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REGISTERED NUMBER: 11362518 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Homewood Park Limited

Homewood Park Limited (Registered number: 11362518)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Homewood Park Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: I Taylor
Mrs C Taylor
S C Holmes
S Loy





REGISTERED OFFICE: Homewood
Hinton Charterhouse
Bath
Somerset
BA2 7TB





REGISTERED NUMBER: 11362518 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA

Homewood Park Limited (Registered number: 11362518)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,625,544 8,551,416

CURRENT ASSETS
Stocks 36,945 38,600
Debtors 5 79,262 85,476
Cash at bank and in hand 75,500 125,651
191,707 249,727
CREDITORS
Amounts falling due within one year 6 1,686,481 1,763,503
NET CURRENT LIABILITIES (1,494,774 ) (1,513,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,130,770

7,037,640

CREDITORS
Amounts falling due after more than
one year

7

6,972,749

7,216,402
NET ASSETS/(LIABILITIES) 158,021 (178,762 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 157,921 (178,862 )
SHAREHOLDERS' FUNDS 158,021 (178,762 )

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

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

Homewood Park Limited (Registered number: 11362518)

Balance Sheet - continued
31 March 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 24 July 2023 and were signed on its behalf by:





I Taylor - Director


Homewood Park Limited (Registered number: 11362518)

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

1. STATUTORY INFORMATION

Homewood Park 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 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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

In the opinion of the directors, the residual value of the company's property is high enough to render any cumulative charge for depreciation immaterial: consequently, these accounts do not contain any provision for depreciation of the freehold 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2022 - 46 ) .

Homewood Park Limited (Registered number: 11362518)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 7,219,492 297,757 2,302,584 219,134 10,038,967
Additions 272,972 39,167 79,235 62,850 454,224
At 31 March 2023 7,492,464 336,924 2,381,819 281,984 10,493,191
DEPRECIATION
At 1 April 2022 - 137,723 1,218,898 130,930 1,487,551
Charge for year - 39,836 290,419 49,841 380,096
At 31 March 2023 - 177,559 1,509,317 180,771 1,867,647
NET BOOK VALUE
At 31 March 2023 7,492,464 159,365 872,502 101,213 8,625,544
At 31 March 2022 7,219,492 160,034 1,083,686 88,204 8,551,416

Included within the net book value of £8,625,544 is £96,346 (2022 - £139,333) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the period in respect of such assets amounted to £17,622 (2022 - £31,438).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 21,758 41,488
Other debtors 57,504 43,988
79,262 85,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 55,000 60,000
Trade creditors 207,865 245,034
Taxation and social security 188,177 147,566
Other creditors 1,235,439 1,310,903
1,686,481 1,763,503

Homewood Park Limited (Registered number: 11362518)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 55,000
Other creditors 6,972,749 7,161,402
6,972,749 7,216,402

Included in the creditors repayable after more than one year of £7,269,725 is £5,784845 payable after more than five years.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Included in creditors is £7,269,725 (2022 - £7,461,702) owed by the company to The Kaleidoscope Collection Ltd, a company in which I Taylor, Mrs C Taylor and S C Holmes are directors.

During the year, management fees and other expenses of £130,596 (2022 - £138,625) were charged to the company by The Kaleidoscope Collection Ltd.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are the directors, I Taylor and Mrs C Taylor, by virtue of their shareholding.