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Registered number: 07326871
Homes 21 Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
The Countryside Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07326871
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 288 383
Investments 5 108,241 89,000
108,529 89,383
CURRENT ASSETS
Debtors 6 28 20,967
Cash at bank and in hand 79,829 82,397
79,857 103,364
Creditors: Amounts Falling Due Within One Year 7 (754 ) -
NET CURRENT ASSETS (LIABILITIES) 79,103 103,364
TOTAL ASSETS LESS CURRENT LIABILITIES 187,632 192,747
Creditors: Amounts Falling Due After More Than One Year 8 95,037 99,874
NET ASSETS 282,669 292,621
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 282,668 292,620
SHAREHOLDERS' FUNDS 282,669 292,621
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kevin Ward
Director
27th May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Homes 21 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07326871 . The registered office is 45 Burton Street Burton Street, Melton Mowbray, LE13 1AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25%
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 916
As at 31 March 2025 916
Depreciation
As at 1 April 2024 533
Provided during the period 95
As at 31 March 2025 628
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 288
As at 1 April 2024 383
5. Investments
Associates
£
Cost
As at 1 April 2024 89,000
Additions 19,241
As at 31 March 2025 108,241
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 108,241
As at 1 April 2024 89,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 28 20,967
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 26 -
Other creditors 371 -
Taxation and social security 357 -
754 -
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans (95,037 ) (99,874 )
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4
Page 5
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Kevin Ward 20,946 - 21,321 - (375 )
The above loan is unsecured, interest free and repayable on demand.
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