REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
MY HOUSE CALOW LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
MY HOUSE CALOW LTD |
MY HOUSE CALOW LTD (REGISTERED NUMBER: 13553132) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31st December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
MY HOUSE CALOW LTD |
COMPANY INFORMATION |
For The Year Ended 31st December 2023 |
Directors: |
Registered office: |
Registered number: |
Accountant: |
102 High Street |
New Whittington |
Chesterfield |
Derbyshire |
S43 2AL |
MY HOUSE CALOW LTD (REGISTERED NUMBER: 13553132) |
STATEMENT OF FINANCIAL POSITION |
31st December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDER DEFICIT | ( |
) | ( |
) |
146,133 | 62,064 |
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. |
MY HOUSE CALOW LTD (REGISTERED NUMBER: 13553132) |
STATEMENT OF FINANCIAL POSITION - continued |
31st December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
MY HOUSE CALOW LTD (REGISTERED NUMBER: 13553132) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31st December 2023 |
1. | STATUTORY INFORMATION |
My House Calow Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
However, the directors have taken the view that some limited information is necessary to assist users of the accounts and this is given in the note 6 to the accounts. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
IT equipment and software | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
MY HOUSE CALOW LTD (REGISTERED NUMBER: 13553132) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31st December 2023 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Going concern |
The accounts have been prepared on the going concern basis. |
These accounts cover a period when residents dropped for a three month period, resulting in a large cut in income and directly caused the loss this year. The directors believe the circumstances are not expected to recur in the future and remain happy to fund the company as required. |
Funding is being provided via Group Companies and the directors thereof. The directors guarantee that they will continue to provide the support, to enable the company to meet liabilities as they fall due, for a period of twelve months from the approval of these accounts. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
IT |
Fixtures | equipment |
Plant and | and | Motor | and |
machinery | fittings | vehicles | software | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st January 2023 |
Additions |
At 31st December 2023 |
DEPRECIATION |
Charge for year |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
MY HOUSE CALOW LTD (REGISTERED NUMBER: 13553132) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31st December 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1st January 2023 |
Additions |
At 31st December 2023 |
DEPRECIATION |
Charge for year |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Hire purchase contracts | 10,418 | - |
MY HOUSE CALOW LTD (REGISTERED NUMBER: 13553132) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31st December 2023 |
9. | RELATED PARTY DISCLOSURES |
My House Calow Ltd is a wholly owned subsidiary of Hassocky Holdings Ltd. |
My House Calow Ltd operates from premises owned by Hassocky Holdings Ltd for which rent of £240,000 (2022- £240,000) was charged in the period. |
My House Calow Ltd is being financially supported by Hassocky Holdings Group companies and the directors of that group. |
The balance owing is shown within creditors - a proportion of which has been categorized as due over 1 year. |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |