Company Registration No. 08825955 (England and Wales)
HOMEBIRD GROUP LTD
Unaudited accounts
for the year ended 31 October 2023
HOMEBIRD GROUP LTD
Unaudited accounts
Contents
HOMEBIRD GROUP LTD
Company Information
for the year ended 31 October 2023
Directors
Mrs M Templeton
Mrs D Whittaker
Company Number
08825955 (England and Wales)
Registered Office
Swallow Ridge
Hollies Lane
Wilmslow
SK9 2BW
Accountants
Sarah Winthorpe Accountancy Services Limited
4 Granville Road
Wilmslow
Cheshire
SK9 6LW
HOMEBIRD GROUP LTD
Statement of financial position
as at 31 October 2023
Tangible assets
630,000
630,000
Cash at bank and in hand
2,668
521
Creditors: amounts falling due within one year
(24,409)
(29,194)
Net current assets
63,905
70,657
Total assets less current liabilities
763,905
770,657
Creditors: amounts falling due after more than one year
(316,912)
(332,854)
Net assets
446,993
437,803
Called up share capital
25,000
25,000
Revaluation reserve
155,864
155,864
Profit and loss account
266,129
256,939
Shareholders' funds
446,993
437,803
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mrs M Templeton
Director
Company Registration No. 08825955
HOMEBIRD GROUP LTD
Notes to the Accounts
for the year ended 31 October 2023
HOMEBIRD GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 08825955. The registered office is Swallow Ridge , Hollies Lane, Wilmslow, SK9 2BW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
HOMEBIRD GROUP LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings
At 1 November 2022
630,000
At 31 October 2023
630,000
At 31 October 2023
630,000
At 31 October 2022
630,000
5
Investments
Other investments
Valuation at 1 November 2022
70,000
Valuation at 31 October 2023
70,000
Amounts falling due within one year
Amounts due from group undertakings etc.
84,744
98,428
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
22,750
22,750
Taxes and social security
-
4,784
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
316,912
332,854
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Transactions with related parties
As at 31 October 2023 the company was owed from its subsidiaries £60,744 (2022: £74,428) from Homebird Interiors Limited and £24,000 (2022: £24,000) from Homebird Furniture and Accessories Limited.
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Average number of employees
During the year the average number of employees was 0 (2022: 0).