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REGISTERED NUMBER: 12636324 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 September 2023

for

Villafont (Adel) Development Limited

Villafont (Adel) Development Limited (Registered number: 12636324)






Contents of the Financial Statements
for the Year Ended 29 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Villafont (Adel) Development Limited

Company Information
for the Year Ended 29 September 2023







DIRECTORS: Mr D R Foran
Mr D J Kay
Mr J M McGoff
Mr D T McGoff
Mr D J P McGoff
Mr C A McGoff





REGISTERED OFFICE: 1 St Georges Court
Altrincham Business Park
Altrincham
United Kingdom
WA14 5UA





REGISTERED NUMBER: 12636324 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Villafont (Adel) Development Limited (Registered number: 12636324)

Balance Sheet
29 September 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks - 746,789
Debtors 4 269 154,579
Cash at bank and in hand 8,333 1,080,767
8,602 1,982,135
CREDITORS
Amounts falling due within one year 5 8,228 1,920,784
NET CURRENT ASSETS 374 61,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

374

61,351

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 373 61,350
374 61,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2023 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 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 Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





Mr D R Foran - Director


Villafont (Adel) Development Limited (Registered number: 12636324)

Notes to the Financial Statements
for the Year Ended 29 September 2023

1. STATUTORY INFORMATION

Villafont (Adel) Development 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.

Property stocks
Property stock is valued at the lower of cost and net realisable value including all direct costs.

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.

Going concern
The company's financial statements for the period ended 29 September 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 151,032
VAT 269 3,547
269 154,579

Villafont (Adel) Development Limited (Registered number: 12636324)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 600 -
Amounts owed to group undertakings - 1,683,812
Tax 3,644 -
Other creditors - 159,950
Accrued expenses 3,984 77,022
8,228 1,920,784

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

7. ULTIMATE CONTROLLING PARTY

The Company's immediate parent undertaking is New Care (Adel) Holdings Limited. New Care (Adel) Holdings Limited, a private company limited by shares, is incorporated in England & Wales, The company's ultimate parent undertaking is McGoff Investco (Adel) Limited, a company registered in England & Wales.