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REGISTERED NUMBER: 05818592 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

HMO (MANAGEMENT) LIMITED

HMO (MANAGEMENT) LIMITED (REGISTERED NUMBER: 05818592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


HMO (MANAGEMENT) LIMITED (REGISTERED NUMBER: 05818592)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,917 87,504

CURRENT ASSETS
Debtors 5 189,369 149,303
Cash at bank 174,260 129,354
363,629 278,657
CREDITORS
Amounts falling due within one year 6 174,669 113,658
NET CURRENT ASSETS 188,960 164,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,877

252,503

CREDITORS
Amounts falling due after more than one year 7 (66,466 ) (71,129 )

PROVISIONS FOR LIABILITIES (13,492 ) (10,774 )
NET ASSETS 191,919 170,600

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 191,869 170,550
191,919 170,600

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

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

HMO (MANAGEMENT) LIMITED (REGISTERED NUMBER: 05818592)

BALANCE SHEET - continued
31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





M L Green - Director


HMO (MANAGEMENT) LIMITED (REGISTERED NUMBER: 05818592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

HMO (Management) 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: 05818592

Registered office: 509 Wilmslow Road
Withington
Manchester
M20 4BA

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% straight line
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33.3% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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 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.

HMO (MANAGEMENT) LIMITED (REGISTERED NUMBER: 05818592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 5,411 6,852 92,725 553 105,541
Additions - - 62,099 489 62,588
Disposals - - (59,960 ) - (59,960 )
At 31 July 2024 5,411 6,852 94,864 1,042 108,169
DEPRECIATION
At 1 August 2023 2,930 5,558 9,273 276 18,037
Charge for year 541 323 14,806 239 15,909
Eliminated on disposal - - (8,694 ) - (8,694 )
At 31 July 2024 3,471 5,881 15,385 515 25,252
NET BOOK VALUE
At 31 July 2024 1,940 971 79,479 527 82,917
At 31 July 2023 2,481 1,294 83,452 277 87,504

HMO (MANAGEMENT) LIMITED (REGISTERED NUMBER: 05818592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 92,725
Additions 62,099
Disposals (59,960 )
At 31 July 2024 94,864
DEPRECIATION
At 1 August 2023 9,273
Charge for year 14,806
Eliminated on disposal (8,694 )
At 31 July 2024 15,385
NET BOOK VALUE
At 31 July 2024 79,479
At 31 July 2023 83,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 189,369 149,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 71,024 13,909
Trade creditors 430 -
Taxation and social security 90,215 89,365
Other creditors 13,000 10,384
174,669 113,658

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 66,466 71,129

HMO (MANAGEMENT) LIMITED (REGISTERED NUMBER: 05818592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, director and shareholder M Green withdrew funds totalling £7,040 (2023 £10,000) from the company whilst repaying £9,623 (2023 £9,995). After accounting for interest charged at the market rate, £48,461 (2023 £51,043) was due to the company from M Green at the balance sheet date. The loan is repayable on demand.

During the year, director and shareholder A Flax withdrew funds totalling £1,659 (2023 £5) from the company whilst repaying £4,564 (2023 £nil). After accounting for interest charged at the market rate, £57,281 (2023 £60,186) was due to the company from A Flax at the balance sheet date. The loan is repayable on demand.