Company registration number 08182273 (England and Wales)
HOMDEN PROPERTY LAWYERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
HOMDEN PROPERTY LAWYERS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HOMDEN PROPERTY LAWYERS LIMITED (REGISTERED NUMBER: 08182273)
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
11,842
9,476
Current assets
Debtors
4
31,205
20,721
Cash at bank and in hand
1,650,851
944,243
1,682,056
964,964
Creditors: amounts falling due within one year
5
(1,442,426)
(883,706)
Net current assets
239,630
81,258
Total assets less current liabilities
251,472
90,734
Provisions for liabilities
(2,858)
(1,953)
Net assets
248,614
88,781
Capital and reserves
Called up share capital
5
5
Profit and loss reserves
248,609
88,776
Total equity
248,614
88,781

For the financial year ended 31 March 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 August 2025 and are signed on its behalf by:
Mrs L Homden
Director
HOMDEN PROPERTY LAWYERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Homden Property Lawyers Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit L1, Temple Court, Knight Road, Rochester, Kent, ME2 2LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria must also be met before turnover is recognised.

 

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

 

- The amount of turnover can be measured reliably                

- It is probable that the company will receive the consideration due under the contract    

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.    

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
25% on cost
Fixtures, fittings & equipment
20% on reducing balance
Computer equipment
25% on reducing balance
HOMDEN PROPERTY LAWYERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Tangible fixed assets
Land and buildings Leasehold
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 April 2024
3,825
25,356
4,139
33,320
Additions
-
0
4,220
863
5,083
At 31 March 2025
3,825
29,576
5,002
38,403
Depreciation and impairment
At 1 April 2024
3,825
19,612
407
23,844
Depreciation charged in the year
-
0
1,703
1,014
2,717
At 31 March 2025
3,825
21,315
1,421
26,561
Carrying amount
At 31 March 2025
-
0
8,261
3,581
11,842
At 31 March 2024
-
0
5,744
3,732
9,476
HOMDEN PROPERTY LAWYERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
31,205
20,721
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,078
-
0
Taxation and social security
130,497
40,702
Other creditors
1,308,851
843,004
1,442,426
883,706
6
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
10,800
10,800
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