1 April 2023 v2024.52.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP038738202023-04-012024-03-31038738202024-03-31038738202023-03-3103873820core:WithinOneYear2024-03-3103873820core:WithinOneYear2023-03-3103873820core:ShareCapital2024-03-3103873820core:ShareCapital2023-03-3103873820core:RetainedEarningsAccumulatedLosses2024-03-3103873820core:RetainedEarningsAccumulatedLosses2023-03-3103873820bus:Director12023-04-012024-03-3103873820bus:RegisteredOffice2023-04-012024-03-31038738202022-04-012023-03-3103873820core:CostValuation2023-04-0103873820core:CostValuation2024-03-310387382012023-04-012024-03-3103873820countries:EnglandWales2023-04-012024-03-3103873820bus:AuditExemptWithAccountantsReport2023-04-012024-03-3103873820bus:PrivateLimitedCompanyLtd2023-04-012024-03-3103873820bus:SmallEntities2023-04-012024-03-3103873820bus:FullAccounts2023-04-012024-03-31
Company registration number:
03873820
HomeUK.Com Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
HomeUK.Com Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of HomeUK.Com Limited
Year ended
31 March 2024
As described on the statement of financial position, the Board of Directors of
HomeUK.Com Limited
are responsible for the preparation of the
financial statements
for the year ended
31 March 2024
, which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Accounted For Ltd
Unit 2
Riverbridge Business Centre
Rhymney River Bridge Road
Cardiff
CF23 9FP
United Kingdom
Date:
24 September 2024
HomeUK.Com Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Investments 5
356
 
356
 
Current assets    
Debtors 6
36,053
 
36,053
 
Creditors: amounts falling due within one year 7
(33,214
)
(33,214
)
Net current assets
2,839
 
2,839
 
Total assets less current liabilities 3,195   3,195  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
3,095
 
3,095
 
Shareholders funds
3,195
 
3,195
 
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • 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 director acknowledges their responsibilities for complying with the requirements of the Act 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.
These
financial statements
were approved by the board of directors and authorised for issue on
24 September 2024
, and are signed on behalf of the board by:
O Cohen
Director
Company registration number:
03873820
HomeUK.Com Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
84 Cathedral Road
,
Cardiff
,
CF11 9LN
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1
).

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 April 2023
356
 
At
31 March 2024
356
 
Impairment  
At
1 April 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
356
 
At 31 March 2023
356
 
Market value of fixed asset investments cannot be reliably valued and hence are held at cost less impairment.
The following represents subsidiary companies within Investments and the level of control as at 31 March 2024:
Home UK (Cardiff) Ltd - 100%
Home UK (HA1) Ltd - 100%
Home UK (SCL) Ltd - 100%
Home UK London SE Ltd - 55%
Home UK Oxford Ltd - 100%
The aggregate capital and reserves and the result for the year after tax of the subsidiaries noted above was as follows:
Home UK (Cardiff) Ltd - Profit/(Loss) = £1,579,558. Capital & Reserves = £4,694,054
Home UK (HA1) Ltd - Profit/(Loss) = £89,860. Capital & Reserves = £78,450
Home UK (SCL) Ltd - Profit/(Loss) = £1,735,970. Capital & Reserves = £14,255,882
Home UK London SE Ltd - Profit/(Loss) = £171,102. Capital & Reserves = £2,087,269
Home UK Oxford Ltd - Profit/(Loss) = £560,691. Capital & Reserves = £9,483,880

6 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
32,553
 
32,553
 
Other debtors
3,500
 
3,500
 
36,053
 
36,053
 

7 Creditors: amounts falling due within one year

20242023
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
18,523
 
18,523
 
Other creditors
14,691
 
14,691
 
33,214
 
33,214
 

8 Controlling party

The ultimate parent company is OHC Group Limited, a company registered in England and Wales. O.H. Cohen owns 100% of the share capital of OHC Group Limited.