Homes One Limited

Profit and Loss Account for the Year Ended 31 March 2025

	Note	31.03.25		31.03.24
		£	£	£	£
TURNOVER			423,663		254,665
Cost of sales			(38,000)		(3,105)
GROSS PROFIT			385,663		251,560
Administrative expenses		128,351		164,916
			(128,351)		(164,916)
Operating profit			257,312		86,644
Other interest receivable and similar income		18,380		10,092
Interest payable and similar expenses		-		-
			18,380		10,092
Profit before tax			275,692		96,736
Tax on profit			(72,188)		(25,014)
PROFIT/(LOSS) FOR FINANCIAL YEAR			203,504		71,722

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Homes One Limited

(Registration number: 06240007)
Balance Sheet as at 31 March 2025

	Note	31.03.25		31.03.24
		£	£	£	£
FIXED ASSETS
Tangible assets	4		20,742		21,594
Other financial assets	5		50,174		50,174
			70,916		71,768
CURRENT ASSETS
Debtors	6	214,494		134,605
Cash at bank and in hand		215,256		148,954
		429,750		283,559
CREDITORS
Creditors within 1yr	7	87,645		29,577
Net current assets			342,105		253,982
Total assets less current liabilities			413,021		325,750
PROVISIONS FOR LIABILITIES			(4,166)		(5,399)
Net assets			408,855		320,351
CAPITAL AND RESERVES
Called up share capital			60		60
Capital redemption reserve			40		40
Profit and loss account			408,755		320,251
Shareholders' funds			408,855		320,351

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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.

Homes One Limited

(Registration number: 06240007)
Balance Sheet as at 31 March 2025 (continued)

Approved and authorised by the director on 10 December 2025
 

.........................................

K Bazzi - Director

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

These financial statements were authorised for issue by the director on 10 December 2025.

2.	Accounting policies

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.

The presentational currency is Pound Sterling (£).

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

Tax

The tax expense for the period comprises current 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 income 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.

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

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

Asset class	Depreciation method and rate
Land and buildings	Straight line over 3 years
Plant and machinery, etc	Straight line over 3 and 4 years
Motor Vehicle	Staight line over 5 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3.	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4.	Tangible assets

	Plant and machinery etc £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	4,096	25,499	29,595
Additions	-	8,500	8,500
At 31 March 2025	4,096	33,999	38,095
Depreciation
At 1 April 2024	3,411	4,590	8,001
Charge for the year	342	9,010	9,352
At 31 March 2025	3,753	13,600	17,353
Carrying amount
At 31 March 2025	343	20,399	20,742
At 31 March 2024	685	20,909	21,594

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5.	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	50,174	50,174
At 31 March 2025	50,174	50,174
Carrying amount
At 31 March 2025	50,174	50,174

6.

Debtors

Current	31.03.25 £	31.03.24 £
Trade debtors	1,755	-
Prepayments	1,643	1,604
Other debtors	211,096	133,001
	214,494	134,605

Included in other debtors is £52,657 owed by the director and £128,348 by a related party which was repaid within 9 months of the year-end and carries interest at the HMRC official rate. Also, a loan to a related party of £30,000 on which no interest or repayment terms have been set.
 

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7.

Creditors

Creditors: amounts falling due within one year

	31.03.25 £	31.03.24 £
Due within one year
Trade creditors	1,900	1,943
Taxation and social security	81,245	23,434
Accruals and deferred income	4,500	4,200
	87,645	29,577