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Company No: 14230573 (England and Wales)

HOMEBOUND DEVELOPMENTS LIMITED

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

HOMEBOUND DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

HOMEBOUND DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 July 2025
HOMEBOUND DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 July 2025
Note 2025 2024
£ £
Current assets
Stocks 3 0 3,194,197
Debtors 4 0 27,782
0 3,221,979
Creditors: amounts falling due within one year 5 ( 500,347) ( 446,894)
Net current (liabilities)/assets (500,347) 2,775,085
Total assets less current liabilities (500,347) 2,775,085
Creditors: amounts falling due after more than one year 6 ( 516,658) ( 2,778,213)
Net liabilities ( 1,017,005) ( 3,128)
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account ( 1,017,007 ) ( 3,130 )
Total shareholders' deficit ( 1,017,005) ( 3,128)

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

Directors' responsibilities:

The financial statements of Homebound Developments Limited (registered number: 14230573) were approved and authorised for issue by the Board of Directors on 01 August 2025. They were signed on its behalf by:

S J Bound
Director
HOMEBOUND DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
HOMEBOUND DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Homebound Developments Limited (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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Stocks

2025 2024
£ £
Work in progress 0 3,194,197

4. Debtors

2025 2024
£ £
Other debtors 0 27,782

5. Creditors: amounts falling due within one year

2025 2024
£ £
Amounts owed to related parties 234,952 267,073
Other creditors 265,395 179,821
500,347 446,894

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 516,658 2,778,213

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2