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REGISTERED NUMBER: SC352975 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Home Loan Services Limited

Home Loan Services Limited (Registered number: SC352975)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Home Loan Services Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr Henry Lindsay McGeough
Mr Derek Pollard
Mr Christopher Hanton
Mr Paul Henderson





SECRETARY: Mr Henry Lindsay McGeough





REGISTERED OFFICE: Suite 9, Buchanan Tower
Buchanan Business Park
Stepps
Glasgow
G33 6HZ





REGISTERED NUMBER: SC352975 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Home Loan Services Limited (Registered number: SC352975)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 749 881

CURRENT ASSETS
Debtors 5 217,232 207,732

CREDITORS
Amounts falling due within one year 6 5,493 3,890
NET CURRENT ASSETS 211,739 203,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,488

204,723

CAPITAL AND RESERVES
Called up share capital 7 12,925 12,925
Capital redemption reserve 2,585 2,585
Retained earnings 196,978 189,213
SHAREHOLDERS' FUNDS 212,488 204,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Home Loan Services Limited (Registered number: SC352975)

Statement of Financial Position - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





Mr Henry Lindsay McGeough - Director


Home Loan Services Limited (Registered number: SC352975)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Home Loan Services Limited is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fittings and equipment - 15% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Home Loan Services Limited (Registered number: SC352975)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 4,432 30,347 34,779
DEPRECIATION
At 1 July 2022 3,551 30,347 33,898
Charge for year 132 - 132
At 30 June 2023 3,683 30,347 34,030
NET BOOK VALUE
At 30 June 2023 749 - 749
At 30 June 2022 881 - 881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 68,000 68,000
Other debtors 149,232 139,732
217,232 207,732

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation 4,393 2,540
Accrued charges 1,100 1,350
5,493 3,890

Home Loan Services Limited (Registered number: SC352975)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,292,500 Ordinary £0.01 12,925 12,925

2022 - issued share capital was 12,925 Ordinary £1 Shares

8. ULTIMATE CONTROLLING PARTY

The company is under the joint control of all five directors who each own 1/4th of the company's share capital.