HOMES LETTING COMPANY LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 5926444

HOMES LETTING COMPANY LIMITED

Filleted Unaudited Financial Statements

30 September 2024

HOMES LETTING COMPANY LIMITED

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of HOMES LETTING COMPANY LIMITED

Year ended 30 September 2024

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 September 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants

P.O. Box 10901 Birmingham B1 1ZQ

28 September 2025

HOMES LETTING COMPANY LIMITED

Statement of Financial Position

30 September 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		1	1

Current assets

Debtors	7	365	365
Cash at bank and in hand		4,141	4,745
		-------	-------
		4,506	5,110

Creditors: amounts falling due within one year	8	7,014		7,276
		-------		-------
Net current liabilities			2,508	2,166
			-------	-------
Total assets less current liabilities			( 2,507)	( 2,165)
			-------	-------
Net liabilities			( 2,507)	( 2,165)
			-------	-------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		( 2,607)	( 2,265)
		-------	-------
Shareholders deficit		( 2,507)	( 2,165)
		-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HOMES LETTING COMPANY LIMITED

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 28 September 2025 , and are signed on behalf of the board by:

Mrs H.K. Khera
Director

Company registration number: 5926444

HOMES LETTING COMPANY LIMITED

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaghela & Co Services, 145 Granville Street, Birmingham, B1 1SB, West Midlands.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). No cash flow statement has been presented for the company.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicle	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Turnover

Turnover arises from:

	2024	2023
	£	£
Rendering of services	29,487	26,974
	--------	--------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

6. Tangible assets

	Motor vehicles	Total
	£	£
Cost
At 1 October 2023 and 30 September 2024	1,650	1,650
	-------	-------
Depreciation
At 1 October 2023 and 30 September 2024	1,649	1,649
	-------	-------
Carrying amount
At 30 September 2024	1	1
	-------	-------
At 30 September 2023	1	1
	-------	-------

7. Debtors

	2024	2023
	£	£
Other debtors	365	365
	----	----

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	40	40
Other creditors	811	1,805
Other creditors	62	85
Other creditors	6,101	5,346
	-------	-------
	7,014	7,276
	-------	-------

9. Called up share capital

Authorised share capital

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Director's advances, credits and guarantees

As at 30 September 2024, other creditors include the following due to directors:- Mrs H K Khera £3,355.84 (2023 - £2,756) The loans are interest free and repayable on demand.

11. Related party transactions

No transactions with related parties were undertaken such as are to be disclosed under Financial Reporting Standard 8.