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Company Registration No. 12679460 (England and Wales)
Homesly Properties Ltd Unaudited accounts for the year ended 30 June 2024
Homesly Properties Ltd Unaudited accounts Contents
Page
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Homesly Properties Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,823,000 
1,200,200 
Current assets
Debtors
90,140 
5,650 
Cash at bank and in hand
127,531 
6,543 
217,671 
12,193 
Creditors: amounts falling due within one year
(148,744)
(7,704)
Net current assets
68,927 
4,489 
Total assets less current liabilities
1,891,927 
1,204,689 
Creditors: amounts falling due after more than one year
(1,559,699)
(911,763)
Provisions for liabilities
Deferred tax
(150,000)
(98,762)
Net assets
182,228 
194,164 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
182,226 
194,162 
Shareholders' funds
182,228 
194,164 
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by
Sudhir Talluri Director Company Registration No. 12679460
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Homesly Properties Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Homesly Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12679460. The registered office is 810 Sidcup Road, London, SE9 3NS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
1,200,200 
Additions
417,850 
Net gain from fair value adjustments
204,950 
At 30 June 2024
1,823,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
90,140 
5,650 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
148,744 
7,704 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,019,956 
534,925 
Other creditors
539,743 
376,838 
1,559,699 
911,763 
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Homesly Properties Ltd Notes to the Accounts for the year ended 30 June 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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