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REGISTERED NUMBER: 01995601 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Home For Life Limited

Home For Life Limited (Registered number: 01995601)






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 Limited (Registered number: 01995601)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,337 1,783
Investments 5 7,050,000 7,050,000
7,051,337 7,051,783

Current assets
Debtors 6 2,674,272 2,659,272
Cash at bank and in hand 11,272 13,200
2,685,544 2,672,472
Creditors
Amounts falling due within one year 7 7,840,445 7,842,250
Net current liabilities (5,154,901 ) (5,169,778 )
Total assets less current liabilities 1,896,436 1,882,005

Capital and reserves
Called up share capital 8 710,000 710,000
Retained earnings 1,186,436 1,172,005
Shareholders' funds 1,896,436 1,882,005

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 Limited (Registered number: 01995601)

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 Limited (Registered number: 01995601)

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

1. Statutory information

Home For Life 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: 01995601

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

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 3 ) .

Home For Life Limited (Registered number: 01995601)

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

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 July 2023
and 30 June 2024 28,183
Depreciation
At 1 July 2023 26,400
Charge for year 446
At 30 June 2024 26,846
Net book value
At 30 June 2024 1,337
At 30 June 2023 1,783

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 July 2023
and 30 June 2024 7,050,000
Net book value
At 30 June 2024 7,050,000
At 30 June 2023 7,050,000

Home For Life Limited (Registered number: 01995601)

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

5. Fixed asset investments - continued

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

Home for Life (Investments) Limited
Registered office:
Nature of business: Reversionary interests in property
%
Class of shares: holding
Ordinary 100.00
Preference 100.00
2024 2023
£    £   
Aggregate capital and reserves 9,229,674 9,050,320
Profit for the year 179,354 259,460

Home for Life (Properties) Limited
Registered office:
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
Preference 100.00
2024 2023
£    £   
Aggregate capital and reserves 631,499 631,499

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 2,674,272 2,659,272

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Amounts owed to group undertakings 7,828,731 7,823,731
Corporation tax 3,663 10,588
Other creditors 2,400 2,400
Directors' current accounts 4,211 4,211
Accrued expenses 1,440 1,320
7,840,445 7,842,250

Home For Life Limited (Registered number: 01995601)

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

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
710,000 Ordinary £1 710,000 710,000

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 parent company is Home for Life (Housing) Limited, a company controlled by D A Green and V A Green.