Company Registration No. 06541452 (England and Wales)
Treharne Homes Ltd.
Unaudited accounts
for the year ended 31 March 2024
Treharne Homes Ltd.
Unaudited accounts
Contents
Treharne Homes Ltd.
Company Information
for the year ended 31 March 2024
Company Number
06541452 (England and Wales)
Registered Office
Penrock Cottage
Penrock Cottage
Llandeilo
SA19 6RU
Accountants
Rhian Davies FCA
RM Accountants
7 Yr Hen Farchnad
Llandeilo
SA19 6BJ
Treharne Homes Ltd.
Statement of financial position
as at 31 March 2024
Tangible assets
103,280
127,209
Investments
420,000
420,000
Cash at bank and in hand
24,891
46,359
Creditors: amounts falling due within one year
(152,185)
(124,689)
Net current liabilities
(30,740)
(8,223)
Total assets less current liabilities
492,540
538,986
Creditors: amounts falling due after more than one year
(270,152)
(280,054)
Net assets
222,388
258,932
Called up share capital
3
3
Profit and loss account
222,385
258,929
Shareholders' funds
222,388
258,932
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2024 and were signed on its behalf by
Mr D W Treharne
Director
Company Registration No. 06541452
Treharne Homes Ltd.
Notes to the Accounts
for the year ended 31 March 2024
Treharne Homes Ltd. is a private company, limited by shares, registered in England and Wales, registration number 06541452. The registered office is Penrock Cottage, Penrock Cottage, Llandeilo, SA19 6RU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Treharne Homes Ltd.
Notes to the Accounts
for the year ended 31 March 2024
The financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
258,552
17,828
8,096
284,476
Additions
1,680
-
211
1,891
At 31 March 2024
260,232
17,828
8,307
286,367
At 1 April 2023
135,452
17,828
3,987
157,267
Charge for the year
24,956
-
864
25,820
At 31 March 2024
160,408
17,828
4,851
183,087
At 31 March 2024
99,824
-
3,456
103,280
At 31 March 2023
123,100
-
4,109
127,209
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
420,000
Valuation at 31 March 2024
420,000
Amounts falling due within one year
Trade debtors
86,145
21,679
Other debtors
4,629
16,710
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,855
7,948
Obligations under finance leases and hire purchase contracts
6,600
9,000
Trade creditors
44,155
42,473
Taxes and social security
24,005
55,536
Other creditors
68,209
4,121
Treharne Homes Ltd.
Notes to the Accounts
for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
262,647
263,949
Obligations under finance leases and hire purchase contracts
7,505
16,105
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).