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Registered number: 08933726
Homzz Investments Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
IHB Accountants Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Homzz Investments Ltd For The Year Ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Homzz Investments Ltd which comprise the Profit and Loss Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Homzz Investments Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Homzz Investments Ltd and state those matters that we have agreed to state to the directors of Homzz Investments Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Homzz Investments Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Homzz Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Homzz Investments Ltd . You consider that Homzz Investments Ltd 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 accounts of Homzz Investments Ltd . 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 financial statements.
Signed
IHB Accountants
29 November 2024
IHB Accountants Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Page 1
Page 2
Balance Sheet
Registered number: 08933726
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 253 337
253 337
CURRENT ASSETS
Debtors 4 157,407 112,407
Cash at bank and in hand 2,277 67,973
159,684 180,380
Creditors: Amounts Falling Due Within One Year 5 (1,410 ) (1,410 )
NET CURRENT ASSETS (LIABILITIES) 158,274 178,970
TOTAL ASSETS LESS CURRENT LIABILITIES 158,527 179,307
NET ASSETS 158,527 179,307
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 158,427 179,207
SHAREHOLDERS' FUNDS 158,527 179,307
Page 2
Page 3
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mohammed Nadeem
Director
29 November 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
3. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 3,000 1,800 4,800
As at 30 June 2024 3,000 1,800 4,800
Depreciation
As at 1 July 2023 2,789 1,674 4,463
Provided during the period 53 31 84
As at 30 June 2024 2,842 1,705 4,547
Net Book Value
As at 30 June 2024 158 95 253
As at 1 July 2023 211 126 337
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 157,407 112,407
Page 4
Page 5
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,410 1,410
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 20,000 20,000
8. Related Party Transactions
Included in other debtors is an amount of £84,551 (2023 - £84,551) owed by Hotspots Management UK Limited, which is owned by one of the director Shafiq Akbar.
In other debtors is an amount of £27,857 (2023 - £27,857) is payable by Veks Properties (U.K) Limited. The company is owned by Mr S V Patel.
In other debtors is an amount of £45,000 which is payable by Mr Shanti Patel. 
9. Ultimate Controlling Party
The company is not controlled by any party.
Page 5