IRIS Accounts Production v24.3.2.46 11334363 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113343632023-04-30113343632024-04-30113343632023-05-012024-04-30113343632022-04-30113343632022-05-012023-04-30113343632023-04-3011334363ns15:EnglandWales2023-05-012024-04-3011334363ns14:PoundSterling2023-05-012024-04-3011334363ns10:Director12023-05-012024-04-3011334363ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011334363ns10:SmallEntities2023-05-012024-04-3011334363ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011334363ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011334363ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011334363ns10:FullAccounts2023-05-012024-04-301133436312023-05-012024-04-3011334363ns10:RegisteredOffice2023-05-012024-04-3011334363ns5:CurrentFinancialInstruments2024-04-3011334363ns5:CurrentFinancialInstruments2023-04-3011334363ns5:ShareCapital2024-04-3011334363ns5:ShareCapital2023-04-3011334363ns5:RetainedEarningsAccumulatedLosses2024-04-3011334363ns5:RetainedEarningsAccumulatedLosses2023-04-3011334363ns5:NetGoodwill2023-05-012024-04-3011334363ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3011334363ns5:FurnitureFittings2023-05-012024-04-3011334363ns5:ComputerEquipment2023-05-012024-04-3011334363ns5:NetGoodwill2023-04-3011334363ns5:NetGoodwill2024-04-3011334363ns5:NetGoodwill2023-04-3011334363ns5:FurnitureFittings2023-04-3011334363ns5:ComputerEquipment2023-04-3011334363ns5:FurnitureFittings2024-04-3011334363ns5:ComputerEquipment2024-04-3011334363ns5:FurnitureFittings2023-04-3011334363ns5:ComputerEquipment2023-04-3011334363ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3011334363ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 11334363 (England and Wales)














HOME FAIR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






HOME FAIR LIMITED (REGISTERED NUMBER: 11334363)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HOME FAIR LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: B A I Durrant





REGISTERED OFFICE: 227 Oxgate House
Entrance B2
Oxgate Lane
London
NW2 7FS





REGISTERED NUMBER: 11334363 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

HOME FAIR LIMITED (REGISTERED NUMBER: 11334363)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 4,748 5,936
Tangible assets 6 2,290 1,973
7,038 7,909

CURRENT ASSETS
Stocks 7 26,529 21,926
Debtors 8 31,974 37,929
Cash at bank 3,727 346
62,230 60,201
CREDITORS
Amounts falling due within one year 9 68,869 66,175
NET CURRENT LIABILITIES (6,639 ) (5,974 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

399

1,935

PROVISIONS FOR LIABILITIES 354 375
NET ASSETS 45 1,560

CAPITAL AND RESERVES
Called up, paid and allotted share capital 1 1
Retained earnings 44 1,559
SHAREHOLDERS' FUNDS 45 1,560

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 FAIR LIMITED (REGISTERED NUMBER: 11334363)

STATEMENT OF FINANCIAL POSITION - continued
30 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





B A I Durrant - Director


HOME FAIR LIMITED (REGISTERED NUMBER: 11334363)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Home Fair 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which is considered appropriate by the director as the company operates within its agreed banking facilities and with the support of the director.

Turnover
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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

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

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
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


HOME FAIR LIMITED (REGISTERED NUMBER: 11334363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 9,500
AMORTISATION
At 1 May 2023 3,564
Charge for year 1,188
At 30 April 2024 4,752
NET BOOK VALUE
At 30 April 2024 4,748
At 30 April 2023 5,936

HOME FAIR LIMITED (REGISTERED NUMBER: 11334363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 3,615 1,064 4,679
Additions - 1,083 1,083
At 30 April 2024 3,615 2,147 5,762
DEPRECIATION
At 1 May 2023 2,090 616 2,706
Charge for year 382 384 766
At 30 April 2024 2,472 1,000 3,472
NET BOOK VALUE
At 30 April 2024 1,143 1,147 2,290
At 30 April 2023 1,525 448 1,973

7. STOCKS
2024 2023
£    £   
Stocks 26,529 21,926

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,474 25,981
Other debtors 6,500 11,948
31,974 37,929

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,357 23,941
Taxation and social security 4,945 674
Other creditors 46,567 41,560
68,869 66,175

10. RELATED PARTY DISCLOSURES

The director and a close family member of the director and shareholder have supported the company with loans. During the year, additional loans in aggregate of £3,407 were provided to the company. At the year end the related parties were owed £43,022.