Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Dr A Hibbert 14/10/2016 Mr S Shaw 14/10/2016 31 March 2025 The principal activity of the Company during the financial year was that of property development. 10429670 2024-10-31 10429670 bus:Director1 2024-10-31 10429670 bus:Director2 2024-10-31 10429670 2023-10-31 10429670 core:CurrentFinancialInstruments 2024-10-31 10429670 core:CurrentFinancialInstruments 2023-10-31 10429670 core:Non-currentFinancialInstruments 2024-10-31 10429670 core:Non-currentFinancialInstruments 2023-10-31 10429670 core:ShareCapital 2024-10-31 10429670 core:ShareCapital 2023-10-31 10429670 core:RetainedEarningsAccumulatedLosses 2024-10-31 10429670 core:RetainedEarningsAccumulatedLosses 2023-10-31 10429670 core:PlantMachinery 2023-10-31 10429670 core:OfficeEquipment 2023-10-31 10429670 core:PlantMachinery 2024-10-31 10429670 core:OfficeEquipment 2024-10-31 10429670 bus:OrdinaryShareClass1 2024-10-31 10429670 bus:OrdinaryShareClass2 2024-10-31 10429670 2023-11-01 2024-10-31 10429670 bus:FilletedAccounts 2023-11-01 2024-10-31 10429670 bus:SmallEntities 2023-11-01 2024-10-31 10429670 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10429670 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10429670 bus:Director1 2023-11-01 2024-10-31 10429670 bus:Director2 2023-11-01 2024-10-31 10429670 core:PlantMachinery core:TopRangeValue 2023-11-01 2024-10-31 10429670 core:OfficeEquipment core:TopRangeValue 2023-11-01 2024-10-31 10429670 2022-11-01 2023-10-31 10429670 core:PlantMachinery 2023-11-01 2024-10-31 10429670 core:OfficeEquipment 2023-11-01 2024-10-31 10429670 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 10429670 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 10429670 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 10429670 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 10429670 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10429670 (England and Wales)

TREE HOUSE HOMES LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

TREE HOUSE HOMES LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

TREE HOUSE HOMES LIMITED

BALANCE SHEET

As at 31 October 2024
TREE HOUSE HOMES LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 4 165 711
165 711
Current assets
Stocks 426,778 315,481
Debtors 5 5,023 5,290
Cash at bank and in hand 1,737 3,981
433,538 324,752
Creditors: amounts falling due within one year 6 ( 238,430) ( 100,243)
Net current assets 195,108 224,509
Total assets less current liabilities 195,273 225,220
Creditors: amounts falling due after more than one year 7 ( 200,000) ( 200,000)
Provision for liabilities 4,934 0
Net assets 207 25,220
Capital and reserves
Called-up share capital 8 20 20
Profit and loss account 187 25,200
Total shareholders' funds 207 25,220

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Tree House Homes Limited (registered number: 10429670) were approved and authorised for issue by the Board of Directors on 31 March 2025. They were signed on its behalf by:

Mr S Shaw
Director
TREE HOUSE HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
TREE HOUSE HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tree House Homes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sentinels, St Stephens Hill, Launceston, PL15 8HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Prior year adjustment

Unpaid wage costs were omitted in the previous year, these costs have now been correctly included and the corporation tax adjusted accordingly.

As previously reported Adjustment As restated
Year ended 31 October 2023 £ £ £
Wages costs 0 12,000 12,000
Corporation tax refund 2,112 2,280 4,392

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

4. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 November 2023 1,880 1,088 2,968
At 31 October 2024 1,880 1,088 2,968
Accumulated depreciation
At 01 November 2023 1,438 819 2,257
Charge for the financial year 277 269 546
At 31 October 2024 1,715 1,088 2,803
Net book value
At 31 October 2024 165 0 165
At 31 October 2023 442 269 711

5. Debtors

2024 2023
£ £
Corporation tax 4,392 4,392
Other debtors 631 898
5,023 5,290

6. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 238,430 100,243

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 200,000 200,000

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 Ordinary A shares of £ 1.00 each 10 10
10 Ordinary B shares of £ 1.00 each 10 10
20 20