2023-01-012023-12-312023-12-31false13064664THE HOUSE FOLK LIMITED2024-08-1568209iso4217:GBPxbrli:pure130646642023-01-01130646642023-12-31130646642023-01-012023-12-31130646642022-01-01130646642022-12-31130646642022-01-012022-12-3113064664bus:SmallEntities2023-01-012023-12-3113064664bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3113064664bus:FullAccounts2023-01-012023-12-3113064664bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113064664core:WithinOneYear2023-12-3113064664core:AfterOneYear2023-12-3113064664core:WithinOneYear2022-12-3113064664core:AfterOneYear2022-12-3113064664core:ShareCapital2023-12-3113064664core:SharePremium2023-12-3113064664core:RevaluationReserve2023-12-3113064664core:OtherReservesSubtotal2023-12-3113064664core:RetainedEarningsAccumulatedLosses2023-12-3113064664core:ShareCapital2022-12-3113064664core:SharePremium2022-12-3113064664core:RevaluationReserve2022-12-3113064664core:OtherReservesSubtotal2022-12-3113064664core:RetainedEarningsAccumulatedLosses2022-12-3113064664core:LandBuildings2023-12-3113064664core:PlantMachinery2023-12-3113064664core:Vehicles2023-12-3113064664core:FurnitureFittings2023-12-3113064664core:OfficeEquipment2023-12-3113064664core:NetGoodwill2023-12-3113064664core:IntangibleAssetsOtherThanGoodwill2023-12-3113064664core:ListedExchangeTraded2023-12-3113064664core:UnlistedNon-exchangeTraded2023-12-3113064664core:LandBuildings2022-12-3113064664core:PlantMachinery2022-12-3113064664core:Vehicles2022-12-3113064664core:FurnitureFittings2022-12-3113064664core:OfficeEquipment2022-12-3113064664core:NetGoodwill2022-12-3113064664core:IntangibleAssetsOtherThanGoodwill2022-12-3113064664core:ListedExchangeTraded2022-12-3113064664core:UnlistedNon-exchangeTraded2022-12-3113064664core:LandBuildings2023-01-012023-12-3113064664core:PlantMachinery2023-01-012023-12-3113064664core:Vehicles2023-01-012023-12-3113064664core:FurnitureFittings2023-01-012023-12-3113064664core:OfficeEquipment2023-01-012023-12-3113064664core:NetGoodwill2023-01-012023-12-3113064664core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113064664core:ListedExchangeTraded2023-01-012023-12-3113064664core:UnlistedNon-exchangeTraded2023-01-012023-12-3113064664core:MoreThanFiveYears2023-01-012023-12-3113064664core:Non-currentFinancialInstruments2023-12-3113064664core:Non-currentFinancialInstruments2022-12-3113064664dpl:CostSales2023-01-012023-12-3113064664dpl:DistributionCosts2023-01-012023-12-3113064664core:LandBuildings2023-01-012023-12-3113064664core:PlantMachinery2023-01-012023-12-3113064664core:Vehicles2023-01-012023-12-3113064664core:FurnitureFittings2023-01-012023-12-3113064664core:OfficeEquipment2023-01-012023-12-3113064664dpl:AdministrativeExpenses2023-01-012023-12-3113064664core:NetGoodwill2023-01-012023-12-3113064664core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113064664dpl:GroupUndertakings2023-01-012023-12-3113064664dpl:ParticipatingInterests2023-01-012023-12-3113064664dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113064664core:ListedExchangeTraded2023-01-012023-12-3113064664dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113064664core:UnlistedNon-exchangeTraded2023-01-012023-12-3113064664dpl:CostSales2022-01-012022-12-3113064664dpl:DistributionCosts2022-01-012022-12-3113064664core:LandBuildings2022-01-012022-12-3113064664core:PlantMachinery2022-01-012022-12-3113064664core:Vehicles2022-01-012022-12-3113064664core:FurnitureFittings2022-01-012022-12-3113064664core:OfficeEquipment2022-01-012022-12-3113064664dpl:AdministrativeExpenses2022-01-012022-12-3113064664core:NetGoodwill2022-01-012022-12-3113064664core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3113064664dpl:GroupUndertakings2022-01-012022-12-3113064664dpl:ParticipatingInterests2022-01-012022-12-3113064664dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3113064664core:ListedExchangeTraded2022-01-012022-12-3113064664dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3113064664core:UnlistedNon-exchangeTraded2022-01-012022-12-3113064664core:NetGoodwill2023-12-3113064664core:IntangibleAssetsOtherThanGoodwill2023-12-3113064664core:LandBuildings2023-12-3113064664core:PlantMachinery2023-12-3113064664core:Vehicles2023-12-3113064664core:FurnitureFittings2023-12-3113064664core:OfficeEquipment2023-12-3113064664core:AfterOneYear2023-12-3113064664core:WithinOneYear2023-12-3113064664core:ListedExchangeTraded2023-12-3113064664core:UnlistedNon-exchangeTraded2023-12-3113064664core:ShareCapital2023-12-3113064664core:SharePremium2023-12-3113064664core:RevaluationReserve2023-12-3113064664core:OtherReservesSubtotal2023-12-3113064664core:RetainedEarningsAccumulatedLosses2023-12-3113064664core:NetGoodwill2022-12-3113064664core:IntangibleAssetsOtherThanGoodwill2022-12-3113064664core:LandBuildings2022-12-3113064664core:PlantMachinery2022-12-3113064664core:Vehicles2022-12-3113064664core:FurnitureFittings2022-12-3113064664core:OfficeEquipment2022-12-3113064664core:AfterOneYear2022-12-3113064664core:WithinOneYear2022-12-3113064664core:Liste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THE HOUSE FOLK LIMITED

Registered Number
13064664
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

THE HOUSE FOLK LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Bruce Marshall
Naomi Marshall

Registered Address

179 Park Lane
Poynton
SK12 1RH

Registered Number

13064664 (England and Wales)
THE HOUSE FOLK LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,1932,868
Investment property4454,780454,780
456,973457,648
Current assets
Debtors511,475-
Cash at bank and on hand42,86658,839
54,34158,839
Creditors amounts falling due within one year6(168,157)(167,754)
Net current assets (liabilities)(113,816)(108,915)
Total assets less current liabilities343,157348,733
Creditors amounts falling due after one year7(375,176)(375,176)
Net assets(32,019)(26,443)
Capital and reserves
Called up share capital100100
Profit and loss account(32,119)(26,543)
Shareholders' funds(32,019)(26,443)
The financial statements were approved and authorised for issue by the Board of Directors on 15 August 2024, and are signed on its behalf by:
Naomi Marshall
Director
Registered Company No. 13064664
THE HOUSE FOLK LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The company meets day to day working capital requirements from the directors. The directors have undertaken an assessment of whether the company was a going concern when the accounts were prepared, considering all available information about the future, covering a period of 12 months from the date of approval of the accounts. Funds to meet the cashflow requirements are in place and the directors do not anticipate any material overspend. The directors are therefore satisfied that the going concern assumption remains appropriate.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
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.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings5
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in the fair value are recognised in profit or loss.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 January 233,3743,374
At 31 December 233,3743,374
Depreciation and impairment
At 01 January 23506506
Charge for year675675
At 31 December 231,1811,181
Net book value
At 31 December 232,1932,193
At 31 December 222,8682,868
4.Investment property

£
Fair value at 01 January 23454,780
At 31 December 23454,780
5.Debtors: amounts due within one year

2023

2022

££
Prepayments and accrued income11,475-
Total11,475-
Short term trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2023

2022

££
Other creditors168,157167,754
Total168,157167,754
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.
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts277,808277,808
Other creditors97,36897,368
Total375,176375,176
8.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.