Ticehurst Village Homes Ltd - Period Ending 2022-07-31

Ticehurst Village Homes Ltd

(Registration number: 07821168)
Statement of Financial Position as at 31 July 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	184,676	194,701
Creditors: Amounts falling due within one year	5	(184,648)	(194,566)
Net assets		28	135
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(972)	(865)
Shareholders' funds		28	135

For the financial year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 16 November 2022 and signed on its behalf by:
 

......................................... Mr L J Newlyn Director

Ticehurst Village Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 9 Deerhurst Park, Forest Row, East Sussex, RH18 5GD.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

4

Debtors

	2022 £	2021 £
Other debtors	184,676	194,701
	184,676	194,701

Ticehurst Village Homes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2022

5

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Accruals and deferred income	648	648
Other creditors	184,000	193,918
	184,648	194,566

6	Related party transactions

Summary of transactions with other related parties

At the year-end the company owed £51,000 (2021: £51,000) to each of the directors and an additional £82,000 (2021: £82,000) to 2 company members.