THE HOUSE COMPANY (UK) LTD

Company Registration Number:
06147667 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

THE HOUSE COMPANY (UK) LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

THE HOUSE COMPANY (UK) LTD

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 13,605 10,937
Total fixed assets: 13,605 10,937
Current assets
Stocks: 27,455 15,758
Debtors: 4 5,589 5,590
Cash at bank and in hand: 7,699 6,809
Total current assets: 40,743 28,157
Creditors: amounts falling due within one year: 5 (29,217) (29,547)
Net current assets (liabilities): 11,526 (1,390)
Total assets less current liabilities: 25,131 9,547
Creditors: amounts falling due after more than one year: 6 (3,667) (6,721)
Provision for liabilities: (2,287) 0
Total net assets (liabilities): 19,177 2,826
Capital and reserves
Called up share capital: 22 22
Share premium account: 9,978 9,978
Profit and loss account: 9,177 (7,174)
Shareholders funds: 19,177 2,826

The notes form part of these financial statements

THE HOUSE COMPANY (UK) LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 November 2024
and signed on behalf of the board by:

Name: T D NEWSON
Status: Director

The notes form part of these financial statements

THE HOUSE COMPANY (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts, as adjusted to the fair value of the consideration received or receivable at the balance sheet date.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset held by the Company for its own use, over its estimated useful life. The annual depreciation rates and methods are as follows:- Fixtures and Fittings - 25% reducing balance basis Equipment - 25% reducing balance basis Books and Patterns - 20% equal instalments basis

Valuation and information policy

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

Debtors and Creditors Receivable/Payable Within One Year: Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Taxation: Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Loans: Loans and other financing arrangements are initially recognised at the transaction price including any associated costs. Interest is charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

THE HOUSE COMPANY (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

THE HOUSE COMPANY (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 25,379
Additions 7,059
Disposals (1,211)
At 30 April 2024 31,227
Depreciation
At 01 May 2023 14,442
Charge for year 4,391
On disposals (1,211)
At 30 April 2024 17,622
Net book value
At 30 April 2024 13,605
At 30 April 2023 10,937

THE HOUSE COMPANY (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 3,000 3,000

THE HOUSE COMPANY (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

There are no secured creditors.

THE HOUSE COMPANY (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due after more than one year note

There are no secured creditors.

THE HOUSE COMPANY (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Financial commitments

The Company has entered into a formal agreement for the rent of its business premises. There is a non cancellable operating lease as follows: Within one year: £15,000 (2023: £15,000 ) Within two to five years: £33,750 (2023: £48,750)