Homefield Park Management (Portreath) Limited 07623561 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the management of the common areas of Homefield Park, Portreath Digita Accounts Production Advanced 6.30.9574.0 true 07623561 2023-06-01 2024-05-31 07623561 2024-05-31 07623561 core:CurrentFinancialInstruments 2024-05-31 07623561 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07623561 bus:SmallEntities 2023-06-01 2024-05-31 07623561 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07623561 bus:FilletedAccounts 2023-06-01 2024-05-31 07623561 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07623561 bus:RegisteredOffice 2023-06-01 2024-05-31 07623561 bus:Director3 2023-06-01 2024-05-31 07623561 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07623561 countries:EnglandWales 2023-06-01 2024-05-31 07623561 2022-06-01 2023-05-31 07623561 2023-05-31 07623561 core:CurrentFinancialInstruments 2023-05-31 07623561 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Homefield Park Management (Portreath) Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 May 2024

Registration number: 07623561

 

Homefield Park Management (Portreath) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

Homefield Park Management (Portreath) Limited

Balance Sheet

31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,579

2,489

Cash at bank and in hand

 

5,975

3,654

 

7,554

6,143

Creditors: Amounts falling due within one year

5

(7,554)

(6,143)

Net assets/(liabilities)

 

-

-

Capital and reserves

 

Shareholders' funds/(deficit)

 

-

-

 

Homefield Park Management (Portreath) Limited

Balance Sheet

31 May 2024

For the financial year ending 31 May 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

.........................................
R A Pepper-Smith
Director

Company Registration Number: 07623561

 

Homefield Park Management (Portreath) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 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:
Jenson House
Cardrew Industrial Estate
Cardrew Way
Redruth
Cornwall
TR15 1SS

These financial statements were authorised for issue by the Board on 27 May 2025.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Prior to 31 May 2018 turnover comprised service charges receivable from the owners of Homefield Park, Portreath.

Since 1 June 2018, all service charge income, and related expenditure, has been accounted for through a separate service charge statement such that the company has no revenue reportable in these accounts.

 

Homefield Park Management (Portreath) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 May 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.



 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Debtors

2024
£

2023
£

Trade debtors

1,125

2,077

Prepayments

454

412

1,579

2,489

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

2,573

1,264

Other creditors

4,981

4,879

7,554

6,143