0 01/06/2023 31/05/2024 2024-05-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-06-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10791872 2023-06-01 2024-05-31 10791872 2024-05-31 10791872 2023-05-31 10791872 2022-06-01 2023-05-31 10791872 2023-05-31 10791872 2022-05-31 10791872 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 10791872 bus:RegisteredOffice 2023-06-01 2024-05-31 10791872 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 10791872 bus:Director1 2023-06-01 2024-05-31 10791872 bus:Director2 2023-06-01 2024-05-31 10791872 core:FurnitureFittingsToolsEquipment 2023-05-31 10791872 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 10791872 core:FurnitureFittingsToolsEquipment 2024-05-31 10791872 core:WithinOneYear 2024-05-31 10791872 core:WithinOneYear 2023-05-31 10791872 core:AfterOneYear 2024-05-31 10791872 core:AfterOneYear 2023-05-31 10791872 core:ShareCapital 2024-05-31 10791872 core:ShareCapital 2023-05-31 10791872 core:RetainedEarningsAccumulatedLosses 2024-05-31 10791872 core:RetainedEarningsAccumulatedLosses 2023-05-31 10791872 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 10791872 core:FurnitureFittingsToolsEquipment 2023-05-31 10791872 bus:SmallEntities 2023-06-01 2024-05-31 10791872 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10791872 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10791872 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10791872 bus:FullAccounts 2023-06-01 2024-05-31
Company registration number: 10791872
Cloud House Homes Ltd
Unaudited filleted financial statements
31 May 2024
Cloud House Homes Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Cloud House Homes Ltd
Directors and other information
Directors Mr S McLeod
Mr R Woodhouse
Company number 10791872
Registered office Exchange Building
66 Church Street
Hartlepool
TS24 7DN
Accountants Censis
Exchange Building
66 Church Street
Hartlepool
TS24 7DN
Cloud House Homes Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Cloud House Homes Ltd
Year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cloud House Homes Ltd for the year ended 31 May 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Cloud House Homes Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Cloud House Homes Ltd and state those matters that we have agreed to state to the board of directors of Cloud House Homes Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cloud House Homes Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Cloud House Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cloud House Homes Ltd. You consider that Cloud House Homes Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Cloud House Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Censis
Chartered Accountants
Exchange Building
66 Church Street
Hartlepool
TS24 7DN
19 September 2024
Cloud House Homes Ltd
Statement of financial position
31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 169,871 170,065
_______ _______
169,871 170,065
Current assets
Debtors 5 29,500 -
Cash at bank and in hand 2,200 425
_______ _______
31,700 425
Creditors: amounts falling due
within one year 6 ( 71,677) ( 72,639)
_______ _______
Net current liabilities ( 39,977) ( 72,214)
_______ _______
Total assets less current liabilities 129,894 97,851
Creditors: amounts falling due
after more than one year 7 ( 116,628) ( 87,515)
_______ _______
Net assets 13,266 10,336
_______ _______
Capital and reserves
Called up share capital 20 20
Profit and loss account 13,246 10,316
_______ _______
Shareholders funds 13,266 10,336
_______ _______
For the year ending 31 May 2024 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
Mr S McLeod
Director
Company registration number: 10791872
Cloud House Homes Ltd
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Exchange Building, 66 Church Street, Hartlepool, TS24 7DN.
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 is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); 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:
Fittings fixtures and equipment - 25 % straight line
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.
4. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 June 2023 and 31 May 2024 169,338 969 170,307
_______ _______ _______
Depreciation
At 1 June 2023 - 242 242
Charge for the year - 194 194
_______ _______ _______
At 31 May 2024 - 436 436
_______ _______ _______
Carrying amount
At 31 May 2024 169,338 533 169,871
_______ _______ _______
At 31 May 2023 169,338 727 170,065
_______ _______ _______
5. Debtors
2024 2023
£ £
Other debtors 29,500 -
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 7,161 8,414
Corporation tax 654 2,454
Other creditors 63,862 61,771
_______ _______
71,677 72,639
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 116,628 87,515
_______ _______
8. Controlling party
For the whole year the company was under the control of the directors.