REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 November 2023 |
for |
HOMECROFT FINANCIAL MANAGEMENT LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
Guildford Road |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Revaluation reserve | 11 | ( |
) | ( |
) |
Retained earnings | 11 | 320,457 | 392,532 |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
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 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 December 2022 |
and 30 November 2023 |
AMORTISATION |
At 1 December 2022 |
and 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
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 |
Additions |
At 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for year |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
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 |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/23 | 30/11/22 |
£ | £ |
Bank loans and overdrafts |
Payments on account |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/11/23 | 30/11/22 |
value: | £ | £ |
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. |