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REGISTERED NUMBER: 03942287 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HOMEMOVE (PROPERTY MANAGEMENT) LIMITED

HOMEMOVE (PROPERTY MANAGEMENT) LIMITED (REGISTERED NUMBER: 03942287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOMEMOVE (PROPERTY MANAGEMENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: K Johnson
P Johnson
RS Johnson





SECRETARY: Ribchesters Group Limited





REGISTERED OFFICE: 7 Old Elvet
Durham
DH1 3HL





REGISTERED NUMBER: 03942287 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

HOMEMOVE (PROPERTY MANAGEMENT) LIMITED (REGISTERED NUMBER: 03942287)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 93,047 108,547
Tangible assets 5 5,539 8,439
98,586 116,986

CURRENT ASSETS
Debtors 6 247,643 150,506
Cash at bank and in hand 30,789 48,498
278,432 199,004
CREDITORS
Amounts falling due within one year 7 315,516 272,678
NET CURRENT LIABILITIES (37,084 ) (73,674 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,502

43,312

PROVISIONS FOR LIABILITIES 924 1,591
NET ASSETS 60,578 41,721

CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 50 50
Retained earnings 60,478 41,621
SHAREHOLDERS' FUNDS 60,578 41,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

HOMEMOVE (PROPERTY MANAGEMENT) LIMITED (REGISTERED NUMBER: 03942287)

BALANCE SHEET - continued
30 APRIL 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





K Johnson - Director


HOMEMOVE (PROPERTY MANAGEMENT) LIMITED (REGISTERED NUMBER: 03942287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Homemove (Property Management) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Turnover is recognised when the service is deemed to be complete to the extent that there is a right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Computer equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HOMEMOVE (PROPERTY MANAGEMENT) LIMITED (REGISTERED NUMBER: 03942287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Franchise
The Franchise purchased on commencement of the business has now been fully amortised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 116,300 25,000 141,300
AMORTISATION
At 1 May 2023 7,753 25,000 32,753
Charge for year 15,500 - 15,500
At 30 April 2024 23,253 25,000 48,253
NET BOOK VALUE
At 30 April 2024 93,047 - 93,047
At 30 April 2023 108,547 - 108,547

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 61,088
Disposals (26,465 )
At 30 April 2024 34,623
DEPRECIATION
At 1 May 2023 52,649
Charge for year 2,900
Eliminated on disposal (26,465 )
At 30 April 2024 29,084
NET BOOK VALUE
At 30 April 2024 5,539
At 30 April 2023 8,439

HOMEMOVE (PROPERTY MANAGEMENT) LIMITED (REGISTERED NUMBER: 03942287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,724 55,668
Other debtors 179,919 94,838
247,643 150,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,329 7,293
Taxation and social security 43,823 38,792
Other creditors 262,364 226,593
315,516 272,678

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1.00 50 50

9. RELATED PARTY DISCLOSURES

The company has transactions with other companies where one or more directors are directors and/or shareholders in those companies. Long-standing debtor balances are due from these companies at the balance sheet date totalling £71,282 (2023: £69,342). No interest is being charged on these balances.

The company has transactions with another company where one or more directors are directors and/or shareholders in that company. A creditor balance is due to this company at the balance sheet date totalling £60,116 (2023: £36,098). No interest is being charged on the balance.

During the year a Director maintained an interest-free loan to the company. At the balance sheet date the total amount outstanding was £139,677 (2023 £151,772).