Company registration number 08182273 (England and Wales)
HOMDEN PROPERTY LAWYERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
HOMDEN PROPERTY LAWYERS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HOMDEN PROPERTY LAWYERS LIMITED (REGISTERED NUMBER: 08182273)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,476
5,818
Current assets
Debtors
4
20,721
97,223
Cash at bank and in hand
944,243
7,477
964,964
104,700
Creditors: amounts falling due within one year
5
(883,706)
(27,230)
Net current assets
81,258
77,470
Total assets less current liabilities
90,734
83,288
Provisions for liabilities
(1,953)
(1,165)
Net assets
88,781
82,123
Capital and reserves
Called up share capital
5
5
Profit and loss reserves
88,776
82,118
Total equity
88,781
82,123

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 24 October 2024 and are signed on its behalf by:
Mrs L Homden
Director
HOMDEN PROPERTY LAWYERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Homden Property Lawyers Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit L1, Temple Court, Knight Road, Rochester, Kent, ME2 2LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable management activities.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
25% on cost
Fixtures, fittings & equipment
20% on reducing balance
Computer equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
2
HOMDEN PROPERTY LAWYERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Land and buildings Leasehold
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2023
3,825
24,172
-
0
27,997
Additions
-
0
1,184
4,139
5,323
At 31 March 2024
3,825
25,356
4,139
33,320
Depreciation and impairment
At 1 April 2023
3,825
18,354
-
0
22,179
Depreciation charged in the year
-
0
1,258
407
1,665
At 31 March 2024
3,825
19,612
407
23,844
Carrying amount
At 31 March 2024
-
0
5,744
3,732
9,476
At 31 March 2023
-
0
5,818
-
0
5,818
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
20,322
Other debtors
20,721
76,901
20,721
97,223
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
40,702
10,642
Other creditors
843,004
16,588
883,706
27,230
HOMDEN PROPERTY LAWYERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
6
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
10,800
10,800
7
Related party transactions

During the year, the company raised management charges of £56,000 (2023: £120,000) to a connected entity.

2024-03-312023-04-01falsefalsefalse24 October 2024CCH SoftwareCCH Accounts Production 2024.301No description of principal activityMrs L HomdenP Homden EsqMr M R Homden081822732023-04-012024-03-31081822732024-03-31081822732023-03-3108182273core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-03-3108182273core:FurnitureFittings2024-03-3108182273core:ComputerEquipment2024-03-3108182273core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-03-3108182273core:FurnitureFittings2023-03-3108182273core:ComputerEquipment2023-03-3108182273core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3108182273core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3108182273core:CurrentFinancialInstruments2024-03-3108182273core:CurrentFinancialInstruments2023-03-3108182273core:ShareCapital2024-03-3108182273core:ShareCapital2023-03-3108182273core:RetainedEarningsAccumulatedLosses2024-03-3108182273core:RetainedEarningsAccumulatedLosses2023-03-3108182273bus:Director12023-04-012024-03-3108182273core:LandBuildingscore:LongLeaseholdAssets2023-04-012024-03-3108182273core:FurnitureFittings2023-04-012024-03-3108182273core:ComputerEquipment2023-04-012024-03-31081822732022-04-012023-03-3108182273core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-03-3108182273core:FurnitureFittings2023-03-3108182273core:ComputerEquipment2023-03-31081822732023-03-3108182273core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-04-012024-03-3108182273core:WithinOneYear2024-03-3108182273core:WithinOneYear2023-03-3108182273bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108182273bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108182273bus:FRS1022023-04-012024-03-3108182273bus:AuditExemptWithAccountantsReport2023-04-012024-03-3108182273bus:Director22023-04-012024-03-3108182273bus:Director32023-04-012024-03-3108182273bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP