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REGISTERED NUMBER: 12621461 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Homes Up Limited

Homes Up Limited (Registered number: 12621461)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Homes Up Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: D Goaillard





REGISTERED OFFICE: G16 The Lightbox
111 Power Road
London
W4 5PY





REGISTERED NUMBER: 12621461 (England and Wales)





ACCOUNTANTS: KSG Accountants Ltd
4 Somerset Way
Iver
Buckinghamshire
SL0 9AF

Homes Up Limited (Registered number: 12621461)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 370,800 360,000

CURRENT ASSETS
Debtors 5 1 1
Cash at bank 1,723 1,194
1,724 1,195
CREDITORS
Amounts falling due within one year 6 80,664 76,442
NET CURRENT LIABILITIES (78,940 ) (75,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,860

284,753

CREDITORS
Amounts falling due after more than one year 7 150,221 156,650
NET ASSETS 141,639 128,103

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 141,638 128,102
141,639 128,103

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 director and authorised for issue on 1 February 2024 and were signed by:




D Goaillard - Director


Homes Up Limited (Registered number: 12621461)

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

1. STATUTORY INFORMATION

Homes Up 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 June 2022 360,000
Revaluations 10,800
At 31 May 2023 370,800
NET BOOK VALUE
At 31 May 2023 370,800
At 31 May 2022 360,000

Homes Up Limited (Registered number: 12621461)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2023 is represented by:

Land and
buildings
£   
Valuation in 2023 370,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 1 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 1,768 1,126
Other creditors 78,896 75,316
80,664 76,442

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 150,221 156,650

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 150,221 156,650