Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr M Colwill 18/06/2018 11 July 2025 The principal activity of the Company during the financial year was property rental and investment. 11419773 2025-03-31 11419773 bus:Director1 2025-03-31 11419773 2024-03-31 11419773 core:CurrentFinancialInstruments 2025-03-31 11419773 core:CurrentFinancialInstruments 2024-03-31 11419773 core:ShareCapital 2025-03-31 11419773 core:ShareCapital 2024-03-31 11419773 core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 11419773 core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 11419773 core:RetainedEarningsAccumulatedLosses 2025-03-31 11419773 core:RetainedEarningsAccumulatedLosses 2024-03-31 11419773 core:CostValuation 2024-03-31 11419773 core:CostValuation 2025-03-31 11419773 bus:OrdinaryShareClass1 2025-03-31 11419773 2024-04-01 2025-03-31 11419773 bus:FilletedAccounts 2024-04-01 2025-03-31 11419773 bus:SmallEntities 2024-04-01 2025-03-31 11419773 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11419773 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11419773 bus:Director1 2024-04-01 2025-03-31 11419773 2023-04-01 2024-03-31 11419773 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11419773 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11419773 (England and Wales)

HMC HOMES LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

HMC HOMES LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HMC HOMES LTD

BALANCE SHEET

As at 31 March 2025
HMC HOMES LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Investment property 3 220,000 220,000
Investments 4 9,254 9,254
229,254 229,254
Current assets
Debtors 5 14,873 5,906
Cash at bank and in hand 848 1,282
15,721 7,188
Creditors: amounts falling due within one year 6 ( 122,341) ( 119,645)
Net current liabilities (106,620) (112,457)
Total assets less current liabilities 122,634 116,797
Provision for liabilities ( 7,809) ( 7,809)
Net assets 114,825 108,988
Capital and reserves
Called-up share capital 7 10 10
Fair value reserve 30,824 30,824
Profit and loss account 83,991 78,154
Total shareholder's funds 114,825 108,988

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

Director's responsibilities:

The financial statements of HMC Homes Ltd (registered number: 11419773) were approved and authorised for issue by the Director on 11 July 2025. They were signed on its behalf by:

Mr M Colwill
Director
HMC HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HMC HOMES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

HMC Homes Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 18 Royal William Yard, Plymouth, PL1 3GW, United Kingdom. The principal place of business is 11 Meadowside, Newquay, TR7 2LJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Investment property

Investment property
£
Valuation
As at 01 April 2024 220,000
As at 31 March 2025 220,000

There has been no valuation of investment property by an independent valuer.

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2024 9,254 9,254
At 31 March 2025 9,254 9,254
Carrying value at 31 March 2025 9,254 9,254
Carrying value at 31 March 2024 9,254 9,254

5. Debtors

2025 2024
£ £
Other debtors 14,873 5,906

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 101 0
Amounts owed to associates 3,705 750
Taxation and social security 1,369 1,655
Other creditors 117,166 117,240
122,341 119,645

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10