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REGISTERED NUMBER: SC568075 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Home Loan Services (Glasgow) Limited

Home Loan Services (Glasgow) Limited (Registered number: SC568075)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Home Loan Services (Glasgow) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Henry L McGeough
C Hanton
Paul Henderson
Derek Pollard





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





REGISTERED NUMBER: SC568075 (Scotland)





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

Home Loan Services (Glasgow) Limited (Registered number: SC568075)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,955 5,910

CURRENT ASSETS
Debtors 5 498,695 291,864
Cash at bank 105,037 113,402
603,732 405,266
CREDITORS
Amounts falling due within one year 6 450,266 376,235
NET CURRENT ASSETS 153,466 29,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,421

34,941

CREDITORS
Amounts falling due after more than one
year

7

(20,000

)

(30,000

)

PROVISIONS FOR LIABILITIES 8 (561 ) -
NET ASSETS 135,860 4,941

CAPITAL AND RESERVES
Called up share capital 9 5 5
Retained earnings 135,855 4,936
SHAREHOLDERS' FUNDS 135,860 4,941

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 (Glasgow) Limited (Registered number: SC568075)

Balance Sheet - 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:





Henry L McGeough - Director


Home Loan Services (Glasgow) Limited (Registered number: SC568075)

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

1. STATUTORY INFORMATION

Home Loan Services (Glasgow) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 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.

Home Loan Services (Glasgow) Limited (Registered number: SC568075)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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 32 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 8,865
DEPRECIATION
At 1 July 2022 2,955
Charge for year 2,955
At 30 June 2023 5,910
NET BOOK VALUE
At 30 June 2023 2,955
At 30 June 2022 5,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 338,056 290,183
Other debtors 160,639 1,681
498,695 291,864

Home Loan Services (Glasgow) Limited (Registered number: SC568075)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 200,434 180,760
Other creditors 239,832 185,475
450,266 376,235

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 20,000 30,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 561 -

Deferred
tax
£   
Provided during year 561
Balance at 30 June 2023 561

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5 Ordinary 1 5 5

Home Loan Services (Glasgow) Limited (Registered number: SC568075)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Henry L McGeough
Balance outstanding at start of year - -
Amounts advanced 10,659 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,659 -

C Hanton
Balance outstanding at start of year - -
Amounts advanced 34,164 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,164 -

Paul Henderson
Balance outstanding at start of year - -
Amounts advanced 48,448 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,448 -

Derek Pollard
Balance outstanding at start of year - -
Amounts advanced 14,735 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,735 -

11. ULTIMATE CONTROLLING PARTY

The company is owned by the four directors who each own a share in the company.