Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10462200 Ms Francesca Blount iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10462200 2022-11-30 10462200 2023-11-30 10462200 2022-12-01 2023-11-30 10462200 frs-core:CurrentFinancialInstruments 2023-11-30 10462200 frs-core:Non-currentFinancialInstruments 2023-11-30 10462200 frs-core:ComputerEquipment 2023-11-30 10462200 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10462200 frs-core:ComputerEquipment 2022-11-30 10462200 frs-core:FurnitureFittings 2023-11-30 10462200 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10462200 frs-core:FurnitureFittings 2022-11-30 10462200 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 10462200 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10462200 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 10462200 frs-core:ShareCapital 2023-11-30 10462200 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10462200 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10462200 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10462200 frs-bus:SmallEntities 2022-12-01 2023-11-30 10462200 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10462200 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10462200 frs-bus:Director1 2022-12-01 2023-11-30 10462200 frs-countries:EnglandWales 2022-12-01 2023-11-30 10462200 2021-11-30 10462200 2022-11-30 10462200 2021-12-01 2022-11-30 10462200 frs-core:CurrentFinancialInstruments 2022-11-30 10462200 frs-core:Non-currentFinancialInstruments 2022-11-30 10462200 frs-core:ShareCapital 2022-11-30 10462200 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 10462200
Homes & Prime Properties Ltd
Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10462200
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 790,691 791,071
790,691 791,071
CURRENT ASSETS
Cash at bank and in hand 8,433 20,603
8,433 20,603
Creditors: Amounts Falling Due Within One Year 5 (247,564 ) (271,477 )
NET CURRENT ASSETS (LIABILITIES) (239,131 ) (250,874 )
TOTAL ASSETS LESS CURRENT LIABILITIES 551,560 540,197
Creditors: Amounts Falling Due After More Than One Year 6 (539,748 ) (539,742 )
NET ASSETS 11,812 455
CAPITAL AND RESERVES
Called up share capital 90 90
Profit and Loss Account 11,722 365
SHAREHOLDERS' FUNDS 11,812 455
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Francesca Blount
Director
15 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Homes & Prime Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10462200 . The registered office is Marine House, 151 Western Road, Haywards Heath, West Sussex, RH16 3LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 789,554 2,913 1,758 794,225
As at 30 November 2023 789,554 2,913 1,758 794,225
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2022 - 2,222 932 3,154
Provided during the period - 173 207 380
As at 30 November 2023 - 2,395 1,139 3,534
Net Book Value
As at 30 November 2023 789,554 518 619 790,691
As at 1 December 2022 789,554 691 826 791,071
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 243,999 270,698
Taxation and social security 3,565 779
247,564 271,477
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 539,748 539,742
Page 4