Company registration number 01633206 (England and Wales)
FURZE HILL HOUSE (HOVE) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
23 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
FURZE HILL HOUSE (HOVE) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 5
FURZE HILL HOUSE (HOVE) LIMITED
COMPANY INFORMATION
- 1 -
Directors
Ms V Fahmy
Miss J L McGorrigan
Mr P D Beadle
E L Winchester
C Jones
Mr B I Amos
(Appointed 23 March 2024)
Secretary
Mr P D Beadle
Company number
01633206
Registered office
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Auditor
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
FURZE HILL HOUSE (HOVE) LIMITED
BALANCE SHEET
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
22,892
28,969
Cash at bank and in hand
190,343
147,896
213,235
176,865
Creditors: amounts falling due within one year
4
(76,876)
(66,839)
Net current assets
136,359
110,026
Reserves
Income and expenditure account
136,359
110,026
Members' funds
136,359
110,026
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 14 December 2024 and are signed on its behalf by:
Mr P D Beadle
Director
Company registration number 01633206 (England and Wales)
FURZE HILL HOUSE (HOVE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 JUNE 2024
- 3 -
1
Accounting policies
Company information
Furze Hill House (Hove) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Courtyard, Shoreham Road, Upper Beeding, Steyning, West Sussex, BN44 3TN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Income predominantly consists of service charge income which is received half yearly in advance. Service charge income is recognised on an accruals basis over the period to which it relates and is recognised inclusive of VAT on account of the fact that the company is not VAT registered.
Expenses include VAT where applicable as the company cannot reclaim it.
1.3
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
FURZE HILL HOUSE (HOVE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 JUNE 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
5
5
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Service charges due
19,661
13,173
Prepayments including insurance
3,231
15,796
22,892
28,969
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,538
725
Accruals and deferred income
75,338
66,114
76,876
66,839
5
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
6
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
FURZE HILL HOUSE (HOVE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 23 JUNE 2024
6
Audit report information
(Continued)
- 5 -
Senior Statutory Auditor:
Chris Checkley FCCA
Statutory Auditor:
TC Group
Date of audit report:
7 January 2025