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Registered Number: 12407783
England and Wales

 

 

 

ABOUT HOMES LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 16,324,809    15,402,065 
16,324,809    15,402,065 
Current assets      
Debtors 382,153    165,052 
Cash at bank and in hand 180,111    473,923 
562,264    638,975 
Creditors: amount falling due within one year (367,837)   (392,663)
Net current assets 194,427    246,312 
 
Total assets less current liabilities 16,519,236    15,648,377 
Creditors: amount falling due after more than one year (6,809,037)   (6,554,896)
Provisions for liabilities (492,565)   (288,884)
Net assets 9,217,634    8,804,597 
 

Capital and reserves
     
Called up share capital 100    100 
Share premium account 7,861,905    7,861,905 
Capital Redemption Reserve 1,155,535    1,155,535 
Profit and loss account 200,094    (212,943)
Shareholders' funds 9,217,634    8,804,597 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 12 June 2025 and were signed on its behalf by:


-------------------------------
A J S Mariano
Director
1
General Information
About Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 12407783, registration address Kirkpatrick and Hopes Ltd, Brunel Road, Theale, Reading, RG7 4AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:


Computer Equipment - 33% on cost
Fixture & fittings - 15% on cost


At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.


If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Investment properties
The Surpluses or deficits on revaluation of such properties are transferred to the investment property revaluation in the profit and loss account. Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are not amortised where the unexpired term is over 20 years.
This policy represents a departure from statutory accounting principals, which require depreciation to be provided on all fixed assets. The director consider that this policy is necessary in order that the financial statements may give a true and fair view because value changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separatley identified or quantified.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 5 (2024 : 4).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Investment properties   Total
  £   £   £   £
At 01 April 2024 3,233    11,636    15,395,221    15,410,090 
Additions   3,771    327,380    331,151 
Disposals      
Revaluations     594,858    594,858 
At 31 March 2025 3,233    15,407    16,317,459    16,336,099 
Depreciation
At 01 April 2024 566    7,459      8,025 
Charge for year 485    2,780      3,265 
On disposals      
At 31 March 2025 1,051    10,239      11,290 
Net book values
Closing balance as at 31 March 2025 2,182    5,168    16,317,459    16,324,809 
Opening balance as at 01 April 2024 2,667    4,177    15,395,221    15,402,065 


4.

Director’s loan

Director's Advances, Credits And Guarantees

At the year end, the following balances existed on a loan account with the directors.

A J S Mariano and Mrs A M L Martins - £3,085 in credit. (2024 - £65,123 in debit)

The above loan is interest free with no fixed date of repayment.



5.

Related Party Disclosures

At the year end. the following balances existed with related parties -

The overdraft bank account which is in the name of A J S Mariano has been brought into the company as this is linked to the one of the properties (66 Cressingham Road) that was brought into the company on the 17/12/2020.

Assured Investment Ltd - £348,285 (2024 - £Nil). The director A J S Mariano is the sole shareholder/ director of this company.

Welldone Building & Appliances Repair Services Ltd - £53,000 in credit (2024 - £65,000 in credit). The director A J S Mariano is the company secretary of this company. The director of this company is the brother of A J S Mariano.

In other debtors there is an amount loaned of £5,599 (2024 - £7,199) to AM Martins Mariano. AM Martins Mariano is the daughter of A J S Mariano and Mrs A M L Martins.


6.

Investment properties

Fair Value at 31 March 2025 is represented by:
.   2025
£
  2024
£
Valuation in 2023 , 2024 & 2025 1,750,393  1,155,535 
Cost` 14,567,066  14,239,686 
16,317,459  15,395,221 



If Investment had not been revalued it would have been included at the following historical cost:
                      31.3.25               31.3.24
                        £                        £
Cost           14,567,066          14,239,686 

The Investment properties were valued on a fair value basis on 31 March 2025 by the directors.



7.

Secured Debts

The company has 39 charges registered at Companies House. The charges favour the following organisations:
Bank of India- 20 charges
Paratus AMC Limited- 1 charge
Belmont Green Finance Limited - 1 charge
Keystone Property Finance Limited - 1 charge
Paragon Bank Plc -16 charges
The charges are a mixed of fixed and floating and negative pledge charges over the properties owned by the company.

8.

Debtors: amounts falling within one year

.   2025
£
  2024
£
Prepayments & accrued Income 28,269  41,932 
Other debtors 353,884  41,497 
Corporation tax 16,500 
Directors 65,123 
382,153  165,052 

9.

Creditors: amount falling due within one year

.   2025
£
  2024
£
Bank loans & overdrafts (Secured) 220,542  253,655 
Corporation Tax 10,318 
Accrued expenses 9,100  9,303 
Other Creditors 124,773  129,705 
Wages & salaries control account 19 
Directors' current accounts 3,085 
367,837  392,663 

10.

Creditors:: amount falling due after more than one year

.   2025
£
  2024
£
Bank loans & overdrafts (Secured) 6,809,037  6,554,896 
6,809,037  6,554,896 

11.

Provisions for liabilities

.   2025
£
  2024
£
Deferred Tax 492,565  288,884 
492,565  288,884 

12.

Share premium account

.   2025
£
  2024
£
Equity Share Premium bfwd 7,861,905  7,861,905 
7,861,905  7,861,905 

13.

Capital Redemption Reserve

.   2025
£
  2024
£
Transfers to/from Reserves 1,155,535  1,248,673 
1,155,535  1,248,673 

2