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Registered Number: 13081668
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 December 2024

for

HOME INVESTMENT PROPERTIES LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 515,975  516,381 
Current assets 12,311  2,689 
Creditors: amount falling due within one year (5,314) (3,850)
Net current assets/(liabilities) 6,997  (1,161)
Total assets less current liabilities 522,972  515,220 
Creditors: amount falling due after more than one year (520,499) (520,499)
Net assets/(liabilities) 2,473  (5,279)
 
Capital and reserves 2,473  (5,279)
 
  1. For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Rajesh Paul Ramkumar
Director

Date approved: 05 February 2025
1
Statutory Information
HOME INVESTMENT PROPERTIES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 13081668, registration address 4 Riddlesdown Avenue, Purley, Surrey, CR8 1JG, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles20% Reducing Balance
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Tangible fixed assets

Cost or Valuation Freehold property   Motor Vehicles   Total
  £   £   £
At 01 January 2024 514,350    3,174    517,524 
Additions    
At 31 December 2024 514,350    3,174    517,524 
Depreciation
At 01 January 2024   1,143    1,143 
Charge for year   406    406 
At 31 December 2024   1,549    1,549 
Net book values
Closing balance as at 31 December 2024 514,350    1,625    515,975 
Opening balance as at 01 January 2024 514,350    2,031    516,381 

3.

Average number of employees

Average number of employees during the year was 0  (2023: 0).
2