0 false false false false false false false false false true false false false false false false No description of principal activity 2022-06-22 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP SC736262 2022-06-22 2023-03-31 SC736262 2023-03-31 SC736262 bus:Director1 2022-06-22 2023-03-31 SC736262 bus:Director2 2022-06-22 2023-03-31 SC736262 core:WithinOneYear 2023-03-31 SC736262 core:ShareCapital 2023-03-31 SC736262 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC736262 bus:SmallEntities 2022-06-22 2023-03-31 SC736262 bus:AuditExemptWithAccountantsReport 2022-06-22 2023-03-31 SC736262 bus:FullAccounts 2022-06-22 2023-03-31 SC736262 bus:SmallCompaniesRegimeForAccounts 2022-06-22 2023-03-31 SC736262 bus:PrivateLimitedCompanyLtd 2022-06-22 2023-03-31
COMPANY REGISTRATION NUMBER: SC736262
ITC Homes Ltd
Filleted Unaudited Financial Statements
For the period ended
31 March 2023
ITC Homes Ltd
Statement of Financial Position
31 March 2023
31 Mar 23
Note
£
Current assets
Stocks
530
Debtors
4
30,000
Cash at bank and in hand
1
--------
30,531
Creditors: amounts falling due within one year
5
30,730
--------
Net current liabilities
199
----
Total assets less current liabilities
( 199)
----
Net liabilities
( 199)
----
Capital and reserves
Called up share capital
1
Profit and loss account
( 200)
----
Shareholders deficit
( 199)
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 February 2024 , and are signed on behalf of the board by:
Iain Thompson
Debbie Knox
Director
Director
Company registration number: SC736262
ITC Homes Ltd
Notes to the Financial Statements
Period from 22 June 2022 to 31 March 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Lorimer Building, Briglands Estate, Rumbling Bridge, Kinross, KY13 0PS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Employee numbers
There were no staff employed by the company during the period.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The following assets and liabilities are classified as financial instruments - other debtors, accruals and other creditors. Other debtors, accruals and other creditors are measured at the amount payable.
4. Debtors
31 Mar 23
£
Other debtors
30,000
--------
5. Creditors: amounts falling due within one year
31 Mar 23
£
Trade creditors
530
Other creditors
30,200
--------
30,730
--------