IRIS Accounts Production v25.1.3.33 02961288 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029612882023-08-31029612882024-08-31029612882023-09-012024-08-31029612882022-08-31029612882022-09-012023-08-31029612882023-08-3102961288ns15:EnglandWales2023-09-012024-08-3102961288ns14:PoundSterling2023-09-012024-08-3102961288ns10:Director12023-09-012024-08-3102961288ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3102961288ns10:SmallEntities2023-09-012024-08-3102961288ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3102961288ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3102961288ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3102961288ns10:FullAccounts2023-09-012024-08-3102961288ns10:Director22023-09-012024-08-3102961288ns10:CompanySecretary12023-09-012024-08-3102961288ns10:RegisteredOffice2023-09-012024-08-3102961288ns5:CurrentFinancialInstruments2024-08-3102961288ns5:CurrentFinancialInstruments2023-08-3102961288ns5:ShareCapital2024-08-3102961288ns5:ShareCapital2023-08-3102961288ns5:RetainedEarningsAccumulatedLosses2024-08-3102961288ns5:RetainedEarningsAccumulatedLosses2023-08-3102961288ns5:ComputerEquipment2023-09-012024-08-3102961288ns5:ComputerEquipment2023-08-3102961288ns5:ComputerEquipment2024-08-3102961288ns5:ComputerEquipment2023-08-3102961288ns5:CostValuation2023-08-3102961288ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3102961288ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3102961288ns5:Secured2024-08-3102961288ns5:Secured2023-08-3102961288ns5:DeferredTaxation2023-08-3102961288ns5:DeferredTaxation2023-09-012024-08-3102961288ns5:DeferredTaxation2024-08-31
REGISTERED NUMBER: 02961288 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

HOME BUYER SYSTEMS LTD.

HOME BUYER SYSTEMS LTD. (REGISTERED NUMBER: 02961288)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOME BUYER SYSTEMS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: R J Angliss
G O Williams





SECRETARY: J Angliss





REGISTERED OFFICE: 9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT





REGISTERED NUMBER: 02961288 (England and Wales)





ACCOUNTANTS: Maxwell & Co
9 Abbey Business Park
Monks Walk
Farnham
Surrey
GU9 8HT

HOME BUYER SYSTEMS LTD. (REGISTERED NUMBER: 02961288)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,808 2,411
Investments 5 2 2
1,810 2,413

CURRENT ASSETS
Debtors 6 80 302

CREDITORS
Amounts falling due within one year 7 64,040 59,342
NET CURRENT LIABILITIES (63,960 ) (59,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(62,150

)

(56,627

)

PROVISIONS FOR LIABILITIES 9 323 432
NET LIABILITIES (62,473 ) (57,059 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (62,475 ) (57,061 )
SHAREHOLDERS' FUNDS (62,473 ) (57,059 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HOME BUYER SYSTEMS LTD. (REGISTERED NUMBER: 02961288)

BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





R J Angliss - Director


HOME BUYER SYSTEMS LTD. (REGISTERED NUMBER: 02961288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Home Buyer Systems Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Home Buyer Systems Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding, discounts, rebates and value added tax. Turnover includes the rendering of services which are only recognised once the service is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on reducing balance

The assets' residual values. useful lives and depreciation methods are reviewed and adjusted if appropriate, or if there is an indication of a significant change since the last reporting date

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.


HOME BUYER SYSTEMS LTD. (REGISTERED NUMBER: 02961288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 September 2023
and 31 August 2024 7,866
DEPRECIATION
At 1 September 2023 5,455
Charge for year 603
At 31 August 2024 6,058
NET BOOK VALUE
At 31 August 2024 1,808
At 31 August 2023 2,411

HOME BUYER SYSTEMS LTD. (REGISTERED NUMBER: 02961288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 2
NET BOOK VALUE
At 31 August 2024 2
At 31 August 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30 252
Prepayments 50 50
80 302

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,556 10,672
Other loans - 10,000
Trade creditors - 1
Amounts owed to group undertakings 33,090 22,440
Social security and other taxes (526 ) (29 )
VAT 275 179
Other creditors 45 44
Directors' current accounts 12,033 11,394
Accrued expenses 3,567 4,641
64,040 59,342

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 15,556 10,672

National Westminster Bank Plc hold a debenture created to secure all of the Company's obligations to National Westminster Bank Plc of any kind and in any currency (present, future, actual or contingent and whether incurred alone or jointly with another) including interest & expenses.

HOME BUYER SYSTEMS LTD. (REGISTERED NUMBER: 02961288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 323 432

Deferred
tax
£   
Balance at 1 September 2023 432
Provided during year (109 )
Balance at 31 August 2024 323

10. GOING CONCERN

Despite incurring losses during the year, the directors consider that the business remains a going concern for the foreseeable future and with that in mind, the accounts have been prepared on the going concern basis.