Registered number
13136033
HOMEFLAIR DEVELOPMENT LIMITED
Filleted Accounts
31 January 2024
HOMEFLAIR DEVELOPMENT LIMITED
Registered number: 13136033
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 800,157 800,157
Current assets
Debtors 4 17,500 -
Cash at bank and in hand 54 4,766
17,554 4,766
Creditors: amounts falling due within one year 5 (259,889) (267,066)
Net current liabilities (242,335) (262,300)
Total assets less current liabilities 557,822 537,857
Creditors: amounts falling due after more than one year 6 (521,460) (533,486)
Net assets 36,362 4,371
Capital and reserves
Called up share capital 1 1
Profit and loss account 36,361 4,370
Shareholder's funds 36,362 4,371
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Waqas Khan
Director
Approved by the board on 23 October 2024
HOMEFLAIR DEVELOPMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2023 800,157
At 31 January 2024 800,157
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 800,157
At 31 January 2023 800,157
4 Debtors 2024 2023
£ £
Trade debtors 17,500 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,000 2,000
Taxation and social security costs 1,025 1,025
Other creditors 254,864 264,041
259,889 267,066
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 521,460 533,486
7 Other information
HOMEFLAIR DEVELOPMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
24 Broom Lane
Rotherham
S60 3EL
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