IRIS Accounts Production v25.1.4.42 08236650 director 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082366502023-10-31082366502024-10-31082366502023-11-012024-10-31082366502022-10-31082366502022-11-012023-10-31082366502023-10-3108236650ns15:EnglandWales2023-11-012024-10-3108236650ns14:PoundSterling2023-11-012024-10-3108236650ns10:Director12023-11-012024-10-3108236650ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3108236650ns10:SmallEntities2023-11-012024-10-3108236650ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3108236650ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3108236650ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3108236650ns10:FullAccounts2023-11-012024-10-3108236650ns10:OrdinaryShareClass12023-11-012024-10-3108236650ns5:CurrentFinancialInstruments2024-10-3108236650ns5:CurrentFinancialInstruments2023-10-3108236650ns5:Non-currentFinancialInstruments2024-10-3108236650ns5:Non-currentFinancialInstruments2023-10-3108236650ns5:ShareCapital2024-10-3108236650ns5:ShareCapital2023-10-3108236650ns5:SharePremium2024-10-3108236650ns5:SharePremium2023-10-3108236650ns5:RetainedEarningsAccumulatedLosses2024-10-3108236650ns5:RetainedEarningsAccumulatedLosses2023-10-3108236650ns10:RegisteredOffice2023-11-012024-10-3108236650ns5:LeaseholdImprovements2023-11-012024-10-3108236650ns5:PlantMachinery2023-11-012024-10-3108236650ns5:FurnitureFittings2023-11-012024-10-3108236650ns5:MotorVehicles2023-11-012024-10-3108236650ns5:ComputerEquipment2023-11-012024-10-3108236650ns5:LeaseholdImprovements2023-10-3108236650ns5:PlantMachinery2023-10-3108236650ns5:FurnitureFittings2023-10-3108236650ns5:LeaseholdImprovements2024-10-3108236650ns5:PlantMachinery2024-10-3108236650ns5:FurnitureFittings2024-10-3108236650ns5:LeaseholdImprovements2023-10-3108236650ns5:PlantMachinery2023-10-3108236650ns5:FurnitureFittings2023-10-3108236650ns5:MotorVehicles2023-10-3108236650ns5:ComputerEquipment2023-10-3108236650ns5:MotorVehicles2024-10-3108236650ns5:ComputerEquipment2024-10-3108236650ns5:MotorVehicles2023-10-3108236650ns5:ComputerEquipment2023-10-3108236650ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3108236650ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3108236650ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-10-3108236650ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-10-3108236650ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-10-3108236650ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3108236650ns10:OrdinaryShareClass12024-10-31
REGISTERED NUMBER: 08236650 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2024

FOR

HOMEWOOD LEISURE LIMITED

HOMEWOOD LEISURE LIMITED (REGISTERED NUMBER: 08236650)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


HOMEWOOD LEISURE LIMITED (REGISTERED NUMBER: 08236650)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,565 13,026

CURRENT ASSETS
Stocks 30,951 30,490
Debtors 6 27,105 42,105
Cash at bank and in hand 19,091 162
77,147 72,757
CREDITORS
Amounts falling due within one year 7 141,917 149,385
NET CURRENT LIABILITIES (64,770 ) (76,628 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,205

)

(63,602

)

CREDITORS
Amounts falling due after more than
one year

8

6,667

21,667
NET LIABILITIES (62,872 ) (85,269 )

CAPITAL AND RESERVES
Called up share capital 9 250 250
Share premium 29,900 29,900
Retained earnings (93,022 ) (115,419 )
SHAREHOLDERS' FUNDS (62,872 ) (85,269 )

HOMEWOOD LEISURE LIMITED (REGISTERED NUMBER: 08236650)

BALANCE SHEET - continued
31 OCTOBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 July 2025 and were signed by:





Mr S J Homewood - Director


HOMEWOOD LEISURE LIMITED (REGISTERED NUMBER: 08236650)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Homewood Leisure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08236650

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis notwithstanding the net liability currently shown on the balance sheet. The director has confirmed his intention to support the company for at least the next 12 months.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


HOMEWOOD LEISURE LIMITED (REGISTERED NUMBER: 08236650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

HOMEWOOD LEISURE LIMITED (REGISTERED NUMBER: 08236650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Website machinery fittings
£    £    £   
COST
At 1 November 2023 7,087 4,063 4,584
Disposals - - -
At 31 October 2024 7,087 4,063 4,584
DEPRECIATION
At 1 November 2023 4,764 3,313 3,132
Charge for year 465 150 218
Eliminated on disposal - - -
At 31 October 2024 5,229 3,463 3,350
NET BOOK VALUE
At 31 October 2024 1,858 600 1,234
At 31 October 2023 2,323 750 1,452

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 20,150 4,569 40,453
Disposals (4,750 ) - (4,750 )
At 31 October 2024 15,400 4,569 35,703
DEPRECIATION
At 1 November 2023 11,649 4,569 27,427
Charge for year 1,624 - 2,457
Eliminated on disposal (2,746 ) - (2,746 )
At 31 October 2024 10,527 4,569 27,138
NET BOOK VALUE
At 31 October 2024 4,873 - 8,565
At 31 October 2023 8,501 - 13,026

HOMEWOOD LEISURE LIMITED (REGISTERED NUMBER: 08236650)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,887 29,003
Provision for doubtful debts (75 ) -
Prepayments and accrued income 1,293 13,102
27,105 42,105

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 22,897
Trade creditors 86,071 57,200
PAYE and social security 461 1,478
Pensions payable 182 444
VAT 2,520 14,422
Other creditors 2,555 5,788
Credit card 3,921 20,391
Director's current account 13,864 21,757
Accruals and deferred income 22,343 5,008
141,917 149,385

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,667 10,000
Bank loans - 2-5 years - 11,667
6,667 21,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250 Ordinary £1 250 250