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REGISTERED NUMBER: SC312600 (Scotland)












Financial Statements for the Year Ended 31 December 2024

for

HOME IN LTD

HOME IN LTD (REGISTERED NUMBER: SC312600)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOME IN LTD

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J Ritchie





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC312600 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

HOME IN LTD (REGISTERED NUMBER: SC312600)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 452 -

CURRENT ASSETS
Stocks 103,114 103,114
Cash at bank 2,592 1,244
105,706 104,358
CREDITORS
Amounts falling due within one year 5 39,777 38,559
NET CURRENT ASSETS 65,929 65,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,381

65,799

CAPITAL AND RESERVES
Called up share capital 6 6
Share premium 60,000 60,000
Retained earnings 6,375 5,793
SHAREHOLDERS' FUNDS 66,381 65,799

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

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

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:



J Ritchie - Director


HOME IN LTD (REGISTERED NUMBER: SC312600)

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

1. STATUTORY INFORMATION

Home In Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Work in progress
Work in Progress reflects the cost of undeveloped land and associated costs thereof. Profit is therefore unrecognised at this point.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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 1 (2023 - 1 ) .

HOME IN LTD (REGISTERED NUMBER: SC312600)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 678
At 31 December 2024 678
DEPRECIATION
Charge for year 226
At 31 December 2024 226
NET BOOK VALUE
At 31 December 2024 452

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 30 458
Other creditors 39,747 38,101
39,777 38,559

6. RELATED PARTY DISCLOSURES

The company was under the control of the director J Ritchie throughout the current and previous year.

During the year the company repaid the director net amounts totalling £1616. As at 31 December 2024 included within other creditors is a balance outstanding due to the director of £39,4099 (2023 - £37,483). No interest was paid on this loan.