HOME OF PROPERTY LTD

Company Registration Number:
06804475 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

HOME OF PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

HOME OF PROPERTY LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 138,657 180,785
Tangible assets: 4 5,722 60,983
Total fixed assets: 144,379 241,768
Current assets
Debtors: 5 980,227 1,029,870
Cash at bank and in hand: 678,163 1,126,505
Total current assets: 1,658,390 2,156,375
Creditors: amounts falling due within one year:   (880,674) (1,334,833)
Net current assets (liabilities): 777,716 821,542
Total assets less current liabilities: 922,095 1,063,310
Creditors: amounts falling due after more than one year: 6   (116,666)
Provision for liabilities: (14,224) (14,224)
Total net assets (liabilities): 907,871 932,420
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 907,869 932,418
Shareholders funds: 907,871 932,420

The notes form part of these financial statements

HOME OF PROPERTY LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 January 2025
and signed on behalf of the board by:

Name: Ian Sutherland
Status: Director

The notes form part of these financial statements

HOME OF PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HOME OF PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 24 24

HOME OF PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible Assets

Total
Cost £
At 01 February 2023 421,280
At 31 January 2024 421,280
Amortisation
At 01 February 2023 240,495
Charge for year 42,128
At 31 January 2024 282,623
Net book value
At 31 January 2024 138,657
At 31 January 2023 180,785

HOME OF PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 362,535
Disposals (3,000)
At 31 January 2024 359,535
Depreciation
At 01 February 2023 301,552
Charge for year 55,261
On disposals (3,000)
At 31 January 2024 353,813
Net book value
At 31 January 2024 5,722
At 31 January 2023 60,983

HOME OF PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

HOME OF PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

Loans (unsecured) - 2023 £116,674

HOME OF PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Related party transactions

Name of the related party: Coburg House
Relationship:
Same directors
Description of the Transaction: During the year Coburg House Limited, a company controlled by the directors was paid rent of £12,000 (2023, £12,000).
£
Balance at 01 February 2023 12,000
Balance at 31 January 2024 12,000
Name of the related party: Coburg House
Relationship:
Same directors
Description of the Transaction: Other debtors at the year end include Coburg House Limited who owed the company £898,610 (2023, £461,268), no interest is payable on this loan.
£
Balance at 01 February 2023 461,268
Balance at 31 January 2024 898,610
Name of the related party:
Relationship:
Associated company
Description of the Transaction: Other debtors also include HOP Development Limited, an associated company who owed nil (2023 £465,440) at the year end, no interest is payable on this loan.
£
Balance at 01 February 2023 465,440
Balance at 31 January 2024 0

HOME OF PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

8. Post balance sheet events

On 24th May 2024, the Company was acquired by Linley & Simpson Limited. H Gidney & L Gidney resigned as directors on 24th May 2024. I Sutherland and M Elliott were appointed as directors on 24th May 2024. M Elliott subsequently resigned on 12 December 2024.