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REGISTERED NUMBER: 09461565 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

HOM PROPERTIES LTD

HOM PROPERTIES LTD (REGISTERED NUMBER: 09461565)

Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOM PROPERTIES LTD

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs Yuksel Hanife Mehmet
Mr Ozkay Mehmet





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 09461565 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

HOM PROPERTIES LTD (REGISTERED NUMBER: 09461565)

Balance Sheet
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,038 67,038
Investment property 5 640,991 640,991
708,029 708,029

CURRENT ASSETS
Cash at bank 43,098 39,070

CREDITORS
Amounts falling due within one year 6 372,781 374,344
NET CURRENT LIABILITIES (329,683 ) (335,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,346

372,755

CREDITORS
Amounts falling due after more than one
year

7

316,935

327,317
NET ASSETS 61,411 45,438

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,311 45,338
SHAREHOLDERS' FUNDS 61,411 45,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

HOM PROPERTIES LTD (REGISTERED NUMBER: 09461565)

Balance Sheet - continued
28 FEBRUARY 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 3 November 2023 and were signed on its behalf by:





Mr Ozkay Mehmet - Director


HOM PROPERTIES LTD (REGISTERED NUMBER: 09461565)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Hom Properties Ltd 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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - not provided

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvement
to
property
£   
COST
At 1 March 2022
and 28 February 2023 67,038
NET BOOK VALUE
At 28 February 2023 67,038
At 28 February 2022 67,038

HOM PROPERTIES LTD (REGISTERED NUMBER: 09461565)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 640,991
NET BOOK VALUE
At 28 February 2023 640,991
At 28 February 2022 640,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 3,749 4,773
Other creditors 369,032 369,571
372,781 374,344

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 316,935 327,317

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 284,442 284,442

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 316,935 327,317