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REGISTERED NUMBER: 07510454 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ancestor Homes Limited

Ancestor Homes Limited (Registered number: 07510454)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ancestor Homes Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P Ballard
S J Gibbins





REGISTERED OFFICE: 45/51, Wychtree Street
Morriston
Swansea
West Glamorgan
SA6 8EX





REGISTERED NUMBER: 07510454 (England and Wales)





ACCOUNTANTS: Cambrian & Co Ltd
13A Victoria Gardens
Neath
West Glamorgan
SA11 3AY

Ancestor Homes Limited (Registered number: 07510454)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Debtors 5 2,552 -
Cash at bank 77 98
2,629 98
CREDITORS
Amounts falling due within one year 6 814 27,127
NET CURRENT ASSETS/(LIABILITIES) 1,815 (27,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,815

(27,029

)

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 1,765 (27,079 )
1,815 (27,029 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 5 January 2024 and were signed on its behalf by:



P Ballard - Director


Ancestor Homes Limited (Registered number: 07510454)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Ancestor Homes 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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 2 (2022 - 2 ) .

Ancestor Homes Limited (Registered number: 07510454)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 16,566
DEPRECIATION
At 1 November 2022
and 31 October 2023 16,566
NET BOOK VALUE
At 31 October 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts due from related
companies 2,552 -
2,552 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 414 -
Amounts due to related
companies - 26,749
Accrued expenses 400 378
814 27,127

7. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £2,552 (2022 £26,749 Creditor) due from associated company Tapestart Ltd. Tapestart Ltd acts as a clearing house for intercompany transactions between associated companies under common control.

8. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate controlling party to be the W Ballard Discretionary Trust.