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REGISTERED NUMBER: 14892151 (England and Wales)














Unaudited Financial Statements

for the Period 24 May 2023 to 31 March 2024

for

Villafont (Herne Bay) Limited

Villafont (Herne Bay) Limited (Registered number: 14892151)






Contents of the Financial Statements
for the Period 24 May 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Villafont (Herne Bay) Limited

Company Information
for the Period 24 May 2023 to 31 March 2024







DIRECTORS: D J P McGoff
C A McGoff





REGISTERED OFFICE: 1 St. Georges Court
Altrincham Business Park
Altrincham
United Kingdom
WA14 5UA





REGISTERED NUMBER: 14892151 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Villafont (Herne Bay) Limited (Registered number: 14892151)

Balance Sheet
31 March 2024

Notes £   
CURRENT ASSETS
Stocks 3,893,816
Debtors 4 361,854
Cash at bank 264,409
4,520,079
CREDITORS
Amounts falling due within one year 5 155,078
NET CURRENT ASSETS 4,365,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,365,001

CREDITORS
Amounts falling due after more than one year 6 4,366,801
NET LIABILITIES (1,800 )

CAPITAL AND RESERVES
Called up share capital 200
Retained earnings (2,000 )
(1,800 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Villafont (Herne Bay) Limited (Registered number: 14892151)

Balance Sheet - continued
31 March 2024


The 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, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





C A McGoff - Director


Villafont (Herne Bay) Limited (Registered number: 14892151)

Notes to the Financial Statements
for the Period 24 May 2023 to 31 March 2024

1. STATUTORY INFORMATION

Villafont (Herne Bay) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Stocks & work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value. Cost comprises land and associated acquisition costs, direct materials and subcontract work, other direct costs and those overheads (based on normal operating capacity) that have been incurred in bringing the stocks to their present location and condition, including borrowing costs.

This net realisable value provision will be closely monitored for adequacy and appropriateness as regards under and over provision to reflect circumstances at future balance sheet dates. Any material change to the underlying provision will be reflected through cost of sales as an exceptional item.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Going concern
The company's financial statements for the period ended 31 March 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Villafont (Herne Bay) Limited (Registered number: 14892151)

Notes to the Financial Statements - continued
for the Period 24 May 2023 to 31 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by participating interests 334,167
Other debtors 27,687
361,854

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 153,078
Other creditors 2,000
155,078

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 4,366,801

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 2,240,236

8. RELATED PARTY DISCLOSURES

At 31 March 2024, a balance of £334,167 was owed by an other related party. No interest is chargeable and the balance is repayable on demand.

During the period, the company was charged £165,000 for services provided by other related parties.

During the period, the company was charged £584,029 for services provided by a company in which the directors of the company, have a material interest. At 31 March 2024, there was £116,155 owed to this company.

At 31 March 2024, others creditors included £2,126,565 in respect of shareholder equity loans. No interest is chargeable and the loans are long term.

9. ULTIMATE CONTROLLING PARTY

There is no controlling party.