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REGISTERED NUMBER: 03370019 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

HOMECROFT FINANCIAL MANAGEMENT LIMITED

HOMECROFT FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 03370019)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOMECROFT FINANCIAL MANAGEMENT LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr S J Piper
Mr M P Kennedy
Mr J P Godding





REGISTERED OFFICE: 1 & 2 Studley Court Mews Studley Court,
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 03370019 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

HOMECROFT FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 03370019)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,600 48,600
Tangible assets 5 184,385 228,772
Investments 6 20,000 20,000
252,985 297,372

CURRENT ASSETS
Debtors 7 162,016 234,370
Cash at bank and in hand 103,663 124,796
265,679 359,166
CREDITORS
Amounts falling due within one year 8 228,406 288,605
NET CURRENT ASSETS 37,273 70,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,258

367,933

CREDITORS
Amounts falling due after more than one
year

9

30,556

36,111
NET ASSETS 259,702 331,822

CAPITAL AND RESERVES
Called up share capital 10 955 1,000
Revaluation reserve 11 (61,710 ) (61,710 )
Retained earnings 11 320,457 392,532
SHAREHOLDERS' FUNDS 259,702 331,822

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

HOMECROFT FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 03370019)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2024 and were signed on its behalf by:




Mr S J Piper - Director



Mr J P Godding - Director


HOMECROFT FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 03370019)

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

1. STATUTORY INFORMATION

Homecroft Financial Management Limited is a private company, limited by shares , registered in England and Wales. 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 fees received or receivable, excluding discounts, rebates, value added 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 135,000
AMORTISATION
At 1 December 2022
and 30 November 2023 86,400
NET BOOK VALUE
At 30 November 2023 48,600
At 30 November 2022 48,600

HOMECROFT FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 03370019)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 67,513 79,058 33,753 255,073 435,397
Additions - 2,005 317 - 2,322
At 30 November 2023 67,513 81,063 34,070 255,073 437,719
DEPRECIATION
At 1 December 2022 12,828 62,108 31,982 99,707 206,625
Charge for year 2,608 4,739 521 38,841 46,709
At 30 November 2023 15,436 66,847 32,503 138,548 253,334
NET BOOK VALUE
At 30 November 2023 52,077 14,216 1,567 116,525 184,385
At 30 November 2022 54,685 16,950 1,771 155,366 228,772

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30/11/23 30/11/22
£    £   
Investments in artwork 20,000 20,000

Investments are carried at cost.

7. DEBTORS
30/11/23 30/11/22
£    £   
Amounts falling due within one year:
Other debtors 158,302 230,656

Amounts falling due after more than one year:
Other debtors 3,714 3,714

Aggregate amounts 162,016 234,370

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 5,556 5,556
Payments on account 319 -
Trade creditors 43,066 46,665
Taxation and social security 124,902 121,986
Other creditors 54,563 114,398
228,406 288,605

HOMECROFT FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 03370019)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans 30,556 36,111

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
955 Ordinary A £1 955 1,000
(30/11/22 - 1,000 )

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 392,532 (61,710 ) 330,822
Profit for the year 198,272 198,272
Dividends (192,892 ) (192,892 )
Purchase of own shares (77,455 ) - (77,455 )
At 30 November 2023 320,457 (61,710 ) 258,747

12. RELATED PARTY DISCLOSURES

At the end of the year, the directors owed an amount of £82,039 (2022 : £75,247) to the company.