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REGISTERED NUMBER: 01989363 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Home For Life (Housing) Limited

Home For Life (Housing) Limited (Registered number: 01989363)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Home For Life (Housing) Limited (Registered number: 01989363)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,167 2,890
Investments 5 8,615,100 8,615,100
Investment property 6 977,394 1,187,808
9,594,661 9,805,798

Current assets
Debtors 7 - 398,765
Cash at bank 850,570 866,777
850,570 1,265,542
Creditors
Amounts falling due within one year 8 8,520,677 9,156,440
Net current liabilities (7,670,107 ) (7,890,898 )
Total assets less current liabilities 1,924,554 1,914,900

Capital and reserves
Called up share capital 12,500 12,500
Retained earnings 1,912,054 1,902,400
Shareholders' funds 1,924,554 1,914,900

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.

Home For Life (Housing) Limited (Registered number: 01989363)

Balance Sheet - continued
30 June 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 Income and Retained Earnings has not been delivered.

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





R A Green - Director


Home For Life (Housing) Limited (Registered number: 01989363)

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

1. Statutory information

Home For Life (Housing) Limited 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: 01989363

Registered office: First Floor 7 Cadbury Close
1379 High Road
London
N20 9BD

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 represents rents receivable from investment properties held.

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 reducing balance

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

Investment property
Investment property is shown at cost with no depreciation charged.

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.


Home For Life (Housing) Limited (Registered number: 01989363)

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

2. Accounting policies - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 3 (2023 - 4 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 July 2023
and 30 June 2024 26,459
Depreciation
At 1 July 2023 23,569
Charge for year 723
At 30 June 2024 24,292
Net book value
At 30 June 2024 2,167
At 30 June 2023 2,890

Home For Life (Housing) Limited (Registered number: 01989363)

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

5. Fixed asset investments
Shares in
group Other
undertakings investments Totals
£    £    £   
Cost
At 1 July 2023
and 30 June 2024 7,366,109 1,248,991 8,615,100
Net book value
At 30 June 2024 7,366,109 1,248,991 8,615,100
At 30 June 2023 7,366,109 1,248,991 8,615,100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Home for Life Limited
Registered office:
Nature of business: Management services
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,896,436 1,882,005
Profit for the year 14,431 43,317

6. Investment property
Total
£   
Fair value
At 1 July 2023 1,187,808
Disposals (210,414 )
At 30 June 2024 977,394
Net book value
At 30 June 2024 977,394
At 30 June 2023 1,187,808

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings - 398,765

Home For Life (Housing) Limited (Registered number: 01989363)

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

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Amounts owed to group undertakings 3,532,507 2,659,272
Corporation tax 494 -
Other creditors 358,531 397,415
Directors' loan accounts 4,629,145 6,099,753
8,520,677 9,156,440

9. 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.

10. Ultimate controlling party

The ultimate controlling parties are D A Green and V A Green, two of the directors, as each own 50% of the issued share capital of the company.