Company Registration No. 15250542 (England and Wales)
Home Equity Release Limited
Unaudited accounts
for the period from 31 October 2023 to 31 October 2024
Home Equity Release Limited
Unaudited accounts
Contents
Home Equity Release Limited
Company Information
for the period from 31 October 2023 to 31 October 2024
Directors
Martyn Fisher
Neil James
Company Number
15250542 (England and Wales)
Registered Office
Quest House
St Mellons Business Park
Fortran Road
Cardiff
CF3 0EY
United Kingdom
Accountants
Nathan Evans Limited
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Home Equity Release Limited for the period from 31 October 2023 to 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Home Equity Release Limited for the period from
31 October 2023 to
31 October 2024 as set out on pages
5 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited
Chartered Accountants
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
1 July 2025
Home Equity Release Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
4,137
Creditors: amounts falling due within one year
(47,687)
Net current liabilities
(43,550)
Called up share capital
100
Profit and loss account
(43,650)
Shareholders' funds
(43,550)
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by
Martyn Fisher
Director
Company Registration No. 15250542
Home Equity Release Limited
Notes to the Accounts
for the period from 31 October 2023 to 31 October 2024
Home Equity Release Limited is a private company, limited by shares, registered in England and Wales, registration number 15250542. The registered office is Quest House, St Mellons Business Park, Fortran Road, Cardiff, CF3 0EY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Creditors: amounts falling due within one year
2024
Loans from directors
46,103
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
6
Transactions with related parties
The company paid £37,009 in commission to Mr. Neil James during the period. Mr. James owns 50% of the share capital. The company paid £37,009 in commission to Mr. Martyn Fisher during the period. Mr. Fisher owns 50% of the share capital.
7
Average number of employees
During the period the average number of employees was 2.