Homesdale Developments Ltd 15027083 false 2023-07-25 2024-07-31 2024-07-31 The principal activity of the company is real estate letting. Digita Accounts Production Advanced 6.30.9574.0 true 15027083 2023-07-25 2024-07-31 15027083 2024-07-31 15027083 core:RetainedEarningsAccumulatedLosses 2024-07-31 15027083 core:ShareCapital 2024-07-31 15027083 core:CurrentFinancialInstruments 2024-07-31 15027083 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 15027083 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 15027083 core:FurnitureFittingsToolsEquipment 2024-07-31 15027083 bus:SmallEntities 2023-07-25 2024-07-31 15027083 bus:AuditExemptWithAccountantsReport 2023-07-25 2024-07-31 15027083 bus:FilletedAccounts 2023-07-25 2024-07-31 15027083 bus:SmallCompaniesRegimeForAccounts 2023-07-25 2024-07-31 15027083 bus:RegisteredOffice 2023-07-25 2024-07-31 15027083 bus:Director1 2023-07-25 2024-07-31 15027083 bus:PrivateLimitedCompanyLtd 2023-07-25 2024-07-31 15027083 core:FurnitureFittingsToolsEquipment 2023-07-25 2024-07-31 15027083 core:OfficeEquipment 2023-07-25 2024-07-31 15027083 countries:EnglandWales 2023-07-25 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 15027083

Homesdale Developments Ltd

Unaudited Financial Statements

for the Period from 25 July 2023 to 31 July 2024

 

Homesdale Developments Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Homesdale Developments Ltd

(Registration number: 15027083)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

315

Current assets

 

Stocks

5

1,692,418

Debtors

6

14,315

Cash at bank and in hand

 

37,946

 

1,744,679

Creditors: Amounts falling due within one year

7

(649)

Net current assets

 

1,744,030

Total assets less current liabilities

 

1,744,345

Creditors: Amounts falling due after more than one year

7

(1,743,489)

Net assets

 

856

Capital and reserves

 

Called up share capital

100

Retained earnings

756

Shareholders' funds

 

856

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

.........................................
Mr L O J Ballard
Director

 

Homesdale Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 7-9 Macon Court
Herald Drive
Crewe
CW1 6EA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% Reducing Balance

 

Homesdale Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 July 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Homesdale Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

420

420

At 31 July 2024

420

420

Depreciation

Charge for the period

105

105

At 31 July 2024

105

105

Carrying amount

At 31 July 2024

315

315

5

Stocks

2024
£

Other inventories

1,692,418

6

Debtors

2024
£

Prepayments

14,215

Other debtors

100

14,315

 

Homesdale Developments Ltd

Notes to the Unaudited Financial Statements for the Period from 25 July 2023 to 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

60

Taxation and social security

139

Accruals and deferred income

450

649

Creditors: amounts falling due after more than one year

2024
£

Due after one year

Amounts owed to related parties

1,743,489