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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
Page
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Treharne Homes Ltd. Company Information for the year ended 31 March 2024
Director
Mr D W Treharne
Secretary
Mr D T Stephens
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
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Treharne Homes Ltd. Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
103,280 
127,209 
Investments
420,000 
420,000 
523,280 
547,209 
Current assets
Inventories
5,780 
31,718 
Debtors
90,774 
38,389 
Cash at bank and in hand
24,891 
46,359 
121,445 
116,466 
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 
Capital and reserves
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
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Treharne Homes Ltd. Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Leased assets
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.
Pension costs
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.
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Treharne Homes Ltd. Notes to the Accounts for the year ended 31 March 2024
Going concern
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
86,145 
21,679 
Other debtors
4,629 
16,710 
90,774 
38,389 
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 
Accruals
6,361 
5,611 
152,185 
124,689 
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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 
270,152 
280,054 
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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