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REGISTERED NUMBER: 06677898 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Homequest Property Management Services
Ltd

Homequest Property Management Services
Ltd (Registered number: 06677898)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Homequest Property Management Services
Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mrs J W Scott





SECRETARY: Mrs J W Scott





REGISTERED OFFICE: 8 Exeter Drive
Thornton Cleveleys
Lancashire
FY5 2UU





REGISTERED NUMBER: 06677898 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Homequest Property Management Services
Ltd (Registered number: 06677898)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,620 2,432
2,620 2,432

CURRENT ASSETS
Debtors 6 47,848 58,723
Cash at bank 1,454 277
49,302 59,000
CREDITORS
Amounts falling due within one year 7 36,407 51,729
NET CURRENT ASSETS 12,895 7,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,515

9,703

CREDITORS
Amounts falling due after more than one year 8 (8,674 ) (8,674 )

PROVISIONS FOR LIABILITIES (655 ) (462 )
NET ASSETS 6,186 567

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,185 566
6,186 567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Homequest Property Management Services
Ltd (Registered number: 06677898)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 June 2025 and were signed by:





Mrs J W Scott - Director


Homequest Property Management Services
Ltd (Registered number: 06677898)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Homequest Property Management Services 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

Homequest Property Management Services
Ltd (Registered number: 06677898)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 197,000
AMORTISATION
At 1 October 2023
and 30 September 2024 197,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023 17,104
Additions 842
At 30 September 2024 17,946
DEPRECIATION
At 1 October 2023 14,672
Charge for year 654
At 30 September 2024 15,326
NET BOOK VALUE
At 30 September 2024 2,620
At 30 September 2023 2,432

6. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Directors' loan accounts 34,234 43,905

Homequest Property Management Services
Ltd (Registered number: 06677898)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS - continued
30.9.24 30.9.23
£    £   
Amounts falling due after more than one year:
Tax 13,614 14,818

Aggregate amounts 47,848 58,723

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts - 5,039
Tax 31,555 39,922
Social security and other taxes 3,547 5,773
Accrued expenses 1,305 995
36,407 51,729

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 5,166 5,166
Bank loans - 2-5 years 3,508 3,508
8,674 8,674

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mrs J W Scott
Balance outstanding at start of year 43,905 49,736
Amounts advanced 30,329 24,169
Amounts repaid (36,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,234 43,905