Registered number
08781200
NEW FOREST HOUSES LIMITED
Filleted Accounts
31 March 2024
NEW FOREST HOUSES LIMITED
Registered number: 08781200
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 14,040 23,857
Cash at bank and in hand - 510
14,040 24,367
Creditors: amounts falling due within one year 5 (18,427) (24,252)
Net current (liabilities)/assets (4,387) 115
Net (liabilities)/assets (4,387) 115
Capital and reserves
Called up share capital 1,000 1,000
Share premium 16,628 16,628
Profit and loss account (22,015) (17,513)
Shareholders' funds (4,387) 115
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D.G. Williams
Director
Approved by the board on 7 February 2025
NEW FOREST HOUSES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Going concern
At the time of approving the financial statements, the directors have assessed the working capital needs of the company and concluded it has adequate resources to continue in operational existence for the foreseeable future and will be able to meet all liabilities as they fall due. The directors have agreed to continue to support the company by providing loans as required. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 27,628
Disposals (27,628)
At 31 March 2024 -
Amortisation
At 1 April 2023 27,628
On disposals (27,628)
At 31 March 2024 -
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Debtors 2024 2023
£ £
Directors loan account 14,040 23,857
5 Creditors: amounts falling due within one year 2024 2023
£ £
Loans and overdrafts 18,227 20,820
Corporation Tax - 2,232
Taxation and social security costs - -
Other creditors 200 1,200
18,427 24,252
6 Director's transactions 2024
£
Brought forward balance 23,857
Repaid (20,988)
Advanced 11,171
14,040
7 Other information
NEW FOREST HOUSES LIMITED is a private company limited by shares and incorporated in England.
31 Scott Avenue
EX39 1RQ
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