Home Rent West Wales Limited


Directors	G G Perfect
	C A Perfect


Registered Address	Ffynnonddofn
	74 High Street
	Fishguard
	SA65 9AU


Registered Number	07990567 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		37,587		47,064
			37,587		47,064
Current assets
Debtors	4	2,285,914		2,073,196
Cash at bank and on hand		6,555		19,878
		2,292,469		2,093,074
Creditors amounts falling due within one year	5	(1,534,877)		(1,415,249)
Net current assets (liabilities)			757,592		677,825
Total assets less current liabilities			795,179		724,889
Creditors amounts falling due after one year	6		(30,232)		(34,974)
Net assets			764,947		689,915
Capital and reserves
Called up share capital			10		10
Profit and loss account			764,937		689,905
Shareholders' funds			764,947		689,915

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2025, and are signed on its behalf by:

G G Perfect
Director
Registered Company No. 07990567

Home Rent West Wales Limited

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation.


	Reducing balance (%)	Straight line (years)
Land and buildings	-	25
Vehicles	25	-

2.	Average number of employees
	There were no employees during the years ended 31 March 2025 and 31 March 2024.


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Vehicles	Total
	£	£	£
Cost or valuation
At 01 April 24	20,411	51,085	71,496
At 31 March 25	20,411	51,085	71,496
Depreciation and impairment
At 01 April 24	8,022	16,410	24,432
Charge for year	808	8,669	9,477
At 31 March 25	8,830	25,079	33,909
Net book value
At 31 March 25	11,581	26,006	37,587
At 31 March 24	12,389	34,675	47,064

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	2,554	2,655
Other debtors	2,283,360	2,070,541
Total	2,285,914	2,073,196

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	4,745	4,537
Taxation and social security	29,629	12,629
Other creditors	1,495,649	1,378,082
Accrued liabilities and deferred income	4,854	20,001
Total	1,534,877	1,415,249


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	30,232	34,974
Total	30,232	34,974

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
G G Perfect	68,867	249,540	273,335	45,072
	68,867	249,540	273,335	45,072


	Funds have been introduced since the year end to clear the overdrawn amount