| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 31 DECEMBER 2022 TO 29 DECEMBER 2023 |
| FOR |
| HOME RUN SERVICES LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 31 DECEMBER 2022 TO 29 DECEMBER 2023 |
| FOR |
| HOME RUN SERVICES LTD |
| HOME RUN SERVICES LTD (REGISTERED NUMBER: 06431806) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Period 31 December 2022 to 29 December 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HOME RUN SERVICES LTD |
| COMPANY INFORMATION |
| For The Period 31 December 2022 to 29 December 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3 Park Square East |
| Leeds |
| LS1 2NE |
| HOME RUN SERVICES LTD (REGISTERED NUMBER: 06431806) |
| BALANCE SHEET |
| 29 December 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 | ( |
) | ( |
) |
| 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. |
| HOME RUN SERVICES LTD (REGISTERED NUMBER: 06431806) |
| BALANCE SHEET - continued |
| 29 December 2023 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| HOME RUN SERVICES LTD (REGISTERED NUMBER: 06431806) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Period 31 December 2022 to 29 December 2023 |
| 1. | STATUTORY INFORMATION |
| Home Run Services Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company continues to be supported by the directors by virtue of their loan account which is in credit by £394,375 at the end of the financial year. The directors are prepared to provide the funding which from time to time is required to enable the company to meet its creditors as and when they fall due. |
| Turnover |
| Turnover represents net invoiced sales of interior design services, excluding value added tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Taxation |
| Taxation for the period 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 period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| HOME RUN SERVICES LTD (REGISTERED NUMBER: 06431806) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Period 31 December 2022 to 29 December 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 31 December 2022 |
| and 29 December 2023 |
| DEPRECIATION |
| At 31 December 2022 |
| Charge for period |
| At 29 December 2023 |
| NET BOOK VALUE |
| At 29 December 2023 |
| At 30 December 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts due from related undertakings | - | 144,845 |
| Corporation tax refund |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank Loan |
| Trade creditors |
| Social security and other taxes |
| Amounts due to related undertakings |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Directors' loan account | 330,444 | 640,625 |
| Bank loan | 26,604 | 36,625 |
| The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme. |
| HOME RUN SERVICES LTD (REGISTERED NUMBER: 06431806) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Period 31 December 2022 to 29 December 2023 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 31 December 2022 | ( |
) |
| Profit for the period |
| At 29 December 2023 | ( |
) |
| 10. | RELATED PARTY DISCLOSURES |
| Included in creditors at 29 December 2023 are amounts due to City & Provincial (Equity Partners 3) Limited of £108,934 (2022: £51,763).The company is also due a sum from Plant Collections Limited amounting to £Nil (2022: £144,845). |
| During the period the company paid management charges of £80,000 (2022: £80,000) to Plant Collections Limited. |
| Stephen Plant and Linda Plant are directors in City & Provincial (Equity Partners 3) Limited and Home Run Services Ltd. |
| 11. | ULTIMATE CONTROL |
| The company is under the control of the directors. |
| 12. | GOING CONCERN |
| The company position is supported by directors loans and upon this basis the financial statements have been drawn up as a going concern. |