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REGISTERED NUMBER: SC469475 (Scotland)
















Unaudited Financial Statements

for the Year Ended 30 March 2024

for

A House 2 Home Limited

A House 2 Home Limited (Registered number: SC469475)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A House 2 Home Limited

Company Information
for the Year Ended 30 March 2024







DIRECTORS: Dean Cooper
Leone Gordon





REGISTERED OFFICE: Westburn Business Centre
McNee Road
Prestwick
Ayrshire
KA9 2PB





REGISTERED NUMBER: SC469475 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

A House 2 Home Limited (Registered number: SC469475)

Statement of Financial Position
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,079 22,079
Investment property 5 252,242 252,242
274,321 274,321

CURRENT ASSETS
Cash at bank and in hand 2,200 1,262

CREDITORS
Amounts falling due within one year 6 112,231 118,464
NET CURRENT LIABILITIES (110,031 ) (117,202 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,290

157,119

CREDITORS
Amounts falling due after more than one
year

7

(112,500

)

(112,500

)

PROVISIONS FOR LIABILITIES (2,381 ) (1,833 )
NET ASSETS 49,409 42,786

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 9 28,670 28,670
Retained earnings 20,737 14,114
SHAREHOLDERS' FUNDS 49,409 42,786

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

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

A House 2 Home Limited (Registered number: SC469475)

Statement of Financial Position - continued
30 March 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by:




Leone Gordon - Director



Dean Cooper - Director


A House 2 Home Limited (Registered number: SC469475)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

A House 2 Home Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
The financial statements have been prepared on a going concern basis based upon the continued funding from an associated business in which the Directors' hold the entire issued share capital and the continued support of the Directors' themselves.

On this basis, the accounts have been prepared on a going concern basis.

Turnover/revenue recognition
Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the company's activities. Turnover in the year represents rental income from the letting of investment in and management of letting properties.

The company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the company's activities are met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Camper Van - 15% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property
Under FRS 102, investment properties should be measured at their fair value at each reporting date, with changes in fair value recognised through the Profit & Loss Account.

The standard also requires the company to provide for deferred tax on the timing difference arising on the date of transition, which represents the full revaluation gain less indexed cost.

A House 2 Home Limited (Registered number: SC469475)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities
Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments
A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

A House 2 Home Limited (Registered number: SC469475)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

4. TANGIBLE FIXED ASSETS
Camper
Van
£   
COST
At 31 March 2023
and 30 March 2024 36,790
DEPRECIATION
At 31 March 2023
and 30 March 2024 14,711
NET BOOK VALUE
At 30 March 2024 22,079
At 30 March 2023 22,079

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023
and 30 March 2024 252,242
NET BOOK VALUE
At 30 March 2024 252,242
At 30 March 2023 252,242

Fair value at 30 March 2024 is represented by:
£   
Valuation in 2017 31,377
Cost 220,865
252,242

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to related party 80,523 79,035
Taxation and social security 2,483 3,121
Other creditors 29,225 36,308
112,231 118,464

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 112,500 112,500

A House 2 Home Limited (Registered number: SC469475)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loan more 5 yr by instal 112,500 112,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 112,500 112,500

The bank loan is secured by way of a standard security over one of the company's investment properties.

9. RESERVES
Non-distributable
reserve
£   
At 31 March 2023
and 30 March 2024 28,670

10. RELATED PARTY DISCLOSURES

Varius Ltd, is a company in which the directors own 100% of the issued share capital and is therefore a related party. As at 30 March 2024, a balance of £80,523 (2023: £79,035) was owed to Varius Ltd by A House 2 Home Ltd. This loan is unsecured, interest free and has no fixed repayment terms.

Directors' loan account
The company operates a loan account with the directors. At the year end, the balance due to the directors was £25,925 (2023: £32,605). This loan is unsecured, interest free and has no fixed repayment terms.

11. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr D Cooper and Ms L Gordon by virtue of their 100% shareholding in the company.