At Home Abroad Limited 11720246 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is management of real estate on a fee or contract basis. Digita Accounts Production Advanced 6.30.9574.0 true true 11720246 2023-01-01 2023-12-31 11720246 2023-12-31 11720246 bus:OrdinaryShareClass1 2023-12-31 11720246 core:CurrentFinancialInstruments 2023-12-31 11720246 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11720246 core:FurnitureFittingsToolsEquipment 2023-12-31 11720246 bus:SmallEntities 2023-01-01 2023-12-31 11720246 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11720246 bus:FullAccounts 2023-01-01 2023-12-31 11720246 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11720246 bus:RegisteredOffice 2023-01-01 2023-12-31 11720246 bus:Director2 2023-01-01 2023-12-31 11720246 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11720246 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11720246 core:ComputerEquipment 2023-01-01 2023-12-31 11720246 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 11720246 countries:EnglandWales 2023-01-01 2023-12-31 11720246 2022-12-31 11720246 core:FurnitureFittingsToolsEquipment 2022-12-31 11720246 2022-01-01 2022-12-31 11720246 2022-12-31 11720246 bus:OrdinaryShareClass1 2022-12-31 11720246 core:CurrentFinancialInstruments 2022-12-31 11720246 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 11720246 core:FurnitureFittingsToolsEquipment 2022-12-31 11720246 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11720246

At Home Abroad Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

Pages for Filing with Registrar

 

At Home Abroad Limited

(Registration number: 11720246)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

12,114

14,194

Current assets

 

Debtors

6

2,621

1,028

Cash at bank and in hand

 

420

48,484

 

3,041

49,512

Creditors: Amounts falling due within one year

7

(11,572)

(11,547)

Net current (liabilities)/assets

 

(8,531)

37,965

Net assets

 

3,583

52,159

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

3,483

52,059

Shareholders' funds

 

3,583

52,159

 

At Home Abroad Limited

(Registration number: 11720246)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 January 2024
 

.........................................
Miss A G H Fee
Director

 

At Home Abroad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
114 St Martin's Lane
Covent Garden
London
WC2N 4BE
England

Principal activity

The principal activity of the Company is management of real estate on a fee or contract basis.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company made a loss in the year and has net current assets. The company is dependent on the support from the shareholders to continue as a going concern. The financial statements have been prepared on a going concern basis that assumes further funding will be obtained.

 

At Home Abroad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

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

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment
Fixtures and Fittings

5 years - straight line depreciation
10 years - straight line depreciation

 

At Home Abroad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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 non-puttable ordinary shares.

Financial assets that are measured at cost and 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 profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

At Home Abroad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Significant judgements and estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4

Staff numbers

The average number of persons employed by the Company (including the director) during the year, was 1 (2022 - 1).

 

At Home Abroad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

18,653

18,653

At 31 December 2023

18,653

18,653

Depreciation

At 1 January 2023

4,459

4,459

Charge for the year

2,080

2,080

At 31 December 2023

6,539

6,539

Carrying amount

At 31 December 2023

12,114

12,114

At 31 December 2022

14,194

14,194

 

At Home Abroad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Debtors

2023
£

2022
£

Other debtors

2,621

1,028

2,621

1,028

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

8,721

8,721

Other creditors

2,851

2,826

Total

11,572

11,547

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

         
 

At Home Abroad Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £440.00 (2022 - £90.00) per each Ordinary share

 

44,000

 

9,000

         

10

Related party transactions

During the current year the director paid expenses on behalf of the company totalling £nil (2022: £nil) and received repayments totalling £nil (2022: £8,620). At the year end, the company owed £nil to the director (2022: £nil).