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REGISTERED NUMBER: 04003421 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

HOMEREACH LIMITED

HOMEREACH LIMITED (REGISTERED NUMBER: 04003421)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


HOMEREACH LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr A McCready
Miss D H Spears





REGISTERED OFFICE: C/O Butterworth Barlow
Butterworth Barlow House
10 Derby Street
Liverpool
Merseyside
L34 3LG





REGISTERED NUMBER: 04003421 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Homereach Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Homereach Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Homereach Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Homereach Limited and state those matters that we have agreed to state to the Board of Directors of Homereach Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Homereach Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Homereach Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Homereach Limited. You consider that Homereach Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Homereach Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants
Liverpool


29 January 2025

HOMEREACH LIMITED (REGISTERED NUMBER: 04003421)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,038 1,221
Investment property 5 2,853,432 2,853,432
2,854,470 2,854,653

CURRENT ASSETS
Debtors 6 135,001 191,366
Cash at bank 70,128 39,723
205,129 231,089
CREDITORS
Amounts falling due within one year 7 42,299 40,687
NET CURRENT ASSETS 162,830 190,402
TOTAL ASSETS LESS CURRENT LIABILITIES 3,017,300 3,045,055

CREDITORS
Amounts falling due after more than one year 8 (2,051,760 ) (2,086,343 )

PROVISIONS FOR LIABILITIES (139,974 ) (139,974 )
NET ASSETS 825,566 818,738

CAPITAL AND RESERVES
Called up share capital 982 982
Fair value reserve 9 683,405 683,405
Retained earnings 141,179 134,351
SHAREHOLDERS' FUNDS 825,566 818,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

HOMEREACH LIMITED (REGISTERED NUMBER: 04003421)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr A McCready - Director


HOMEREACH LIMITED (REGISTERED NUMBER: 04003421)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Homereach 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable for the year.

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 - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

HOMEREACH LIMITED (REGISTERED NUMBER: 04003421)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 42,188
DEPRECIATION
At 1 June 2023 40,967
Charge for year 183
At 31 May 2024 41,150
NET BOOK VALUE
At 31 May 2024 1,038
At 31 May 2023 1,221

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 2,853,432
NET BOOK VALUE
At 31 May 2024 2,853,432
At 31 May 2023 2,853,432

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2007 1,284,145
Valuation in 2010 (460,766 )
Cost 2,030,053
2,853,432

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 135,001 191,366

HOMEREACH LIMITED (REGISTERED NUMBER: 04003421)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 35,725 34,973
Taxation and social security 688 688
Other creditors 5,886 5,026
42,299 40,687

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 2,051,760 2,086,343

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,719,364 1,719,368

Repayable by instalments
Bank loans more 5 yr by instal 211,527 238,606

9. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 683,405

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mr A McCready
Balance outstanding at start of year 119,500 133,755
Amounts advanced 59,278 113,399
Amounts repaid (105,643 ) (127,654 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,135 119,500