IRIS Accounts Production v23.3.1.45 07683908 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076839082022-07-31076839082023-07-31076839082022-08-012023-07-31076839082021-07-31076839082021-08-012022-07-31076839082022-07-3107683908ns10:Originalns15:EnglandWales2022-08-012023-07-3107683908ns14:PoundSterlingns10:Original2022-08-012023-07-3107683908ns10:Originalns10:Director12022-08-012023-07-3107683908ns10:Original2022-08-012023-07-3107683908ns10:Original2023-07-3107683908ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3107683908ns10:Originalns10:SmallEntities2022-08-012023-07-3107683908ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3107683908ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3107683908ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3107683908ns10:Originalns10:AbridgedAccounts2022-08-012023-07-3107683908ns10:Original12022-08-012023-07-3107683908ns10:Originalns10:OrdinaryShareClass12022-08-012023-07-3107683908ns10:Originalns10:Director22022-08-012023-07-3107683908ns10:CompanySecretary1ns10:Original2022-08-012023-07-3107683908ns10:Originalns10:RegisteredOffice2022-08-012023-07-3107683908ns10:Original2022-07-3107683908ns10:Originalns5:CurrentFinancialInstruments2023-07-3107683908ns10:Originalns5:CurrentFinancialInstruments2022-07-3107683908ns10:Originalns5:Non-currentFinancialInstruments2023-07-3107683908ns10:Originalns5:Non-currentFinancialInstruments2022-07-3107683908ns5:ShareCapitalns10:Original2023-07-3107683908ns5:ShareCapitalns10:Original2022-07-3107683908ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3107683908ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3107683908ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-012023-07-3107683908ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-08-012023-07-3107683908ns10:Originalns5:ComputerEquipment2022-08-012023-07-3107683908ns10:Original2021-08-012022-07-3107683908ns10:Original2022-07-3107683908ns10:Originalns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 07683908 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

The Villa (Clitheroe) Limited

The Villa (Clitheroe) Limited (Registered number: 07683908)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Villa (Clitheroe) Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: G Cafasso
Ms C J Foster





SECRETARY: Ms C J Foster





REGISTERED OFFICE: 10 Grimshaw Street
Burnley
Lancashire
BB11 2AS





REGISTERED NUMBER: 07683908 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

The Villa (Clitheroe) Limited (Registered number: 07683908)

Abridged Balance Sheet
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,466 27,466
Investment property 6 191,942 191,942
219,408 219,408

CURRENT ASSETS
Debtors 2,677 2,677
Cash at bank 80,158 40,799
82,835 43,476
CREDITORS
Amounts falling due within one year 262,163 224,371
NET CURRENT LIABILITIES (179,328 ) (180,895 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,080

38,513

CREDITORS
Amounts falling due after more than one year - 29,167
NET ASSETS 40,080 9,346

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 39,980 9,246
SHAREHOLDERS' FUNDS 40,080 9,346

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Villa (Clitheroe) Limited (Registered number: 07683908)

Abridged Balance Sheet - continued
31 July 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 January 2024 and were signed on its behalf by:





G Cafasso - Director


The Villa (Clitheroe) Limited (Registered number: 07683908)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

The Villa (Clitheroe) 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.

The financial statements have been prepared on a going concern basis. The company has net current liabilities in the current and previous financial year. The directors are of the opinion that trading performance will improve over the next financial year and that the relevant support will be maintained. No adjustments have been made that may have been found necessary if any other basis of preparation had been used.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Computer equipment - 25% on cost

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.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


The Villa (Clitheroe) Limited (Registered number: 07683908)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 48,000
AMORTISATION
At 1 August 2022
and 31 July 2023 48,000
NET BOOK VALUE

At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 72,388
DEPRECIATION
At 1 August 2022
and 31 July 2023 44,922
NET BOOK VALUE
At 31 July 2023 27,466
At 31 July 2022 27,466

The Villa (Clitheroe) Limited (Registered number: 07683908)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 191,942
NET BOOK VALUE
At 31 July 2023 191,942
At 31 July 2022 191,942

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
100 Ordinary £1 100 100