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REGISTERED NUMBER: 06444159 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Homefield Grange Retreat Limited

Homefield Grange Retreat Limited (Registered number: 06444159)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Homefield Grange Retreat Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Ms S Peck
H Looser





SECRETARY: H Looser





REGISTERED OFFICE: Manor Road
Rushton
Kettering
Northamptonshire
NN14 1RH





REGISTERED NUMBER: 06444159 (England and Wales)





ACCOUNTANTS: Haes Cooper and Company Limited
3 Bakers Lane
Shutlanger
Northamptonshire
NN12 7RT

Homefield Grange Retreat Limited (Registered number: 06444159)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,103 39,873
Tangible assets 5 1,887,619 1,862,989
1,898,722 1,902,862

CURRENT ASSETS
Stocks 4,428 6,000
Debtors 6 23,018 80,676
Cash at bank and in hand 186,856 106,352
214,302 193,028
CREDITORS
Amounts falling due within one year 7 890,227 974,642
NET CURRENT LIABILITIES (675,925 ) (781,614 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,222,797

1,121,248

CREDITORS
Amounts falling due after more than one year 8 (446,727 ) (532,754 )

PROVISIONS FOR LIABILITIES (138,869 ) (112,763 )
NET ASSETS 637,201 475,731

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 636,201 474,731
SHAREHOLDERS' FUNDS 637,201 475,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Homefield Grange Retreat Limited (Registered number: 06444159)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Ms S Peck - Director


Homefield Grange Retreat Limited (Registered number: 06444159)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Homefield Grange Retreat 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost, 15% on reducing balance and in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Homefield Grange Retreat Limited (Registered number: 06444159)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Website software Totals
£    £    £   
COST
At 1 February 2022 61,800 15,264 77,064
Additions 14,100 - 14,100
Disposals (62,212 ) - (62,212 )
At 31 January 2023 13,688 15,264 28,952
AMORTISATION
At 1 February 2022 28,053 9,138 37,191
Amortisation for year 2,737 5,088 7,825
Eliminated on disposal (27,167 ) - (27,167 )
At 31 January 2023 3,623 14,226 17,849
NET BOOK VALUE
At 31 January 2023 10,065 1,038 11,103
At 31 January 2022 33,747 6,126 39,873

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 1,087,023 1,089,573 434,623
Additions 118,596 30,980 45,745
Disposals - (62,695 ) (46,775 )
At 31 January 2023 1,205,619 1,057,858 433,593
DEPRECIATION
At 1 February 2022 236,607 368,476 192,340
Charge for year 56,058 114,178 39,061
Eliminated on disposal - (47,328 ) (30,494 )
At 31 January 2023 292,665 435,326 200,907
NET BOOK VALUE
At 31 January 2023 912,954 622,532 232,686
At 31 January 2022 850,416 721,097 242,283

Homefield Grange Retreat Limited (Registered number: 06444159)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 109,363 33,939 2,754,521
Additions 125,425 8,999 329,745
Disposals (109,363 ) (5,867 ) (224,700 )
At 31 January 2023 125,425 37,071 2,859,566
DEPRECIATION
At 1 February 2022 69,296 24,813 891,532
Charge for year 11,166 7,070 227,533
Eliminated on disposal (69,296 ) - (147,118 )
At 31 January 2023 11,166 31,883 971,947
NET BOOK VALUE
At 31 January 2023 114,259 5,188 1,887,619
At 31 January 2022 40,067 9,126 1,862,989

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 4,191 19,198
Other debtors 18,827 61,478
23,018 80,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 45,600 44,864
Hire purchase contracts 21,120 44,083
Trade creditors 138,926 116,842
Taxation and social security 88,218 11,872
Other creditors 596,363 756,981
890,227 974,642

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 235,649 268,743
Hire purchase contracts 98,589 5,695
Other creditors 112,489 258,316
446,727 532,754

Homefield Grange Retreat Limited (Registered number: 06444159)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.23 31.1.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 235,649 268,743

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 281,249 313,607
Other loans 107,635 317,524
388,884 631,131

The bank loans from Natwest Bank are secured on the assets of the company and the directors. Other loans are secured by personal guarantee of the directors.

10. RELATED PARTY DISCLOSURES

During the year the company paid rent of £50,000 (2022:£50,000) to the directors who own the premises.