Company No:
Contents
Note | 2023 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
|
94,696 | ||
Current assets | ||
Debtors | 4 |
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Cash at bank and in hand | 5 |
|
10,545 | ||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (46,109) | |
Total assets less current liabilities | 48,587 | |
Creditors: amounts falling due after more than one year | 7 | (
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Net liabilities | (
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Capital and reserves | ||
Called-up share capital | 9 |
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Profit and loss account | (
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Total shareholder's deficit | (
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Director's responsibilities:
The financial statements of HM Homes Investments Limited (registered number:
Hayley Mctaggart
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.
HM Homes Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Land and buildings | not depreciated |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
2023 | |
Number | |
Monthly average number of persons employed by the Company during the year, including the director |
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Land and buildings | Total | ||
£ | £ | ||
Cost | |||
At 01 January 2023 |
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Additions |
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At 31 December 2023 |
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Accumulated depreciation | |||
At 01 January 2023 |
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At 31 December 2023 |
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Net book value | |||
At 31 December 2023 |
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2023 | |
£ | |
Deferred tax asset |
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2023 | |
£ | |
Cash at bank and in hand |
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2023 | |
£ | |
Amounts owed to director |
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Other loans |
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Accruals |
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|
2023 | |
£ | |
Other loans |
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2023 | |
£ | |
At the beginning of financial year |
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Credited to the Profit and Loss Account |
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At the end of financial year |
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2023 | |
£ | |
Allotted, called-up and fully-paid | |
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Transactions with the entity's director
2023 | |
£ | |
Amounts owed to director | 51,900 |