Company Registration No. 09677619 (England and Wales)
County Homes Chiltern Limited
Unaudited accounts
for the year ended 31 July 2021
County Homes Chiltern Limited
Unaudited accounts
Contents
County Homes Chiltern Limited
Company Information
for the year ended 31 July 2021
Directors
D B Clarke
D Short
Company Number
09677619 (England and Wales)
Registered Office
122 Winchcombe Street
Cheltenham
GL52 2NW
UK
County Homes Chiltern Limited
Statement of financial position
as at
31 July 2021
Inventories
850,000
2,740,456
Cash at bank and in hand
17,663
8,717
Creditors: amounts falling due within one year
(270,497)
(2,756,237)
Net current assets/(liabilities)
605,599
(2,025)
Net assets/(liabilities)
605,599
(2,025)
Called up share capital
2
2
Profit and loss account
605,597
(2,027)
Shareholders' funds
605,599
(2,025)
For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2022 and were signed on its behalf by
D B Clarke
Director
Company Registration No. 09677619
County Homes Chiltern Limited
Notes to the Accounts
for the year ended 31 July 2021
County Homes Chiltern Limited is a private company, limited by shares, registered in England and Wales, registration number 09677619. The registered office is 122 Winchcombe Street, Cheltenham, GL52 2NW, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Work in progress is valued at the lower of cost and net realisable value.
Cost is calculated using the first-in, first out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.
County Homes Chiltern Limited
Notes to the Accounts
for the year ended 31 July 2021
4
Debtors: amounts falling due within one year
2021
2020
5
Creditors: amounts falling due within one year
2021
2020
Trade creditors
30,381
27,116
Taxes and social security
141,618
1,374
Loans from directors
98,498
2,725,997
6
Average number of employees
During the year the average number of employees was 2 (2020: 2).