Company Registration No. 13038148 (England and Wales)
Garden House Venue Ltd
Unaudited accounts
for the year ended 30 November 2024
Garden House Venue Ltd
Unaudited accounts
Contents
Garden House Venue Ltd
Company Information
for the year ended 30 November 2024
Company Number
13038148 (England and Wales)
Registered Office
58 Blewbury Road Blewbury Road
East Hagbourne
Didcot
OX11 9LG
England
Garden House Venue Ltd
Statement of financial position
as at 30 November 2024
Cash at bank and in hand
10,463
32,217
Creditors: amounts falling due within one year
(12,230)
(12,856)
Net current assets
14,185
26,795
Called up share capital
2
2
Profit and loss account
14,183
26,793
Shareholders' funds
14,185
26,795
For the year ending 30 November 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 her 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 21 January 2025 and were signed on its behalf by
Mrs Trine Jacobs
Director
Company Registration No. 13038148
Garden House Venue Ltd
Notes to the Accounts
for the year ended 30 November 2024
Garden House Venue Ltd is a private company, limited by shares, registered in England and Wales, registration number 13038148. The registered office is 58 Blewbury Road Blewbury Road, East Hagbourne, Didcot, OX11 9LG, England.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Garden House Venue Ltd
Notes to the Accounts
for the year ended 30 November 2024
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
The company meets its day-to-day working capital requirements through its bank facilities and owner funding. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The company therefore continues to adopt the going concern basis in preparing its financial statements
Amounts falling due within one year
Other debtors
11,733
7,260
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
6,281
Loans from directors
51
325
Garden House Venue Ltd
Notes to the Accounts
for the year ended 30 November 2024
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).