Company registration number 07721769 (England and Wales)
Home Legal Services Limited
Unaudited financial statements
For the year ended 31 December 2023
Home Legal Services Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Home Legal Services Limited
Balance sheet
As at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
751,049
1,184,867
Current assets
Debtors
4
8,357
151
Cash at bank and in hand
413,653
40,336
422,010
40,487
Creditors: amounts falling due within one year
5
(49,895)
(3,600)
Net current assets
372,115
36,887
Total assets less current liabilities
1,123,164
1,221,754
Creditors: amounts falling due after more than one year
6
(1,037,683)
(787,683)
Net assets
85,481
434,071
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
85,381
433,971
Total equity
85,481
434,071
Home Legal Services Limited
Balance sheet (continued)
As at 31 December 2023
- 2 -

For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 September 2024 and are signed on its behalf by:
Mr P M Lea
Director
Company registration number 07721769 (England and Wales)
Home Legal Services Limited
Notes to the financial statements
For the year ended 31 December 2023
- 3 -
1
Accounting policies
Company information

Home Legal Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 18 The Crescent, Wirral, CH48 4HN, West Kirby.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Fixed asset investments

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.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The company has no employees other than its directors.

Home Legal Services Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
- 4 -
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1,049
1,049
Loans to group undertakings and participating interests
-
0
802,930
Other investments other than loans
-
0
380,888
Loans
750,000
-
0
751,049
1,184,867
Movements in fixed asset investments
Shares in associates
Loans to associates
Other loans
Other
Total
£
£
£
£
£
Cost or valuation
At 1 January 2023
1,049
802,930
-
380,888
1,184,867
Additions
-
-
750,000
-
750,000
Impairment
-
-
-
(325,888)
(325,888)
Disposals
-
(802,930)
-
(55,000)
(857,930)
At 31 December 2023
1,049
-
750,000
-
751,049
Carrying amount
At 31 December 2023
1,049
-
750,000
-
751,049
At 31 December 2022
1,049
802,930
-
380,888
1,184,867
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
8,357
151
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
2,160
Taxation and social security
36,374
-
0
Other creditors
13,521
1,440
49,895
3,600
Home Legal Services Limited
Notes to the financial statements (continued)
For the year ended 31 December 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
1,037,683
787,683
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Interest receivable
2023
2022
£
£
Entities over which the entity has control, joint control or significant influence
144,081
-

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due to related parties
£
£
Entities under common control
787,683
787,683

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due from related parties
£
£
Entities under common control
8,357
-
2023-12-312023-01-01false18 September 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr R A FarnhamMr P Leafalsefalse0077217692023-01-012023-12-31077217692023-12-31077217692022-12-3107721769core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3107721769core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3107721769core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3107721769core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3107721769core:CurrentFinancialInstruments2023-12-3107721769core:CurrentFinancialInstruments2022-12-3107721769core:ShareCapital2023-12-3107721769core:ShareCapital2022-12-3107721769core:RetainedEarningsAccumulatedLosses2023-12-3107721769core:RetainedEarningsAccumulatedLosses2022-12-3107721769bus:Director22023-01-012023-12-3107721769core:Non-currentFinancialInstruments2023-12-3107721769core:Non-currentFinancialInstruments2022-12-3107721769core:WithinOneYear2023-12-3107721769core:WithinOneYear2022-12-31077217692022-01-012022-12-3107721769core:Associate12023-01-012023-12-3107721769core:EntitiesControlledByKeyManagementPersonnel2023-01-012023-12-3107721769core:EntitiesControlledByKeyManagementPersonnel2023-12-3107721769core:EntitiesControlledByKeyManagementPersonnel2022-12-3107721769bus:PrivateLimitedCompanyLtd2023-01-012023-12-3107721769bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107721769bus:FRS1022023-01-012023-12-3107721769bus:AuditExemptWithAccountantsReport2023-01-012023-12-3107721769bus:Director12023-01-012023-12-3107721769bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP