Company registration number 10012927 (England and Wales)
HOMEMADE (PICKWELL) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
HOMEMADE (PICKWELL) LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HOMEMADE (PICKWELL) LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Investment property
3
5,648,522
5,615,893
Current assets
Debtors
4
258,156
336,277
Cash at bank and in hand
12,375
-
0
270,531
336,277
Creditors: amounts falling due within one year
5
(2,311,591)
(2,370,731)
Net current liabilities
(2,041,060)
(2,034,454)
Total assets less current liabilities
3,607,462
3,581,439
Creditors: amounts falling due after more than one year
6
(2,264,701)
(2,300,394)
Provisions for liabilities
(265,236)
(265,236)
Net assets
1,077,525
1,015,809
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
7
853,592
853,592
Distributable profit and loss reserves
223,833
162,117
Total equity
1,077,525
1,015,809
HOMEMADE (PICKWELL) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -

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

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 October 2025 and are signed on its behalf by:
Mr S P Baker
Mr R I Elliott
Director
Director
Company registration number 10012927 (England and Wales)
HOMEMADE (PICKWELL) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Homemade (Pickwell) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Pickwell Manor, Georgeham, Braunton, Devon, EX33 1LA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

HOMEMADE (PICKWELL) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
3
Investment property
2025
£
Fair value
At 1 February 2024
5,615,893
Additions
32,629
At 31 January 2025
5,648,522

Investment property comprises twelve properties at the period end (2024 - twelve properties).

The fair values of the properties have been assessed by the directors at the period end taking into account current market conditions.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
7,156
22,042
Other debtors
251,000
314,235
258,156
336,277
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
34,044
45,350
Trade creditors
1,800
50,427
Corporation tax
20,641
2,195
Other taxation and social security
-
0
6,489
Other creditors
2,255,106
2,266,270
2,311,591
2,370,731

Bank loans and overdrafts includes a balance of £34,044 (2024 - £31,389) relating to the current portion of the company's bank loans. The bank loans are secured on fixed and floating charges over the properties and other assets of the company.

HOMEMADE (PICKWELL) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
5
Creditors: amounts falling due within one year
(Continued)
- 5 -

Included within o ther creditors i s a balance of £1,759,624 (20 24 - £1,789,695) owed to the directors.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
2,264,701
2,300,394
Creditors which fall due after five years are payable as follows:
Payable by instalments
2,070,577
2,145,954

Bank loans and overdrafts includes a balance of £2,264,701 (2024 - £2,300,394) relating to the non-current portion of the company's bank loans. The bank loans are secured on fixed and floating charges over the properties and other assets of the company.

7
Non-distributable profits reserve
2025
2024
£
£
At the beginning and end of the year
853,592
853,592

Non-distributable reserves comprise revaluations of investment properties, net of deferred tax provisions.

8
Related party transactions

Intercompany loans

At the year the company was owed £240,726 from four companies under common control (2024: £278,755)

At the year end the company owed £30,076 to a company under common control (2024: £nil).

The loans are interest free and repayable on demand.

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