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Registration number: 14118834

Tiny Home Retreats Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Tiny Home Retreats Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Tiny Home Retreats Limited

Company Information

Directors

Benjamin Carne

Claire Louise Dale

Registered office

19 Vinery Meadows
Penryn
TR10 8FJ

Accountants

Julia Evans Accountants Ltd
79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

 

Tiny Home Retreats Limited

(Registration number: 14118834)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

25,312

25,078

Current assets

 

Cash at bank and in hand

 

7,967

-

Creditors: Amounts falling due within one year

5

(32,703)

(30,538)

Net current liabilities

 

(24,736)

(30,538)

Total assets less current liabilities

 

576

(5,460)

Provisions for liabilities

(154)

(110)

Net assets/(liabilities)

 

422

(5,570)

Capital and reserves

 

Called up share capital

200

200

Retained earnings

222

(5,770)

Shareholders' funds/(deficit)

 

422

(5,570)

For the financial 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 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Tiny Home Retreats Limited

(Registration number: 14118834)
Balance Sheet as at 31 May 2024

Approved and authorised by the Board on 21 November 2024 and signed on its behalf by:
 

.........................................
Benjamin Carne
Director

.........................................
Claire Louise Dale
Director

 

Tiny Home Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

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

The address of its registered office is:
19 Vinery Meadows
Penryn
TR10 8FJ

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis and assume the continued support of the directors.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

 

Tiny Home Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

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

Fixtures and fittings

25% reducing balance

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

24,500

770

25,270

Additions

-

505

505

At 31 May 2024

24,500

1,275

25,775

Depreciation

At 1 June 2023

-

192

192

Charge for the year

-

271

271

At 31 May 2024

-

463

463

Carrying amount

At 31 May 2024

24,500

812

25,312

At 31 May 2023

24,500

578

25,078

Included within the net book value of land and buildings above is £24,500 (2023 - £24,500) in respect of freehold land and buildings.
 

 

Tiny Home Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

88

-

Accruals and deferred income

756

600

Other creditors

31,859

29,938

32,703

30,538