Registered number
10079095
Tree House 23 Limited
Filleted Accounts
31 March 2023
Tree House 23 Limited
Registered number: 10079095
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 4,055 6,253
Current assets
Stocks 456 456
Debtors 5 264,273 279,273
Cash at bank and in hand 13,756 43,508
278,485 323,237
Creditors: amounts falling due within one year 6 (142,321) (161,014)
Net current assets 136,164 162,223
Total assets less current liabilities 140,219 168,476
Creditors: amounts falling due after more than one year 7 (22,435) (42,059)
Provisions for liabilities (770) (1,188)
Net assets 117,014 125,229
Capital and reserves
Called up share capital 100 100
Profit and loss account 116,914 125,129
Shareholders' funds 117,014 125,229
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A W Peters
Director
Approved by the board on 1 December 2023
Tree House 23 Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 10% RBM
Fixtures, fittings, tools and equipment 25% RBM
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 18
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 125,000
At 31 March 2023 125,000
Amortisation
At 1 April 2022 125,000
At 31 March 2023 125,000
Net book value
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 11,123 18,060 450 29,633
At 31 March 2023 11,123 18,060 450 29,633
Depreciation
At 1 April 2022 8,778 14,577 25 23,380
Charge for the year 1,222 870 106 2,198
At 31 March 2023 10,000 15,447 131 25,578
Net book value
At 31 March 2023 1,123 2,613 319 4,055
At 31 March 2022 2,345 3,483 425 6,253
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 264,273 279,273
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,952 10,635
Trade creditors 43,192 3,257
Amounts owed to group undertakings and undertakings in which the company has a participating interest 5,173 -
Taxation and social security costs 21,887 46,223
Other creditors 62,117 100,899
142,321 161,014
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,435 42,059
8 Other information
Tree House 23 Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
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