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Registered number: 10994872









VILLETI (EMERSON ROAD WEYMOUTH) LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
VILLETI (EMERSON ROAD WEYMOUTH) LTD
REGISTERED NUMBER: 10994872

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
-
126,928

  
-
126,928

Creditors: amounts falling due within one year
 5 
(38,038)
(137,989)

Net current liabilities
  
 
 
(38,038)
 
 
(11,061)

Total assets less current liabilities
  
(38,038)
(11,061)

  

Net liabilities
  
(38,038)
(11,061)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(38,040)
(11,063)

  
(38,038)
(11,061)


Page 1

 
VILLETI (EMERSON ROAD WEYMOUTH) LTD
REGISTERED NUMBER: 10994872
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2024.




................................................
Douglas Haigh
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
VILLETI (EMERSON ROAD WEYMOUTH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Villeti (Emerson Road Weymouth) Ltd is a private company limited by share capital, incorporated in England and Wales. The principal activity throughout the year was that of property developers. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continuing support of the directors, which they have pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
VILLETI (EMERSON ROAD WEYMOUTH) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Stocks

2023
2022
£
£

Work in progress (goods to be sold)
-
126,928

-
126,928



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
35,548
136,849

Accruals and deferred income
2,490
1,140

38,038
137,989



6.


Controlling party

The Company is controlled by Villeti Homes Ltd, who owns 100% of the issued shares and in which Douglas Haigh and Alexander Haigh are directors and shareholders.

 
Page 4