0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08682316 2023-05-01 2024-04-30 08682316 2024-04-30 08682316 2023-04-30 08682316 2022-05-01 2023-04-30 08682316 2023-04-30 08682316 2022-04-30 08682316 bus:Director1 2023-05-01 2024-04-30 08682316 core:WithinOneYear 2024-04-30 08682316 core:WithinOneYear 2023-04-30 08682316 core:ShareCapital 2024-04-30 08682316 core:ShareCapital 2023-04-30 08682316 core:RetainedEarningsAccumulatedLosses 2024-04-30 08682316 core:RetainedEarningsAccumulatedLosses 2023-04-30 08682316 bus:SmallEntities 2023-05-01 2024-04-30 08682316 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08682316 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08682316 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08682316 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 08682316
Country Homes (Tangley) Limited
Filleted Unaudited Financial Statements
30 April 2024
Country Homes (Tangley) Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Current assets
Stocks
1,346,096
1,338,527
Debtors
4
685,938
662,085
Cash at bank and in hand
198,527
260,711
------------
------------
2,230,561
2,261,323
Creditors: amounts falling due within one year
5
2,403,418
3,692,976
------------
------------
Net current liabilities
172,857
1,431,653
---------
------------
Total assets less current liabilities
( 172,857)
( 1,431,653)
---------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 172,859)
( 1,431,655)
---------
------------
Shareholders deficit
( 172,857)
( 1,431,653)
---------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 January 2025 , and are signed on behalf of the board by:
B Grove
Director
Company registration number: 08682316
Country Homes (Tangley) Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Counsells Chartered Accountants, 49 Smithbrook Kilns, Cranleigh, Surrey, GU6 8JJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2024
2023
£
£
Other debtors
685,938
662,085
---------
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,370,169
1,371,583
Trade creditors
587,710
579,123
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,274,025
Other creditors
445,539
468,245
------------
------------
2,403,418
3,692,976
------------
------------
6. Related party transactions
The company is a wholly owned subsidiary of Country Homes (Key Site) Limited. B Grove is a director and the only shareholders of that company. Included in other debtors are balances of £681,016 (2023: £621,703) due from companies of which B Grove is a director and a shareholder. Included in other creditors are balances of £358,706 (2023: £344,242) due to companies of which B Grove is a director and shareholder.
7. Controlling party
The company is a wholly owned subsidiary of Country Homes (Key Site) Limited.