Acorah Software Products - Accounts Production 16.2.850 false true false 20 November 2023 30 November 2024 30 November 2024 15294406 Mr Edward Bowen Mr Giles May iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15294406 2023-11-19 15294406 2024-11-30 15294406 2023-11-20 2024-11-30 15294406 frs-core:CurrentFinancialInstruments 2024-11-30 15294406 frs-core:FurnitureFittings 2024-11-30 15294406 frs-core:FurnitureFittings 2023-11-20 2024-11-30 15294406 frs-core:FurnitureFittings 2023-11-19 15294406 frs-core:ShareCapital 2024-11-30 15294406 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 15294406 frs-bus:PrivateLimitedCompanyLtd 2023-11-20 2024-11-30 15294406 frs-bus:FilletedAccounts 2023-11-20 2024-11-30 15294406 frs-bus:SmallEntities 2023-11-20 2024-11-30 15294406 frs-bus:AuditExempt-NoAccountantsReport 2023-11-20 2024-11-30 15294406 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-20 2024-11-30 15294406 frs-bus:Director1 2023-11-20 2024-11-30 15294406 frs-bus:Director2 2023-11-20 2024-11-30 15294406 frs-countries:EnglandWales 2023-11-20 2024-11-30
Registered number: 15294406
Hemsted Homes Limited
Unaudited Financial Statements
For the Period 20 November 2023 to 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15294406
30 November 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,700
1,700
CURRENT ASSETS
Stocks 5 722,995
Debtors 6 15,963
Cash at bank and in hand 8,010
746,968
Creditors: Amounts Falling Due Within One Year 7 (812,858 )
NET CURRENT ASSETS (LIABILITIES) (65,890 )
TOTAL ASSETS LESS CURRENT LIABILITIES (64,190 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15 )
NET LIABILITIES (64,205 )
CAPITAL AND RESERVES
Called up share capital 8 2
Profit and Loss Account (64,207 )
SHAREHOLDERS' FUNDS (64,205)
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For the period ending 30 November 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 Edward Bowen
Director
08/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hemsted Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15294406 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
2. Accounting Policies
2.1. 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.
2.2. 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:
Fixtures & Fittings 15% WDV
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 20 November 2023 -
Additions 2,000
As at 30 November 2024 2,000
Depreciation
As at 20 November 2023 -
Provided during the period 300
As at 30 November 2024 300
Net Book Value
As at 30 November 2024 1,700
As at 20 November 2023 -
5. Stocks
30 November 2024
£
Work in progress 722,995
6. Debtors
30 November 2024
£
Due within one year
Other debtors 15,963
7. Creditors: Amounts Falling Due Within One Year
30 November 2024
£
Trade creditors 1,680
Bank loans and overdrafts 552,842
Amounts owed to participating interests 250,000
Other creditors 6,196
Taxation and social security 2,140
812,858
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8. Share Capital
30 November 2024
£
Allotted, Called up and fully paid 2
9. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr G May totalling £3,830 (2023 - £0), no interest is to be charged.
Included in the Other Creditors is an amount owed to the company director Mr E Bowen totalling £6,196 (2023 - £0), no interest is to be charged.
Included in the Other Creditors is an amount owed to Llewelyn Capital Ltd totalling £250,000 (2023 - £0), for which Mr E Bowen is a director. No interest is to be charged and no repayment terms have been agreed.
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