| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| FOR |
| HOMEFIELD PARK (FREEHOLD) LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| FOR |
| HOMEFIELD PARK (FREEHOLD) LIMITED |
| HOMEFIELD PARK (FREEHOLD) LIMITED (REGISTERED NUMBER: 04791372) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| HOMEFIELD PARK (FREEHOLD) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Unit 4 Mulgrave Chambers |
| 26-28 Mulgrave Road |
| Sutton |
| Surrey |
| SM2 6LE |
| HOMEFIELD PARK (FREEHOLD) LIMITED (REGISTERED NUMBER: 04791372) |
| BALANCE SHEET |
| 28 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| HOMEFIELD PARK (FREEHOLD) LIMITED (REGISTERED NUMBER: 04791372) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Homefield Park (Freehold) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The financial statements are prepared on the going concern basis, which assumes the ability of the company to continue its activities for the foreseeable future, being a period of not less than twelve months from the approval of these accounts. |
| The directors have considered all the information available to them and are satisfied that the going concern basis continues to be appropriate for the preparation of the annual financial statements. |
| Revenue recognition |
| Revenue is measured at the fair value of the consideration received or receivable and represents ground rent receivable during the year. |
| Revenue is recognised in the accounting period in which the ground rents were due. |
| Tangible fixed assets |
| Freehold land and buildings | - |
| Taxation |
| Taxation for the year comprises current 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 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. |
| The company only pays tax on lease extensions which occur from time to time. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold |
| land and |
| buildings |
| £ |
| COST |
| At 29 September 2023 |
| and 28 September 2024 |
| DEPRECIATION |
| At 29 September 2023 |
| Charge for year |
| At 28 September 2024 |
| NET BOOK VALUE |
| At 28 September 2024 |
| At 28 September 2023 |
| HOMEFIELD PARK (FREEHOLD) LIMITED (REGISTERED NUMBER: 04791372) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 29 September 2023 |
| and 28 September 2024 |
| NET BOOK VALUE |
| At 28 September 2024 |
| At 28 September 2023 |
| The investment relates to 200 Ordinary £0.20 B shares in Homefield Park Management Company (1985) Limited, which manages the property at 74-139, Homefield Park, Grove Road, Sutton, Surrey. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Ground rent arrears |
| Amounts held by service charge account |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Residents' loan balances |
| Corporation tax |
| Other creditors |
| Accrued expenses |