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Company Registration No. 04990542 (England and Wales)
Homestead Care Homes Limited Unaudited accounts for the year ended 31 December 2024
Homestead Care Homes Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
547,477 
33,609 
Current assets
Cash at bank and in hand
101,699 
58,409 
Creditors: amounts falling due within one year
5
(130,126)
(45,033)
Net current (liabilities)/assets
(28,427)
13,376 
Total assets less current liabilities
519,050 
46,985 
Creditors: amounts falling due after more than one year
6
(354,696)
(15,837)
Net assets
164,354 
31,148 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
164,254 
31,048 
Shareholders' funds
164,354 
31,148 
For the year ending 31 December 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 2 September 2025 and were signed on its behalf by
Godson Obii Ibeji Director Company Registration No. 04990542
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Homestead Care Homes Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Homestead Care Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 04990542. The registered office is 216 Southend Road, Stanford-Le-Hope, Essex, SS17 7AQ, England.
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.
3
Accounting policies
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
25% reducing balance
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Homestead Care Homes Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
33,300 
9,005 
5,900 
8,341 
799 
57,345 
Additions
525,549 
- 
- 
- 
- 
525,549 
At 31 December 2024
558,849 
9,005 
5,900 
8,341 
799 
582,894 
Depreciation
At 1 January 2024
2,664 
7,896 
5,568 
7,062 
546 
23,736 
Charge for the year
11,177 
166 
83 
192 
63 
11,681 
At 31 December 2024
13,841 
8,062 
5,651 
7,254 
609 
35,417 
Net book value
At 31 December 2024
545,008 
943 
249 
1,087 
190 
547,477 
At 31 December 2023
30,636 
1,109 
332 
1,279 
253 
33,609 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
56,636 
9,996 
Trade creditors
4,217 
5,007 
Taxes and social security
62,969 
23,933 
Other creditors
3,845 
3,710 
Accruals
2,459 
2,387 
130,126 
45,033 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
354,696 
15,837 
7
Average number of employees
During the year the average number of employees was 17 (2023: 19).
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