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Registration number: 01125172

Home Climates Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Home Climates Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 7

Home Climates Limited

(Registration number: 01125172)
Statement of Financial Position as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | - | 94
Current assets |  |  |
Stocks |  | 3,036 | 4,340
Debtors | 5 | 7,738 | 26,516
Cash at bank and in hand |  | 6,894 | (57)
|  | 17,668 | 30,799
Creditors: Amounts falling due within one year | 6 | (29,062) | (37,466)
Net current liabilities |  | (11,394) | (6,667)
Total assets less current liabilities |  | (11,394) | (6,573)
Provisions for liabilities |  | - | (84)
Net liabilities |  | (11,394) | (6,657)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | (11,494) | (6,757)
Shareholders' deficit |  | (11,394) | (6,657)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 8 October 2025 and signed on its behalf by:

J D Curtis Company secretary and director

Home Climates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Church Lane
Slapton
Kingsbridge
Devon
TQ7 2QS

Principal activity

The principal activity of the company is that of specialised design consultancy services.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support from the company's directors. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets as current assets. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

Home Climates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2 | Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Home Climates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% straight line
Plant and machinery | 25% straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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. 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-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 are largely independent of the cash inflows from other assets or groups of assets.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Home Climates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Home Climates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Total £
Cost or valuation
At 1 February 2024 | 4,093 | 977 | 5,070
Disposals | (4,093) | - | (4,093)
At 31 January 2025 | - | 977 | 977
Depreciation
At 1 February 2024 | 3,999 | 977 | 4,976
Eliminated on disposal | (3,999) | - | (3,999)
At 31 January 2025 | - | 977 | 977
Carrying amount
At 31 January 2025 | - | - | -
At 31 January 2024 | 94 | - | 94

5 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 1,866 | 4,843
Other debtors |  | 4,137 | 21,230
Prepayments |  | 801 | 443
Income tax asset |  | 934 | -
|  | 7,738 | 26,516

Home Climates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Loans and borrowings |  | - | 1,982
Trade creditors |  | 10,686 | 14,907
Taxation and social security |  | 1,183 | 6,553
Accruals and deferred income |  | 2,059 | 3,787
Other creditors |  | 15,134 | 10,237
|  | 29,062 | 37,466

Whilst the company no longer as any outstanding borrowings from external providers Lloyds Bank plc continue to hold a debenture dated February 1996 over all undertakings, property and assets both current and future which has not been satisfied.

7 | Directors advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

2025 | At 1 February 2024 £ | Advances to director £ | Repayments by director £ | At 31 January 2025 £
Directors | (14,101) | (1,790) | 20,198 | 4,307

2024 | At 1 February 2023 £ | Advances to director £ | Repayments by director £ | At 31 January 2024 £
Directors | (15,857) | (10,000) | 11,755 | (14,101)

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.