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REGISTERED NUMBER: 05986791 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Executive Country Homes Limited

Executive Country Homes Limited (Registered number: 05986791)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Executive Country Homes Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: S Roberts





SECRETARY: Mrs J Connolly





REGISTERED OFFICE: Highclere Lodge
Low Fallowfield Farm
South Hetton
Durham
DH6 2TA





REGISTERED NUMBER: 05986791 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Executive Country Homes Limited (Registered number: 05986791)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304,885 306,589

CURRENT ASSETS
Stocks - 182,382
Debtors 5 - 3,065
Cash at bank 112,844 2,903
112,844 188,350
CREDITORS
Amounts falling due within one year 6 428,006 466,184
NET CURRENT LIABILITIES (315,162 ) (277,834 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,277

)

28,755

CREDITORS
Amounts falling due after more than one
year

7

67,534

76,869
NET LIABILITIES (77,811 ) (48,114 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (77,821 ) (48,124 )
SHAREHOLDERS' FUNDS (77,811 ) (48,114 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Executive Country Homes Limited (Registered number: 05986791)

Statement of Financial Position - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





S Roberts - Director


Executive Country Homes Limited (Registered number: 05986791)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Executive Country 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence in the foreseeable future, which the directors consider to be appropriate.

Turnover
Turnover represents rent receivable, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Stocks
Work in progress is valued at the lower of costs and net realisable value.

Work in progress relates to properties under development.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

Executive Country Homes Limited (Registered number: 05986791)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023
and 31 December 2023 320,373
DEPRECIATION
At 1 January 2023 13,784
Charge for year 1,704
At 31 December 2023 15,488
NET BOOK VALUE
At 31 December 2023 304,885
At 31 December 2022 306,589

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 3,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,416 10,779
Amounts owed to participating interests 386,030 390,230
Taxation and social security - 84
Other creditors 31,560 65,091
428,006 466,184

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 67,534 76,869

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 77,950 87,648

Bank loans are secured by a fixed and floating charge over the company's assets.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S Roberts.