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REGISTERED NUMBER: 13325498 (England and Wales)















HOME FINDERS (SWINDON) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2024






HOME FINDERS (SWINDON) LTD (REGISTERED NUMBER: 13325498)

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










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 8


HOME FINDERS (SWINDON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mrs S H Gidney
Mrs S Leeburn



REGISTERED OFFICE: Eastcott House
4 High Street, Old Town
SWINDON
Wiltshire
SN1 3EP



REGISTERED NUMBER: 13325498 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: Nat West Bank Plc
84 Commercial Road
SWINDON
Wiltshire
SN1 5NW

HOME FINDERS (SWINDON) LTD (REGISTERED NUMBER: 13325498)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 76,347 87,254
Property, plant and equipment 5 37,244 39,662
Investments 6 46,378 -
159,969 126,916

CURRENT ASSETS
Debtors 7 99,206 39,831
Cash at bank 1,028,095 937,230
1,127,301 977,061
CREDITORS
Amounts falling due within one year 8 1,188,176 992,490
NET CURRENT LIABILITIES (60,875 ) (15,429 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,094

111,487

CREDITORS
Amounts falling due after more than
one year

9

-

(25,527

)

PROVISIONS FOR LIABILITIES (7,885 ) (6,382 )
NET ASSETS 91,209 79,578

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 91,009 79,378
SHAREHOLDERS' FUNDS 91,209 79,578

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

HOME FINDERS (SWINDON) LTD (REGISTERED NUMBER: 13325498)

STATEMENT OF FINANCIAL POSITION - continued
30TH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:





Mrs S H Gidney - Director


HOME FINDERS (SWINDON) LTD (REGISTERED NUMBER: 13325498)

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


1. STATUTORY INFORMATION

Home Finders (Swindon) Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13325498

Registered office: Eastcott House, 4 High Street, Old Town, Swindon SN1 3EP.

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

2. ACCOUNTING POLICIES

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

Preparation of consolidated financial statements
The financial statements contain information about Home Finders (Swindon) 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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of tangible fixed assets in order to write off the value of each asset over that period.

- Determine the period of useful economic life of goodwill to write off the value over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

HOME FINDERS (SWINDON) LTD (REGISTERED NUMBER: 13325498)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

HOME FINDERS (SWINDON) LTD (REGISTERED NUMBER: 13325498)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 109,067
AMORTISATION
At 1st May 2023 21,813
Charge for year 10,907
At 30th April 2024 32,720
NET BOOK VALUE
At 30th April 2024 76,347
At 30th April 2023 87,254

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st May 2023 52,701
Additions 6,893
At 30th April 2024 59,594
DEPRECIATION
At 1st May 2023 13,039
Charge for year 9,311
At 30th April 2024 22,350
NET BOOK VALUE
At 30th April 2024 37,244
At 30th April 2023 39,662

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
Additions 46,378
At 30th April 2024 46,378
NET BOOK VALUE
At 30th April 2024 46,378

HOME FINDERS (SWINDON) LTD (REGISTERED NUMBER: 13325498)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 22,608 11,126
Amounts owed by group undertakings 1,341 -
Other debtors 75,257 28,705
99,206 39,831

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 60,091 40,272
Taxation and social security 115,140 87,381
Other creditors 1,012,945 864,837
1,188,176 992,490

Other creditors include pension commitments of £3,239 (2023: £2,664), of which £115 (2023: £nil) relates to the company's subsidiary.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans - 25,527

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as
restated
£    £   
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

11. OTHER FINANCIAL COMMITMENTS

The company has financial commitments of £13,693 (2023:£24,686) in respect of leased vehicles and equipment and £41,479 (2023:£61,389) for a leased property.

The company also has financial commitments of £79,500 (2023: £nil) in respect of a leased property that has been undertaken on behalf of its subsidiary.

HOME FINDERS (SWINDON) LTD (REGISTERED NUMBER: 13325498)

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


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
as restated
£    £   
Mrs S Leeburn
Balance outstanding at start of year - -
Amounts advanced 20,961 -
Amounts repaid (20,551 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 410 -

The loan has been provided interest free and was repaid on 31 May 2024.

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.