1 March 2022 false No description of principal activity Taxfiler 2024.1 07511799business:PrivateLimitedCompanyLtd2022-03-012023-02-28 075117992022-02-28 075117992022-03-012023-02-28 07511799business:AuditExemptWithAccountantsReport2022-03-012023-02-28 07511799business:FilletedAccounts2022-03-012023-02-28 075117992023-02-28 075117992022-02-28 07511799core:WithinOneYear2023-02-28 07511799core:WithinOneYear2022-02-28 07511799core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 07511799core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 07511799core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 07511799core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 07511799core:PreviouslyStatedAmount2023-02-28 07511799core:PreviouslyStatedAmount2022-02-28 07511799business:SmallEntities2022-03-012023-02-28 07511799business:Director12022-03-012023-02-28 07511799countries:EnglandWales2022-03-012023-02-28 07511799business:RegisteredOffice2022-03-012023-02-28 07511799core:PlantMachinery2022-03-012023-02-28 07511799core:MotorVehicles2022-03-012023-02-28 07511799core:FurnitureFittings2022-03-012023-02-28 07511799core:ComputerEquipment2022-03-012023-02-28 07511799core:PlantMachinery2022-02-28 07511799core:MotorVehicles2022-02-28 07511799core:FurnitureFittings2022-02-28 07511799core:ComputerEquipment2022-02-28 07511799core:PlantMachinery2023-02-28 07511799core:MotorVehicles2023-02-28 07511799core:FurnitureFittings2023-02-28 07511799core:ComputerEquipment2023-02-28 075117992021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 07511799 (England and Wales)
HOMELY HOUSING LETS LTD Unaudited accounts for the year ended 28 February 2023
HOMELY HOUSING LETS LTD Unaudited accounts Contents
Page
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HOMELY HOUSING LETS LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,115 
31,758 
Current assets
Debtors
993,235 
875,180 
Cash at bank and in hand
65,566 
6,229 
1,058,801 
881,409 
Creditors: amounts falling due within one year
(336,616)
(180,646)
Net current assets
722,185 
700,763 
Total assets less current liabilities
744,300 
732,521 
Provisions for liabilities
Other provisions
- 
(3,308)
Net assets
744,300 
729,213 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
744,298 
729,211 
Shareholders' funds
744,300 
729,213 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
Champa Singh Director Company Registration No. 07511799
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HOMELY HOUSING LETS LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
HOMELY HOUSING LETS LTD is a private company, limited by shares, registered in England and Wales, registration number 07511799. The registered office is 24 Forest Hill Road, East Dulwich, London, SE22 0RR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
Motor vehicles
25% reducing balance method
Fixtures & fittings
25% reducing balance method
Computer equipment
20% reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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HOMELY HOUSING LETS LTD Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
16,985 
57,418 
59,689 
14,983 
149,075 
At 28 February 2023
16,985 
57,418 
59,689 
14,983 
149,075 
Depreciation
At 1 March 2022
12,634 
45,654 
48,530 
10,499 
117,317 
Charge for the year
1,088 
4,504 
2,804 
1,247 
9,643 
At 28 February 2023
13,722 
50,158 
51,334 
11,746 
126,960 
Net book value
At 28 February 2023
3,263 
7,260 
8,355 
3,237 
22,115 
At 28 February 2022
4,351 
11,764 
11,159 
4,484 
31,758 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
124,821 
7,399 
Trade debtors
98,695 
138,157 
Amounts due from group undertakings etc.
156,273 
156,273 
Accrued income and prepayments
5,767 
5,767 
Other debtors
607,679 
567,584 
993,235 
875,180 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
119,201 
35,807 
Trade creditors
46,750 
4,480 
Taxes and social security
25,914 
29,659 
Other creditors
132,951 
110,700 
Accruals
11,800 
- 
336,616 
180,646 
7
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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