Decourcy House Ltd 12016394 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Property development Digita Accounts Production Advanced 6.30.9574.0 true 12016394 2022-08-01 2023-07-31 12016394 2023-07-31 12016394 core:CurrentFinancialInstruments 2023-07-31 12016394 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12016394 core:OfficeEquipment 2023-07-31 12016394 bus:SmallEntities 2022-08-01 2023-07-31 12016394 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12016394 bus:FullAccounts 2022-08-01 2023-07-31 12016394 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12016394 bus:RegisteredOffice 2022-08-01 2023-07-31 12016394 bus:CompanySecretaryDirector1 2022-08-01 2023-07-31 12016394 bus:Director2 2022-08-01 2023-07-31 12016394 bus:Director3 2022-08-01 2023-07-31 12016394 bus:Director4 2022-08-01 2023-07-31 12016394 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12016394 core:OfficeEquipment 2022-08-01 2023-07-31 12016394 countries:AllCountries 2022-08-01 2023-07-31 12016394 2022-07-31 12016394 core:OfficeEquipment 2022-07-31 12016394 2021-08-01 2022-07-31 12016394 2022-07-31 12016394 core:CurrentFinancialInstruments 2022-07-31 12016394 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 12016394 core:OfficeEquipment 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12016394

Decourcy House Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

Decourcy House Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Decourcy House Ltd

Company Information

Directors

Mr Timothy James Buxton

Mr Alexander Benjamin Rudolf Shaw

Mr Richard Anthony Buxton

Mrs Anna-Louise Buxton

Company secretary

Mr Timothy James Buxton

Registered office

Trusloe Farmhouse Frog Lane
Avebury Trusloe
Marlborough
SN8 1QS

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Decourcy House Ltd

(Registration number: 12016394)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

         

Fixed assets

   

Tangible assets

4

 

1,804

2,406

Current assets

   

Stocks

5

83,304

 

53,634

Debtors

6

482,699

 

212,828

Cash at bank and in hand

 

1,618

 

484,840

 

567,621

 

751,302

Creditors: Amounts falling due within one year

7

(346,596)

 

(348,170)

Net current assets

   

221,025

403,132

Total assets less current liabilities

   

222,829

405,538

Provisions for liabilities

 

(343)

(457)

Net assets

   

222,486

405,081

Capital and reserves

   

Called up share capital

3

 

3

Profit and loss account

222,483

 

405,078

Total equity

   

222,486

405,081

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 March 2024 and signed on its behalf by:
 

 

Decourcy House Ltd

(Registration number: 12016394)
Balance Sheet as at 31 July 2023

.........................................

Mr Timothy James Buxton
Company secretary and director

 

Decourcy House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England ans Wales.

The address of its registered office is:
Trusloe Farmhouse Frog Lane
Avebury Trusloe
Marlborough
SN8 1QS

These financial statements were authorised for issue by the Board on 1 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Decourcy House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Decourcy House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 6).

 

Decourcy House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 August 2022

3,727

3,727

At 31 July 2023

3,727

3,727

Depreciation

At 1 August 2022

1,321

1,321

Charge for the year

602

602

At 31 July 2023

1,923

1,923

Carrying amount

At 31 July 2023

1,804

1,804

At 31 July 2022

2,406

2,406

5

Stocks

2023
£

2022
£

Work in progress

83,304

53,634

6

Debtors

2023
£

2022
£

Prepayments

-

1,292

Other debtors

482,699

211,536

482,699

212,828

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,023

787

Taxation and social security

1

28,061

Accruals and deferred income

2,400

3,133

Other creditors

343,172

316,189

346,596

348,170

 

Decourcy House Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

8

Related party transactions

At the period end the company owed the directors a total of £341,328 (2022: £304,968) . The loans are repayable on demand and no interest has been charged.

At the period end the company was owed £100,000 from Solid State (Easton) Limted (2022: £100,000). Timothy Buxton is a Director and shareholder of Solid State (Easton) Limited.

At the period end the company was owed £1,381 from Templerock NBH Limited (2022: £1,381), which is a company owned 100% by Solid State (Easton) Limited.

At the period end the company was owed £103,100 from Peanut Construction Limited (2022: £100,726). Alexander Shaw is a Director and shareholder of Peanut Construction Limited.

At the period end the company was owed £264,200 from Burwell AL Limted (2022: nil). The directors and shareholders of Decourcy House Limited are also directors and majority shareholders of Burwell AL Limited.

All of the above loans are repayable on demand and no interest has been charged.