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Company registration number: 12041689
Welcome Home Lets Limited
Unaudited filleted financial statements
30 June 2024
Welcome Home Lets Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Welcome Home Lets Limited
Directors and other information
Director Mr Darren Price
Company number 12041689
Registered office 20 Oakleaf Drive
Polegate
BN26 6PY
Accountants Dickson Middleton
20 Barnton Street
Stirling
FK8 1NA
Welcome Home Lets Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Welcome Home Lets Limited
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Welcome Home Lets Limited for the year ended 30 June 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of Welcome Home Lets Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Welcome Home Lets Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Welcome Home Lets Limited and its director as a body for our work or for this report.
It is your duty to ensure that Welcome Home Lets 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 Welcome Home Lets Limited. You consider that Welcome Home Lets 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 Welcome Home Lets 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.
Dickson Middleton
Chartered Accountants
20 Barnton Street
Stirling
FK8 1NA
13 March 2025
Welcome Home Lets Limited
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 4 18,314 17,577
Cash at bank and in hand 314 19
_______ _______
18,628 17,596
Creditors: amounts falling due
within one year 5 ( 25,500) ( 26,170)
_______ _______
Net current liabilities ( 6,872) ( 8,574)
_______ _______
Total assets less current liabilities ( 6,872) ( 8,574)
_______ _______
Net liabilities ( 6,872) ( 8,574)
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account ( 6,873) ( 8,575)
_______ _______
Shareholder deficit ( 6,872) ( 8,574)
_______ _______
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 13 March 2025 , and are signed on behalf of the board by:
Mr Darren Price
Director
Company registration number: 12041689
Welcome Home Lets Limited
Notes to the financial statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 20 Oakleaf Drive, Polegate, BN26 6PY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for rentals.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024 2023
£ £
Other debtors 18,314 17,577
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to related entities 23,250 25,170
Other creditors 2,250 1,000
_______ _______
25,500 26,170
_______ _______