Registration number:
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Homeservices Holdings Limited
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Homeservices Holdings Limited
Contents
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Company Information |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Homeservices Holdings Limited
Company Information
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Directors |
W P J Hyde J D Ray |
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Registered office |
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Accountants |
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Homeservices Holdings Limited
Statement of Financial Position as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
213 |
222 |
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Capital redemption reserve |
9 |
- |
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Other reserves |
1,400,020 |
700,000 |
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Retained earnings |
(92) |
(10) |
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Shareholders' funds |
1,400,150 |
700,212 |
For the financial 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.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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W P J Hyde
Director
Company registration number: 11699760
Homeservices Holdings Limited
Statement of Changes in Equity for the Year Ended 31 December 2024
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Share capital |
Capital redemption reserve |
Capital contribution reserve |
Retained earnings |
Total |
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At 1 January 2024 |
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- |
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( |
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Loss for the year |
- |
- |
- |
( |
( |
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Capital contribution |
- |
- |
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- |
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Total comprehensive income |
- |
- |
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( |
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Purchase of own share capital |
(9) |
9 |
- |
(1) |
(1) |
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At 31 December 2024 |
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( |
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Share capital |
Capital contribution reserve |
Retained earnings |
Total |
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At 1 December 2022 |
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- |
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Loss for the year |
- |
- |
( |
( |
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Capital contribution |
- |
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- |
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Total comprehensive income |
- |
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( |
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New share capital subscribed |
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- |
- |
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At 31 December 2023 |
222 |
700,000 |
(10) |
700,212 |
Homeservices Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of an investment holding company.
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Accounting policies |
Statement of compliance
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' Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Going concern
The company had net assets at 31 December 2024 amounting to £1,400,150.
The company is an investment holding company and has no significant overheads or working capital requirements.
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the continue to adopt the going concern basis in the preparation of the financial statements.
Group accounts not prepared
The company and its subsidiary undertakings comprise a small group and in accordance with Section 399 of the Companies Act 2006 group accounts have not been prepared.
Homeservices Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company during the year, was
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost |
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At 1 January 2024 |
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Additions |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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Homeservices Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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Debtors |
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2024 |
2023 |
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Amounts owed by group undertakings |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Amounts owed to group undertakings |
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Prior period adjustment |
During the year, the directors identified that in the prior period a £700,000 capital contribution was incorrectly recorded as share premium and share capital was overstated by £9. This has been corrected in the current year and the comparatives have been restated.