Registration number: 10137746

Homesnag Inspections Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Homesnag Inspections Limited

(Registration number: 10137746)
Balance Sheet as at 29 April 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	2,475	2,925
Tangible assets	5	15,480	21,934
Investments	6	20,719	20,719
		38,674	45,578
Current assets
Debtors	7	44,049	136,645
Cash at bank and in hand		72,790	96,107
		116,839	232,752
Creditors: Amounts falling due within one year	8	(138,865)	(237,453)
Net current liabilities		(22,026)	(4,701)
Total assets less current liabilities		16,648	40,877
Creditors: Amounts falling due after more than one year	8	(12,885)	(17,001)
Provisions for liabilities		(3,411)	(4,723)
Net assets		352	19,153
Capital and reserves
Called up share capital		10	1
Retained earnings		342	19,152
Shareholders' funds		352	19,153

Homesnag Inspections Limited

(Registration number: 10137746)
Balance Sheet as at 29 April 2025

For the financial year ending 29 April 2025 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 October 2025
 

......................................... T J Britton Director

Homesnag Inspections Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 April 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:
Office 1
Izabella House
24-26 Regent Place
Birmingham
B1 3NJ
England

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.

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 sales/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.

Homesnag Inspections Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 April 2025

Tax

The tax expense for the period comprises current and deferred 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 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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
Plant and machinery	25% straight line basis
Computer equipment	15% straight line basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Intangible assets

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and
subsequent accumulated impairment losses.
The cost of intangible assets includes directly attributable incremental costs incurred in their acquisition and
installation.

Homesnag Inspections Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 April 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website costs	15% straight line basis

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 the director) during the year, was 10 (2024 - 9).

Homesnag Inspections Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 April 2025

4	Intangible assets

	Website costs £	Total £
Cost or valuation
At 30 April 2024	3,000	3,000
At 29 April 2025	3,000	3,000
Amortisation
At 30 April 2024	75	75
Amortisation charge	450	450
At 29 April 2025	525	525
Carrying amount
At 29 April 2025	2,475	2,475
At 29 April 2024	2,925	2,925

5	Tangible assets

	Plant and Machinery  £	Total £
Cost or valuation
At 30 April 2024	50,207	50,207
Additions	2,213	2,213
Disposals	(3,070)	(3,070)
At 29 April 2025	49,350	49,350
Depreciation
At 30 April 2024	28,273	28,273
Charge for the year	6,829	6,829
Eliminated on disposal	(1,232)	(1,232)
At 29 April 2025	33,870	33,870
Carrying amount
At 29 April 2025	15,480	15,480
At 29 April 2024	21,934	21,934

Homesnag Inspections Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 April 2025

6	Investments

	2025 £	2024 £
Investments in associates	20,719	20,719