Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2022-02-25false1truetrue 13940124 2022-02-24 13940124 2022-02-25 2023-02-28 13940124 2021-02-25 2022-02-24 13940124 2023-02-28 13940124 c:Director1 2022-02-25 2023-02-28 13940124 d:FurnitureFittings 2022-02-25 2023-02-28 13940124 d:FurnitureFittings 2023-02-28 13940124 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-25 2023-02-28 13940124 d:CurrentFinancialInstruments 2023-02-28 13940124 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13940124 d:ShareCapital 2023-02-28 13940124 d:RetainedEarningsAccumulatedLosses 2023-02-28 13940124 c:OrdinaryShareClass1 2022-02-25 2023-02-28 13940124 c:OrdinaryShareClass1 2023-02-28 13940124 c:FRS102 2022-02-25 2023-02-28 13940124 c:AuditExempt-NoAccountantsReport 2022-02-25 2023-02-28 13940124 c:FullAccounts 2022-02-25 2023-02-28 13940124 c:PrivateLimitedCompanyLtd 2022-02-25 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13940124









TIER 1 HOMES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
TIER 1 HOMES LTD
REGISTERED NUMBER: 13940124

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
3,055

  
3,055

Current assets
  

Debtors: amounts falling due within one year
 5 
3,112

Cash at bank and in hand
 6 
1,449

  
4,561

Creditors: amounts falling due within one year
 7 
(17,740)

Net current (liabilities)/assets
  
 
 
(13,179)

Total assets less current liabilities
  
(10,124)

  

Net (liabilities)/assets
  
(10,124)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(10,125)

  
(10,124)


Page 1

 
TIER 1 HOMES LTD
REGISTERED NUMBER: 13940124
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K Bendall
Director

Date: 21 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TIER 1 HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

Tier 1 Homes Ltd is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis. The company is dependant on the continued support from the directors and a third party creditor. The directors are of the opinion that this support will continue for the next 12 months from the date of approval of the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
TIER 1 HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 4

 
TIER 1 HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
4,073



At 28 February 2023

4,073



Depreciation


Charge for the period on owned assets
1,018



At 28 February 2023

1,018



Net book value



At 28 February 2023
3,055


5.


Debtors

2023
£


Other debtors
3,112

3,112



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
1,449

1,449


Page 5

 
TIER 1 HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
16,240

Accruals and deferred income
1,500

17,740



8.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation, 1 Ordinary share of £1.00 each was issued at par.

 
Page 6