Registered number
09221775
Hamster Homes Limited
Unaudited Filleted Accounts
30 September 2024
Hamster Homes Limited
Registered number: 09221775
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 103,645 104,796
Cash at bank and in hand 2,574 203
106,219 104,999
Creditors: amounts falling due within one year 4 (77,330) (75,596)
Net current assets 28,889 29,403
Net assets 28,889 29,403
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,789 29,303
Shareholder's funds 28,889 29,403
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
PD Horne
Director
Approved by the board on 16 June 2025
Hamster Homes Limited
Notes to the Accounts
for the year ended 30 September 2024
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). The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
Turnover
Turnover represents rents receivable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, 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 and fittings 25% straight line
The company's freehold properties are revalued in full every five years. Interim valuations are carried out when it is likely that there has been a material change in value.
No depreciation has been charged on the company's freehold properties since, in the opinion of the directors, the expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The directors undertake an annual impairment review of these properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Other debtors 103,645 104,796
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 483
Other creditors 77,330 75,113
77,330 75,596
5 Controlling party
100% of the company's share capital is owned by Red Ridge Developments Limited, registered in England.
6 Other information
Hamster Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
158 Heaton Park Road
Heaton
Newcastle upon Tyne
NE6 5NR
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