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REGISTERED NUMBER: 06304407 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 June 2024

for

Homesearch Services Limited

Homesearch Services Limited (Registered number: 06304407)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Homesearch Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Stephen Crompton
Ms Karen Margaret Woods



SECRETARY: Mr Stephen Crompton



REGISTERED OFFICE: The Orchids
Princess Road
Lostock
Bolton
Lancashire
BL6 4DS



REGISTERED NUMBER: 06304407 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Virgin Money

Homesearch Services Limited (Registered number: 06304407)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46 439
46 439

CURRENT ASSETS
Debtors 6 15,408 34,489
Cash at bank 68,820 27,711
84,228 62,200
CREDITORS
Amounts falling due within one year 7 (35,238 ) (24,020 )
NET CURRENT ASSETS 48,990 38,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,036

38,619

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 48,036 37,619
SHAREHOLDERS' FUNDS 49,036 38,619

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

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

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2024 and were signed on its behalf by:



Mr Stephen Crompton - Director


Homesearch Services Limited (Registered number: 06304407)

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

1. STATUTORY INFORMATION

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

Intangible fixed assets
Intangible fixed assets are initially measured at cost. After initial recognition, intangible fixed assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The assets consist of a franchise purchased from NSS Franchising Limited commencing 13 August 2007. The cost of the franchise was amortised over its expected economic life of two years.

Franchise fees are charged to the profit and loss account.

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 - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Homesearch Services Limited (Registered number: 06304407)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
£   
COST
At 1 July 2023
and 30 June 2024 17,625
AMORTISATION
At 1 July 2023
and 30 June 2024 17,625
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 708 4,191 4,899
Disposals - (3,435 ) (3,435 )
At 30 June 2024 708 756 1,464
DEPRECIATION
At 1 July 2023 708 3,752 4,460
Charge for year - 393 393
Eliminated on disposal - (3,435 ) (3,435 )
At 30 June 2024 708 710 1,418
NET BOOK VALUE
At 30 June 2024 - 46 46
At 30 June 2023 - 439 439

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,649 32,247
Other debtors 1,759 2,242
15,408 34,489

Homesearch Services Limited (Registered number: 06304407)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,737 13,140
Taxation and social security 14,949 9,173
Other creditors 5,552 1,707
35,238 24,020

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Russell & Russell Solicitors LLP by way of it's 100% shareholding which it acquired on 1st November 2023.