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Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Friendly House Ltd

Friendly House Ltd (Registered number: 13547760)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Friendly House Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs T A Rogers
N Rogers





REGISTERED OFFICE: Springfield Hampkins Hill Road
Chiddingstone
Edenbridge
TN8 7BB





REGISTERED NUMBER: 13547760 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Friendly House Ltd (Registered number: 13547760)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,043 1,557
Investment property 5 554,724 554,724
555,767 556,281

CURRENT ASSETS
Cash at bank 15,606 5,931

CREDITORS
Amounts falling due within one year 6 227,851 211,801
NET CURRENT LIABILITIES (212,245 ) (205,870 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,522

350,411

CREDITORS
Amounts falling due after more than one
year

7

356,186

356,187
NET LIABILITIES (12,664 ) (5,776 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (12,666 ) (5,778 )
SHAREHOLDERS' FUNDS (12,664 ) (5,776 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Friendly House Ltd (Registered number: 13547760)

Balance Sheet - continued
31 August 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:




N Rogers - Director



Mrs T A Rogers - Director


Friendly House Ltd (Registered number: 13547760)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Friendly House Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

Friendly House Ltd (Registered number: 13547760)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2022
and 31 August 2023 1,557
DEPRECIATION
Charge for year 514
At 31 August 2023 514
NET BOOK VALUE
At 31 August 2023 1,043
At 31 August 2022 1,557

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 554,724
NET BOOK VALUE
At 31 August 2023 554,724
At 31 August 2022 554,724

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,223 10,223
Directors' current accounts 216,668 200,618
Accrued expenses 960 960
227,851 211,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 356,186 356,187

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 315,293 315,294

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,223 10,223

Friendly House Ltd (Registered number: 13547760)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


8. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,223 10,223

Amounts falling due between two and five years:
Bank loans - 2-5 years 30,670 30,670

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 315,293 315,294

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 366,409 366,410

The bank loans are secured by way of fixed charge over the investment properties held, with charges registered at Companies House.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 2 2 2

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors of the company.