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REGISTERED NUMBER: 12376493 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

House Decor Interiors Limited

House Decor Interiors Limited (Registered number: 12376493)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

House Decor Interiors Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: E J Grimshaw
P J Grimshaw





REGISTERED OFFICE: Russell Chambers
61A North Street
Keighley
West Yorkshire
BD21 3DS





REGISTERED NUMBER: 12376493 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

House Decor Interiors Limited (Registered number: 12376493)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 21,128 23,637
Tangible assets 5 98,162 167,330
119,290 190,967

CURRENT ASSETS
Debtors 6 10,833 6,321
Cash at bank and in hand 18,168 56,663
29,001 62,984
CREDITORS
Amounts falling due within one year 7 (323,825 ) (359,159 )
NET CURRENT LIABILITIES (294,824 ) (296,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(175,534

)

(105,208

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (175,535 ) (105,209 )
SHAREHOLDERS' FUNDS (175,534 ) (105,208 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

House Decor Interiors Limited (Registered number: 12376493)

Statement of Financial Position - continued
31 August 2024



The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2024 and were signed on its behalf by:





E J Grimshaw - Director


House Decor Interiors Limited (Registered number: 12376493)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

House Decor Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
This is the company's first year of trade and significant investment has been made in the year. Although the company is reporting an insolvent position the directors are confident that the company will be profit making and confirm that the group will continue to support the company.

Therefore the financial statements have been prepared on a going concern basis.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

House Decor Interiors Limited (Registered number: 12376493)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 25,095
AMORTISATION
At 1 September 2023 1,458
Charge for year 2,509
At 31 August 2024 3,967
NET BOOK VALUE
At 31 August 2024 21,128
At 31 August 2023 23,637

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 205,000 2,505 207,505
DEPRECIATION
At 1 September 2023 39,690 485 40,175
Charge for year 68,333 835 69,168
At 31 August 2024 108,023 1,320 109,343
NET BOOK VALUE
At 31 August 2024 96,977 1,185 98,162
At 31 August 2023 165,310 2,020 167,330

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 10,833 6,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 59,637 73,577
Amounts owed to group undertakings 237,500 257,500
Tax 317 -
Social security and other taxes 1,447 3,150
VAT 12,596 3,610
Other creditors 604 792
Accrued expenses 11,724 20,530
323,825 359,159

House Decor Interiors Limited (Registered number: 12376493)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CONTROLLING PARTY

The ultimate controlling party is Grimshaw Brothers Limited.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
House Decor Interiors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of House Decor Interiors Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of House Decor Interiors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of House Decor Interiors Limited and state those matters that we have agreed to state to the Board of Directors of House Decor Interiors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than House Decor Interiors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that House Decor Interiors Limited 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 loss of House Decor Interiors Limited. You consider that House Decor Interiors Limited 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 House Decor Interiors Limited. 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.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


12 December 2024