7 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 38,015 38,015 7,603 7,603 30,412 xbrli:pure xbrli:shares iso4217:GBP 13895361 2023-01-01 2023-12-29 13895361 2023-12-29 13895361 2022-12-31 13895361 2022-01-01 2022-12-31 13895361 2022-12-31 13895361 2021-12-31 13895361 core:PlantMachinery 2023-01-01 2023-12-29 13895361 bus:Director1 2023-01-01 2023-12-29 13895361 core:PlantMachinery 2023-12-29 13895361 core:WithinOneYear 2023-12-29 13895361 core:ShareCapital 2023-12-29 13895361 core:ShareCapital 2022-12-31 13895361 core:RetainedEarningsAccumulatedLosses 2023-12-29 13895361 bus:SmallEntities 2023-01-01 2023-12-29 13895361 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-29 13895361 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-29 13895361 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-29 13895361 bus:FullAccounts 2023-01-01 2023-12-29
COMPANY REGISTRATION NUMBER: 13895361
GOVERNORS HOUSE LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
29 December 2023
GOVERNORS HOUSE LTD
STATEMENT OF FINANCIAL POSITION
29 December 2023
29 Dec 23
31 Dec 22
Note
£
£
£
FIXED ASSETS
Tangible assets
5
30,412
CURRENT ASSETS
Stocks
10,000
Debtors
6
21,095
Cash at bank and in hand
26,125
100
--------
----
57,220
100
CREDITORS: amounts falling due within one year
7
109,474
---------
----
NET CURRENT (LIABILITIES)/ASSETS
( 52,254)
100
--------
----
TOTAL ASSETS LESS CURRENT LIABILITIES
( 21,842)
100
--------
----
NET (LIABILITIES)/ASSETS
( 21,842)
100
--------
----
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 21,942)
--------
----
SHAREHOLDERS (DEFICIT)/FUNDS
( 21,842)
100
--------
----
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 comprehensive income has not been delivered.
For the period ending 29 December 2023 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 period 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 .
GOVERNORS HOUSE LTD
STATEMENT OF FINANCIAL POSITION (continued)
29 December 2023
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
Mr J Aspinall
Director
Company registration number: 13895361
GOVERNORS HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2023 TO 29 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Governors House, Ground Floor Crosby Road, Northallerton, North Yorkshire, DL6 1AU.
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.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% reducing balance
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.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 7 (2022: Nil).
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 January 2023
Additions
38,015
--------
At 29 December 2023
38,015
--------
Depreciation
At 1 January 2023
Charge for the period
7,603
--------
At 29 December 2023
7,603
--------
Carrying amount
At 29 December 2023
30,412
--------
At 31 December 2022
--------
6. DEBTORS
29 Dec 23
31 Dec 22
£
£
Trade debtors
5,459
Other debtors
15,636
--------
----
21,095
--------
----
7. CREDITORS: amounts falling due within one year
29 Dec 23
31 Dec 22
£
£
Trade creditors
44,440
Social security and other taxes
14,044
Other creditors
50,990
---------
----
109,474
---------
----