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Registration number: 02748954

Homebased Care Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Homebased Care Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Homebased Care Limited

Company Information

Directors

Mr S Waltham

Mrs S M Waltham

Company secretary

Mrs S M Waltham

Registered office

Bridge House
41 Wincolmlee
Hull
HU2 8AG

 

Homebased Care Limited

(Registration number: 02748954)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

3,043,820

2,576,825

 

3,043,820

2,576,825

Current assets

 

Debtors

5

1,746

1,075

Cash at bank and in hand

 

53,894

197,509

 

55,640

198,584

Creditors: Amounts falling due within one year

6

(2,467,367)

(2,473,861)

Net current liabilities

 

(2,411,727)

(2,275,277)

Total assets less current liabilities

 

632,093

301,548

Provisions for liabilities

(22,776)

-

Net assets

 

609,317

301,548

Capital and reserves

 

Called up share capital

2

2

Retained earnings

609,315

301,546

Shareholders' funds

 

609,317

301,548

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Homebased Care Limited

(Registration number: 02748954)
Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 3 October 2024 and signed on its behalf by:
 

.........................................
Mr S Waltham
Director

 

Homebased Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bridge House
41 Wincolmlee
Hull
HU2 8AG
United Kingdom

These financial statements were authorised for issue by the Board on 3 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Homebased Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Homebased Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2023

2,576,825

2,576,825

Fair value adjustments

364,799

364,799

Additions

990,025

990,025

Disposals

(887,829)

(887,829)

At 30 April 2024

3,043,820

3,043,820

Impairment

Carrying amount

At 30 April 2024

3,043,820

3,043,820

5

Debtors

2024
£

2023
£

Other debtors

1,746

1,075

1,746

1,075

 

Homebased Care Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

2,456,206

2,456,206

Taxation and social security

 

8,926

15,170

Accruals and deferred income

 

2,235

2,485

 

2,467,367

2,473,861

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Non-distributable reserve
£

Retained earnings
£

Surplus/deficit on revaluation of other assets

(24,549)

24,549

8

Related party transactions

Advantage has been taken under FRS102 Section 33.1A of the exemption available to groups of companies not to disclose transactions and balances involving wholly owned group companies.

9

Parent and ultimate parent undertaking

The company's immediate parent is Shelphen Care Limited, incorporated in England and Wales.