REGISTERED NUMBER: 04888447 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2023 to 31 March 2025

for

Home From Home Property Management

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Ottley

E J Ottley

SECRETARY:

E J Ottley

REGISTERED OFFICE:

Eldo House

Kempson Way

Bury St Edmunds

Suffolk

IP32 7AR

REGISTERED NUMBER:

04888447 (England and Wales)

ACCOUNTANTS:

Knights Lowe Chartered Accountants

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Tangible assets

4

116,108

120,203

Investment property

5

302,652

302,652

418,760

422,855

CURRENT ASSETS

Debtors

6

234,614

275,266

Cash at bank and in hand

5,835

82,025

240,449

357,291

CREDITORS

Amounts falling due within one year

7

214,957

184,616

NET CURRENT ASSETS

25,492

172,675

TOTAL ASSETS LESS CURRENT LIABILITIES

444,252

595,530

CREDITORS

Amounts falling due after more than one year

8

(126,526

)

(168,785

)

PROVISIONS FOR LIABILITIES

11

-

(4,818

)

NET ASSETS

317,726

421,927

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

317,626

421,827

SHAREHOLDERS' FUNDS

317,726

421,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 29 September 2025 and were signed on its behalf by:

E J Ottley - Director

Mrs S Ottley - Director

1.	STATUTORY INFORMATION

Home From Home Property Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

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

Management fees are recognised in the accounts when the company earns the the right to receive consideration for services provided with adjustments made to accrued income in debtors for work completed in the year but not invoiced, and deferred income for amounts invoiced in advance.

Rental income is recognised in the accounts to reflect the period the rental income relates to, with adjustments made to deferred income for any amounts invoiced in advance or accrued income for amounts invoiced in arrears.

Tangible fixed assets

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

Leasehold property

-

not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

The measurement basis for leasehold property is at fair value, on a revaluation basis.

Plant, machinery and all other tangible fixed assets are held at historic cost, less accumulated depreciation.The directors estimate residual values on an asset by asset basis and apply depreciation accordingly.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, such as loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Impairment

At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 21 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2023

100,883

42,678

143,561

Additions

-

1,319

1,319

At 31 March 2025

100,883

43,997

144,880

DEPRECIATION

At 1 October 2023

-

23,358

23,358

Charge for period

-

5,414

5,414

At 31 March 2025

-

28,772

28,772

NET BOOK VALUE

At 31 March 2025

100,883

15,225

116,108

At 30 September 2023

100,883

19,320

120,203

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

100,883

43,997

144,880

If leasehold property had not been revalued they would have been included at the following historical cost:

2025

2023

£

£

Cost

100,883

100,883

Aggregate depreciation

32,284

30,266

Leasehold property was valued on an open market basis on 31 March 2025 by the Directors .

The directors consider that the most appropriate basis to include leasehold property is on a revaluation basis.

Leasehold property has therefore been revalued in the year.

Leasehold property with a cost of £100,883 were valued on an open market basis on 31 March 2025 by the Directors. The directors have considered the market value of the property to be the same as its original cost.

The directors consider these valuations to be the current fair value on an open market basis.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 31 March 2025

302,652

NET BOOK VALUE

At 31 March 2025

302,652

At 30 September 2023

302,652

Investment property has been included at cost as the directors believe this represents the market value of the property.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

43,034

45,075

Amounts owed by group undertakings

27,953

25,407

Amounts owed by associates

65,710

3,729

Other debtors

97,917

201,055

234,614

275,266

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Bank loans and overdrafts

29,024

25,648

Trade creditors

17,886

15,028

Amounts owed to group undertakings

5,000

-

Taxation and social security

35,615

44,116

Other creditors

127,432

99,824

214,957

184,616

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2023

£

£

Bank loans

126,526

168,785

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - over 5 years

23,390

71,331

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2023

£

£

Within one year

28,633

8,956

Between one and five years

20,299

6,717

48,932

15,673

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2023

£

£

Bank loan

143,690

167,767

The bank borrowings are secured against fixed and floating charges over the leasehold properties.

11.	PROVISIONS FOR LIABILITIES

2025

2023

£

£

Deferred tax

Accelerated capital allowances

-

4,818

Deferred

tax

£

Balance at 1 October 2023

4,818

Utilised during period

(4,818

)

Balance at 31 March 2025

-

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2023

value:

£

£

100

Ordinary

£1

100

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2025 and the year ended 30 September 2023:

2025

2023

£

£

E J Ottley and Mrs S Ottley

Balance outstanding at start of period

67,300

27,271

Amounts advanced

145,606

136,905

Amounts repaid

(212,906

)

(96,876

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

67,300