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REGISTERED NUMBER: 02097037 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HOUSEDEAL LIMITED

HOUSEDEAL LIMITED (REGISTERED NUMBER: 02097037)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOUSEDEAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: G R Butt
C Butt





SECRETARY: C Butt





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





BUSINESS ADDRESS: Sentosa
32 The Parkway
Rustington
Littlehampton
West Sussex
BN16 2BU





REGISTERED NUMBER: 02097037 (England and Wales)

HOUSEDEAL LIMITED (REGISTERED NUMBER: 02097037)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investment property 4 220,000 220,000

CURRENT ASSETS
Debtors 5 1,788 1,007
Cash at bank 8,924 2,999
10,712 4,006
CREDITORS
Amounts falling due within one year 6 12,034 4,209
NET CURRENT LIABILITIES (1,322 ) (203 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,678

219,797

PROVISIONS FOR LIABILITIES 7 22,302 22,302
NET ASSETS 196,376 197,495

CAPITAL AND RESERVES
Called up share capital 8 100 100
Investment property fair value reserve 9 117,452 117,452
Retained earnings 78,824 79,943
SHAREHOLDERS' FUNDS 196,376 197,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





G R Butt - Director


HOUSEDEAL LIMITED (REGISTERED NUMBER: 02097037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Housedeal Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated rebates or other similar allowances.

Revenue from rents receivable from the company's investment properties is recognised for the period that the rent covers.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

HOUSEDEAL LIMITED (REGISTERED NUMBER: 02097037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 220,000
NET BOOK VALUE
At 31 March 2025 220,000
At 31 March 2024 220,000

The company's investment properties were revalued on an open market existing use basis by G R Butt, a director of the company on 31 March 2025. The original cost of the investment properties is £80,246.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,788 1,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 18 648
Other creditors 12,016 3,561
12,034 4,209

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 22,302 22,302

Deferred
tax
£   
Balance at 1 April 2024 22,302
Balance at 31 March 2025 22,302

HOUSEDEAL LIMITED (REGISTERED NUMBER: 02097037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Investment
property
fair
value
reserve
£   
At 1 April 2024
and 31 March 2025 117,452

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
G R Butt and C Butt
Balance outstanding at start of year 1,008 1,701
Amounts advanced - 110,018
Amounts repaid (1,008 ) (110,711 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,008

The above loan is on an interest free basis and repayable on demand.