1 01/07/2022 30/06/2023 2023-06-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07964708 2022-07-01 2023-06-30 07964708 2023-06-30 07964708 2022-06-30 07964708 2021-07-01 2022-06-30 07964708 2022-06-30 07964708 2021-06-30 07964708 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 07964708 bus:Director1 2022-07-01 2023-06-30 07964708 core:FurnitureFittingsToolsEquipment 2022-06-30 07964708 core:FurnitureFittingsToolsEquipment 2023-06-30 07964708 core:WithinOneYear 2023-06-30 07964708 core:WithinOneYear 2022-06-30 07964708 core:ShareCapital 2023-06-30 07964708 core:ShareCapital 2022-06-30 07964708 core:RetainedEarningsAccumulatedLosses 2023-06-30 07964708 core:RetainedEarningsAccumulatedLosses 2022-06-30 07964708 core:FurnitureFittingsToolsEquipment 2022-06-30 07964708 bus:Director1 2021-07-01 2022-06-30 07964708 bus:SmallEntities 2022-07-01 2023-06-30 07964708 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07964708 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 07964708 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07964708 bus:FullAccounts 2022-07-01 2023-06-30
Company registration number: 07964708
Church House Associates Limited
Unaudited filleted financial statements
30 June 2023
Church House Associates Limited
Contents
Statement of financial position
Notes to the financial statements
Church House Associates Limited
Statement of financial position
30 June 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 685 430
_______ _______
685 430
Current assets
Debtors 6 7,650 7,148
Cash at bank and in hand 86,152 80,169
_______ _______
93,802 87,317
Creditors: amounts falling due
within one year 7 ( 14,326) ( 11,283)
_______ _______
Net current assets 79,476 76,034
_______ _______
Total assets less current liabilities 80,161 76,464
Provisions for liabilities ( 172) ( 82)
_______ _______
Net assets 79,989 76,382
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 79,889 76,282
_______ _______
Shareholder funds 79,989 76,382
_______ _______
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 February 2024 , and are signed on behalf of the board by:
Mr Andrew Maynard
Director
Company registration number: 07964708
Church House Associates Limited
Notes to the financial statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in UK. The address of the registered office is Church House, Church Path, Ipplepen, Newton Abbot, Devon, TQ12 5RZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods and the provision of services is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods or the provision of the services); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 July 2022 1,484 1,484
Additions 519 519
Disposals ( 405) ( 405)
_______ _______
At 30 June 2023 1,598 1,598
_______ _______
Depreciation
At 1 July 2022 1,054 1,054
Charge for the year 172 172
Disposals ( 313) ( 313)
_______ _______
At 30 June 2023 913 913
_______ _______
Carrying amount
At 30 June 2023 685 685
_______ _______
At 30 June 2022 430 430
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors 7,650 7,148
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Social security and other taxes 12,886 9,843
Other creditors 1,440 1,440
_______ _______
14,326 11,283
_______ _______
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing (to)/from
£ £ £ £
Director - - - -
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing (to)/from
£ £ £ £
Director - ( 30,000) 30,000 -
_______ _______ _______ _______
The above advances were subject to interest at a commercial rate and were repayable on demand.