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REGISTERED NUMBER: 04331861 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

HOME ESTATE AGENTS (URMSTON) LIMITED

HOME ESTATE AGENTS (URMSTON) LIMITED (REGISTERED NUMBER: 04331861)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HOME ESTATE AGENTS (URMSTON) LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: S D Groves





REGISTERED OFFICE: Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 04331861 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House Euxton Lane
Euxton
Chorley
Lancashire
PR7 6TB

HOME ESTATE AGENTS (URMSTON) LIMITED (REGISTERED NUMBER: 04331861)

ABRIDGED BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 201,215 186,986

CURRENT ASSETS
Debtors 285,973 284,228

CREDITORS
Amounts falling due within one year 406,224 363,426
NET CURRENT LIABILITIES (120,251 ) (79,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,964

107,788

CREDITORS
Amounts falling due after more than one
year

6

109,308

101,517
NET (LIABILITIES)/ASSETS (28,344 ) 6,271

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (28,354 ) 6,261
SHAREHOLDERS' FUNDS (28,344 ) 6,271

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HOME ESTATE AGENTS (URMSTON) LIMITED (REGISTERED NUMBER: 04331861)

ABRIDGED BALANCE SHEET - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





S D Groves - Director


HOME ESTATE AGENTS (URMSTON) LIMITED (REGISTERED NUMBER: 04331861)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022


1. STATUTORY INFORMATION

Home Estate Agents (Urmston) 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

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.
Computer equipment - 10% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditor bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

HOME ESTATE AGENTS (URMSTON) LIMITED (REGISTERED NUMBER: 04331861)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 8 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 259,225
Additions 19,244
At 31 December 2022 278,469
DEPRECIATION
At 1 January 2022 72,239
Charge for year 5,015
At 31 December 2022 77,254
NET BOOK VALUE
At 31 December 2022 201,215
At 31 December 2021 186,986

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.22 31.12.21
£    £   
Repayable by instalments
Other loans more 5yrs instal 5,204 39,573

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
S D Groves
Balance outstanding at start of year 218,301 175,570
Amounts advanced 199,347 220,577
Amounts repaid (158,705 ) (177,846 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 258,943 218,301