) (49,243)
Net liabilities (118,526) (49,243)
Capital and reserves
Called up share capital 99 99
Profit and loss account (118,625) (49,342)
Shareholders' funds (118,526) (49,243)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
LRR Jobson
Director
Approved by the board on 26 October 2023
Collaboration Homes Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future.

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction 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.
Creditors
Short term creditors are measured at transaction 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees and directors 2023 2022
Number Number
Average number of directors and persons employed by the company 3 3
3 Debtors 2023 2022
£ £
Prepayments 110,493 115,793
Other debtors 7,118 17,186
117,611 132,979
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 610,840 559,585
Trade creditors 190 8,679
Accruals 1,185 1,309
Other taxes and social security costs 80 2,458
Other creditors 1,124,087 1,108,898
1,736,382 1,680,929
5 Other information
Collaboration Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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