REGISTERED NUMBER: 12984958 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Homeview Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S F Cranny

REGISTERED OFFICE:

7 Soundwell Road

Bristol

BS16 4QG

REGISTERED NUMBER:

12984958 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Tangible assets

4

394,501

391,535

CURRENT ASSETS

Cash at bank

40,810

72,465

CREDITORS

Amounts falling due within one year

5

(461,442

)

(488,446

)

NET CURRENT LIABILITIES

(420,632

)

(415,981

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,131

)

(24,446

)

CREDITORS

Amounts falling due after more than one year

6

(399

)

(58

)

NET LIABILITIES

(26,530

)

(24,504

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7

(26,532

)

(24,506

)

(26,530

)

(24,504

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 October 2025 and were signed by:

S F Cranny - Director

1.	STATUTORY INFORMATION

Homeview Property Ltd 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.

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.

Tangible fixed assets

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

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

391,535

Additions

2,966

At 31 March 2025

394,501

NET BOOK VALUE

At 31 March 2025

394,501

At 31 March 2024

391,535

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

244,107

244,107

Other loans

199,000

199,000

Trade creditors

144

144

Accruals and deferred income

18,191

45,195

461,442

488,446

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

No description

(43

)

-

Directors' loan accounts

442

58

399

58

7.

RESERVES

Retained

earnings

£

At 1 April 2024

(24,506

)

Deficit for the year

(2,026

)

At 31 March 2025

(26,532

)

8.	RELATED PARTY DISCLOSURES

At the year end, the company held a loan from a related party Homeview Developments Ltd of £199,000 to assist with the purchase of the property. This loan will be repayable once funds become available from the rental income.

Another related party, MNH Developments Ltd, provided work to fund the improvements of the property totalling £44,535 at 31 March 2024. £30,000 of this was repaid in the year leaving a balance due of £17,501 to be repaid which includes a small amount of work done earlier in this year. This will be invoiced for in the next financial year when the project reaches completion.