REGISTERED NUMBER: SC551853 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Homes Connected Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J I Haq

K Hussain

REGISTERED OFFICE:

Unit 3, Morris Park

37 Rosyth Road

Rutherglen

Glasgow

G5 0YE

REGISTERED NUMBER:

SC551853 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Intangible assets

4

53,955

53,955

Tangible assets

5

1,302

2,346

55,257

56,301

CURRENT ASSETS

Debtors

6

17,733

17,727

Cash at bank and in hand

98,618

112,972

116,351

130,699

CREDITORS

Amounts falling due within one year

7

71,354

80,781

NET CURRENT ASSETS

44,997

49,918

TOTAL ASSETS LESS CURRENT LIABILITIES

100,254

106,219

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

100,154

106,119

SHAREHOLDERS' FUNDS

100,254

106,219

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:

J I Haq - Director

1.	STATUTORY INFORMATION

Homes Connected Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

53,955

NET BOOK VALUE

At 31 December 2024

53,955

At 31 December 2023

53,955

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

4,167

6,097

10,264

Disposals

-

(6,097

)

(6,097

)

At 31 December 2024

4,167

-

4,167

DEPRECIATION

At 1 January 2024

2,635

5,283

7,918

Charge for year

230

-

230

Eliminated on disposal

-

(5,283

)

(5,283

)

At 31 December 2024

2,865

-

2,865

NET BOOK VALUE

At 31 December 2024

1,302

-

1,302

At 31 December 2023

1,532

814

2,346

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

16,556

16,573

Prepayments and accrued income

1,177

1,154

17,733

17,727

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

-

11,539

Social security and other taxes

1,256

917

VAT

7,104

4,640

Directors' current accounts

58,626

59,400

Accrued expenses

4,368

4,285

71,354

80,781

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

106,119

Deficit for the year

(5,965

)

At 31 December 2024

100,154