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Registration number: 08802279

A Home After Halls Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

A Home After Halls Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 8

 

A Home After Halls Limited

(Registration number: 08802279)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

55,092

9,228

Current assets

 

Debtors

5

532,236

604,992

Cash at bank and in hand

 

463

1,593

 

532,699

606,585

Creditors: Amounts falling due within one year

6

(164,016)

(170,106)

Net current assets

 

368,683

436,479

Total assets less current liabilities

 

423,775

445,707

Creditors: Amounts falling due after more than one year

6

(74,696)

(24,173)

Provisions for liabilities

(544)

(634)

Net assets

 

348,535

420,900

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

348,534

420,899

Shareholders' funds

 

348,535

420,900

For the financial year ending 31 August 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 year 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 23 April 2025 and signed on its behalf by:
 


Mr C Shorey
Director

 

A Home After Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT

Principal activity

The principal activity of the company is that of property management

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

A Home After Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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

Leasehold property improvements

Straight line over 10 years

Plant and machinery

25% straight line

 

A Home After Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Fixtures, fittings and equipment

25% straight line

Motor vehicles

25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

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 statement of comprehensive income 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

A Home After Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

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.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 6).

 

A Home After Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Short leasehold land and buildings
£

Fixtures, fittings and equipment
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

13,183

12,229

9,051

41,000

75,463

Additions

-

-

-

70,771

70,771

At 31 August 2024

13,183

12,229

9,051

111,771

146,234

Depreciation

At 1 September 2023

3,955

12,229

9,051

41,000

66,235

Charge for the year

1,318

-

-

23,589

24,907

At 31 August 2024

5,273

12,229

9,051

64,589

91,142

Carrying amount

At 31 August 2024

7,910

-

-

47,182

55,092

At 31 August 2023

9,228

-

-

-

9,228

Included within the net book value of land and buildings above is £7,910 (2023 - £9,228) in respect of short leasehold land and buildings.
 

5

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

9

525,180

603,067

Other debtors

 

7,056

1,925

 

532,236

604,992

 

A Home After Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Loans and borrowings

62,770

13,613

Taxation and social security

 

50,728

73,956

Accruals and deferred income

 

-

2,063

Other creditors

 

50,518

80,474

 

164,016

170,106

The bounceback loan benefits from a government guarantee.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

74,696

24,173

The bounceback loan benefits from a government guarantee.

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Obligations under leases and hire purchase contracts

Finance leases

The finance lease is secured on the relevant asset.

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

11,727

-

Later than one year and not later than five years

60,523

-

72,250

-

Operating leases

The total of future minimum lease payments is as follows:

 

A Home After Halls Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

8

Obligations under leases and hire purchase contracts (continued)

2024
£

2023
£

Not later than one year

22,324

26,583

Later than one year and not later than five years

1,204

40,674

23,528

67,257

The amount of non-cancellable operating lease payments recognised as an expense during the year was £27,462 (2023 - £33,050).

9

Related party transactions

Summary of transactions with parent

The company is a wholly owned subsidiary of Chris Shorey Lettings Ltd.

Loans to related parties

2024

Parent
£

Total
£

At start of period

603,067

603,067

Advanced

199,600

199,600

Repaid

(277,487)

(277,487)

At end of period

525,180

525,180

2023

Parent
£

Total
£

At start of period

524,234

524,234

Advanced

383,578

383,578

Repaid

(304,745)

(304,745)

At end of period

603,067

603,067