Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2022-10-01falseNo description of principal activity44 07035068 2022-10-01 2023-03-31 07035068 2021-10-01 2022-09-30 07035068 2023-03-31 07035068 2022-09-30 07035068 c:Director1 2022-10-01 2023-03-31 07035068 d:Buildings 2022-10-01 2023-03-31 07035068 d:Buildings 2023-03-31 07035068 d:Buildings 2022-09-30 07035068 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 07035068 d:LandBuildings 2023-03-31 07035068 d:LandBuildings 2022-09-30 07035068 d:PlantMachinery 2022-10-01 2023-03-31 07035068 d:PlantMachinery 2023-03-31 07035068 d:PlantMachinery 2022-09-30 07035068 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 07035068 d:MotorVehicles 2022-10-01 2023-03-31 07035068 d:MotorVehicles 2023-03-31 07035068 d:MotorVehicles 2022-09-30 07035068 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 07035068 d:FurnitureFittings 2022-10-01 2023-03-31 07035068 d:FurnitureFittings 2023-03-31 07035068 d:FurnitureFittings 2022-09-30 07035068 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 07035068 d:ComputerEquipment 2022-10-01 2023-03-31 07035068 d:ComputerEquipment 2023-03-31 07035068 d:ComputerEquipment 2022-09-30 07035068 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 07035068 d:OwnedOrFreeholdAssets 2022-10-01 2023-03-31 07035068 d:CurrentFinancialInstruments 2023-03-31 07035068 d:CurrentFinancialInstruments 2022-09-30 07035068 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07035068 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 07035068 d:ShareCapital 2023-03-31 07035068 d:ShareCapital 2022-09-30 07035068 d:RetainedEarningsAccumulatedLosses 2023-03-31 07035068 d:RetainedEarningsAccumulatedLosses 2022-09-30 07035068 c:OrdinaryShareClass1 2022-10-01 2023-03-31 07035068 c:OrdinaryShareClass1 2023-03-31 07035068 c:OrdinaryShareClass1 2022-09-30 07035068 c:FRS102 2022-10-01 2023-03-31 07035068 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-03-31 07035068 c:FullAccounts 2022-10-01 2023-03-31 07035068 c:PrivateLimitedCompanyLtd 2022-10-01 2023-03-31 07035068 2 2022-10-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07035068









HOMELANDS PARK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
HOMELANDS PARK LTD
REGISTERED NUMBER:07035068

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
30 September
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
58,456
52,197

  
58,456
52,197

Current assets
  

Stocks
  
104,241
123,327

Debtors: amounts falling due within one year
  
23,284
77,264

Cash at bank and in hand
  
740,667
517,562

  
868,192
718,153

Creditors: amounts falling due within one year
  
(204,085)
(140,480)

Net current assets
  
 
 
664,107
 
 
577,673

Total assets less current liabilities
  
722,563
629,870

Provisions for liabilities
  

Deferred tax
  
(3,036)
(1,142)

  
 
 
(3,036)
 
 
(1,142)

Net assets
  
719,527
628,728


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
718,527
627,728

  
719,527
628,728


Page 1

 
HOMELANDS PARK LTD
REGISTERED NUMBER:07035068
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B C Home
Director

Date: 7 November 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HOMELANDS PARK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Homelands Park Ltd, 07035068, is a private limited company, limited by shares, and incorporated and domiciled in the UK. Its registered office and principal place of business is High Green, Chorley, Bridgnorth, Shropshire, WV16 6PP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
HOMELANDS PARK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
HOMELANDS PARK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Freehold property
-
no depreciation
Plant and machinery
-
25% on reducing balance
Motor vehicles
-
20% on reducing balance
Fixtures and fittings
-
20% on reducing balance
Computer equipment
-
33% straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
HOMELANDS PARK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2022 - 4).

Page 6

 
HOMELANDS PARK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets







Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 October 2022
46,184
20,549
1,000
3,444
860


Additions
128
-
9,583
-
-



At 31 March 2023

46,312
20,549
10,583
3,444
860



Depreciation


At 1 October 2022
-
16,176
790
2,013
860


Charge for the period on owned assets
-
1,208
1,959
286
-



At 31 March 2023

-
17,384
2,749
2,299
860



Net book value



At 31 March 2023
46,312
3,165
7,834
1,145
-



At 30 September 2022
46,184
4,372
210
1,431
-
Page 7

 
HOMELANDS PARK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 October 2022
72,037


Additions
9,711



At 31 March 2023

81,748



Depreciation


At 1 October 2022
19,839


Charge for the period on owned assets
3,453



At 31 March 2023

23,292



Net book value



At 31 March 2023
58,456



At 30 September 2022
52,197




The net book value of land and buildings may be further analysed as follows:


31 March
30 September
2023
2022
£
£

Freehold
46,312
46,184

46,312
46,184


Page 8

 
HOMELANDS PARK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Debtors

31 March
30 September
2023
2022
£
£


Trade debtors
1,394
33,120

Amounts owed by joint ventures and associated undertakings
2,762
11,303

Other debtors
19,128
32,841

23,284
77,264



6.


Cash and cash equivalents

31 March
30 September
2023
2022
£
£

Cash at bank and in hand
740,667
517,562

740,667
517,562



7.


Creditors: Amounts falling due within one year

31 March
30 September
2023
2022
£
£

Trade creditors
34,422
12,520

Other taxation and social security
91,772
49,381

Other creditors
25,382
45,598

Accruals and deferred income
52,509
32,981

204,085
140,480


Page 9

 
HOMELANDS PARK LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Share capital

31 March
30 September
2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable to the Company to the fund and amounted to £350.40 (2022 - £700.80). Contributions totalling £136.27 (2022 - £136.27) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 10