Registered number
12450188
Home Sweet Homes Plymouth Ltd
Filleted Accounts
28 February 2025
Home Sweet Homes Plymouth Ltd
Registered number: 12450188
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 282,103 282,144
Current assets
Cash at bank and in hand 30,963 32,089
Creditors: amounts falling due within one year 4 (89,093) (97,227)
Net current assets (58,130) (65,138)
Total assets less current liabilities 223,973 217,006
Creditors: amounts falling due after more than one year 5 (203,214) (203,234)
Provisions for liabilities (8) (10)
Net assets 20,751 13,762
Capital and reserves
Called up share capital 2 2
Profit and loss account 20,749 13,760
Shareholders' funds 20,751 13,762
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss S L Putt
Director
Approved by the board on 4 June 2025
Home Sweet Homes Plymouth Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is rental income and rental commission.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2024 281,939 400 282,339
At 28 February 2025 281,939 400 282,339
Depreciation
At 1 March 2024 - 195 195
Charge for the year - 41 41
At 28 February 2025 - 236 236
Net book value
At 28 February 2025 281,939 164 282,103
At 29 February 2024 281,939 205 282,144
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 1,914 1,460
Other creditors 87,179 95,767
89,093 97,227
5 Creditors: amounts falling due after one year 2025 2024
£ £
Mortgages 203,214 203,234
The Mortgage Works (UK) Ltd loaned the company £199,460 and hold a charge on 4 Hosgood
Close, Plymouth and 52 Pode Drive, Plymouth.
6 Related party transactions
As at 29th February 2025 the company owed the directors £86877 (£95,517 as at 2024).
7 Other information
Home Sweet Homes Plymouth Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Hillcrest Close
Wembury
Plymouth
Devon
PL9 0HA
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