REGISTERED NUMBER: 14892151 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Villafont (Herne Bay) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

CURRENT ASSETS

Stocks

8,873,828

3,893,816

Debtors

4

66,899

361,854

Cash at bank

69,481

264,409

9,010,208

4,520,079

CREDITORS

Amounts falling due within one year

5

(750,804

)

(155,078

)

NET CURRENT ASSETS

8,259,404

4,365,001

TOTAL ASSETS LESS CURRENT LIABILITIES

8,259,404

4,365,001

CREDITORS

Amounts falling due after more than one year

6

(8,264,184

)

(4,366,801

)

NET LIABILITIES

(4,780

)

(1,800

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(4,980

)

(2,000

)

(4,780

)

(1,800

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 4 September 2025 and were signed on its behalf by:

C A McGoff - Director

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 year 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 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.

Going concern

The company's financial statements for the year ended 31 March 2025 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 year was 2 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

63,000

334,167

Other debtors

3,899

27,687

66,899

361,854

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

748,304

153,078

Other creditors

2,500

2,000

750,804

155,078

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

8,264,184

4,366,801

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

5,088,721

2,240,236

8.	RELATED PARTY DISCLOSURES

During the year, the company was charged £4,359,717 (2024: £584,029) for services provided by a company in which the directors of the company, have a material interest. At 31 March 2025, there was £740,284 (2024: £116,155) owed to this company

During the year, the company was charged £259,722 (2024: £165,000) for services provided by other related parties. At 31 March 2025, there was £3,495 (2024: Nil) owed to this company.

At 31 March 2025, a balance of £63,000 (2024: £334,167) was owed by an other related party. The balance is interest free and repayable on demand..

At 31 March 2025, others creditors included £3,175,463 (2024: £2,126,565) in respect of shareholder equity loans. The loans are interest free and long term.

9.	ULTIMATE CONTROLLING PARTY