Registered number
03659222
HOMECREST LIMITED
Filleted Accounts
31 October 2023
HOMECREST LIMITED
Registered number: 03659222
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Investments 181,954 181,954
Current assets
Cash at bank and in hand 2,165 2,237
Creditors: amounts falling due within one year 3 (32,549) (32,621)
Net current liabilities (30,384) (30,384)
Net assets 151,570 151,570
Capital and reserves
Called up share capital 1 1
Profit and loss account 151,569 151,569
Shareholders' funds 151,570 151,570
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Sellars
Director
Approved by the board on 24 July 2024
HOMECREST LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 32,549 32,621
4 Other information
HOMECREST LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Guinea Farm
Uttoxeter Road
Foston
Derby
DE65 5PX
HOMECREST LIMITED 03659222 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 N Sellars No description of principal activity 03659222 2021-11-01 2022-10-31 03659222 core:WithinOneYear 2022-10-31 03659222 core:ShareCapital 2022-10-31 03659222 core:RetainedEarningsAccumulatedLosses 2022-10-31 03659222 2022-11-01 2023-10-31 03659222 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 03659222 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 03659222 bus:Director40 2022-11-01 2023-10-31 03659222 1 2022-11-01 2023-10-31 03659222 2 2022-11-01 2023-10-31 03659222 countries:England 2022-11-01 2023-10-31 03659222 bus:FRS102 2022-11-01 2023-10-31 03659222 bus:FilletedAccounts 2022-11-01 2023-10-31 03659222 2023-10-31 03659222 core:WithinOneYear 2023-10-31 03659222 core:ShareCapital 2023-10-31 03659222 core:RetainedEarningsAccumulatedLosses 2023-10-31 03659222 2022-10-31 iso4217:GBP xbrli:pure