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REGISTERED NUMBER: 03810345 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

FOR

HOMEVILLA LIMITED

HOMEVILLA LIMITED (REGISTERED NUMBER: 03810345)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOMEVILLA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTOR: Mr J M Fekete





REGISTERED OFFICE: 4 Cazenove Road
London
N16 6BD





REGISTERED NUMBER: 03810345 (England and Wales)





ACCOUNTANTS: DAS Accounting Services Ltd
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

HOMEVILLA LIMITED (REGISTERED NUMBER: 03810345)

BALANCE SHEET
31 JULY 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,500,000 2,705,302

CURRENT ASSETS
Debtors 6 602,095 591,350

CREDITORS
Amounts falling due within one year 7 (1,287,594 ) (3,331,985 )
NET CURRENT LIABILITIES (685,499 ) (2,740,635 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,501

(35,333

)

PROVISIONS FOR LIABILITIES 8 (45,300 ) -
NET ASSETS/(LIABILITIES) 769,201 (35,333 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 769,199 (35,335 )
SHAREHOLDERS' FUNDS 769,201 (35,333 )

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

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

HOMEVILLA LIMITED (REGISTERED NUMBER: 03810345)

BALANCE SHEET - continued
31 JULY 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





Mr J M Fekete - Director


HOMEVILLA LIMITED (REGISTERED NUMBER: 03810345)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1. STATUTORY INFORMATION

Homevilla 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 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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historic cost convention except that investment property is measured at fair value through profit or loss.

Judgements and key sources of estimation uncertainty
Judgements made by the director, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below.

The company's investment property is valued by the director. The valuation of the company's property is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yields and comparable market conditions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


HOMEVILLA LIMITED (REGISTERED NUMBER: 03810345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

3. ACCOUNTING POLICIES - continued
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.

Fixed assets
Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixture and fittings - 25% reducing balance

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 and loss.

Going concern
The company is a going concern on the assumption of continued support from its principal creditors and finance providers.

4. EMPLOYEES AND DIRECTORS

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

HOMEVILLA LIMITED (REGISTERED NUMBER: 03810345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

5. TANGIBLE FIXED ASSETS
Long Fixtures
Freehold leasehold and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 August 2021 2,225,000 475,000 26,858 2,726,858
Disposals (1,075,000 ) (475,000 ) (26,858 ) (1,576,858 )
Revaluations 350,000 - - 350,000
At 31 July 2022 1,500,000 - - 1,500,000
DEPRECIATION
At 1 August 2021 - - 21,556 21,556
Charge for year - - 777 777
Eliminated on disposal - - (22,333 ) (22,333 )
At 31 July 2022 - - - -
NET BOOK VALUE
At 31 July 2022 1,500,000 - - 1,500,000
At 31 July 2021 2,225,000 475,000 5,302 2,705,302

The director is of the opinion that £1,500,000 represents the open market value of the company's investment property at 31 July 2022.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 952 35,043
Amounts owed by group undertakings 588,370 -
Other debtors 12,773 556,307
602,095 591,350

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans 857,174 2,246,623
Trade creditors - 6,046
Other creditors 430,420 1,079,316
1,287,594 3,331,985

The bank loan is secured by legal charges over the company's investment property.

HOMEVILLA LIMITED (REGISTERED NUMBER: 03810345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 45,300 -

Deferred
tax
£   
Charge during the year 45,300
Balance at 31 July 2022 45,300

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary 1 2 2