REGISTERED NUMBER: |
Home Mover Holdings Ltd |
Unaudited Financial Statements |
for the Period |
1st January 2023 to 30th November 2023 |
REGISTERED NUMBER: |
Home Mover Holdings Ltd |
Unaudited Financial Statements |
for the Period |
1st January 2023 to 30th November 2023 |
Home Mover Holdings Ltd (Registered number: 12363601) |
Contents of the Financial Statements |
for the Period 1st January 2023 to 30th November 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Home Mover Holdings Ltd |
Company Information |
for the Period 1st January 2023 to 30th November 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Accountants |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Home Mover Holdings Ltd (Registered number: 12363601) |
Statement of Financial Position |
30th November 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 6 |
Retained earnings | ( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Home Mover Holdings Ltd (Registered number: 12363601) |
Notes to the Financial Statements |
for the Period 1st January 2023 to 30th November 2023 |
1. | Statutory information |
Home Mover Holdings Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the parent company, Sholdco Limited, that it will continue to give financial support to the company for twelve months from the date of signing of these financial statements and defer payment of its loan in favour of other creditors. |
On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate. |
Preparation of consolidated financial statements |
The financial statements contain information about Home Mover Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | Employees and directors |
The average number of employees during the period was |
Home Mover Holdings Ltd (Registered number: 12363601) |
Notes to the Financial Statements - continued |
for the Period 1st January 2023 to 30th November 2023 |
4. | Fixed asset investments |
Shares in |
group |
undertakin |
£ |
Cost |
At 1st January 2023 |
and 30th November 2023 |
Net book value |
At 30th November 2023 |
At 31st December 2022 |
5. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
6. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Preferred Ordinary | 1 | 650 | 650 |
A Ordinary | 1 | 392 | 392 |
1,042 | 1,042 |
7. | Ultimate parent company |
The company's ultimate parent company is Sholdco Limited a company incorporated in England and Wales. |