| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| HOME IMPULSE LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| HOME IMPULSE LTD |
| HOME IMPULSE LTD (REGISTERED NUMBER: 11264047) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| HOME IMPULSE LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 10 Jesus Lane |
| Cambridge |
| Cambridgeshire |
| CB5 8BA |
| HOME IMPULSE LTD (REGISTERED NUMBER: 11264047) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash and cash equivalents |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Fair value reserve | 13 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| HOME IMPULSE LTD (REGISTERED NUMBER: 11264047) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The financial statements were approved by the director and authorised for issue on |
| HOME IMPULSE LTD (REGISTERED NUMBER: 11264047) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Home Impulse Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rental income arising from the provision of accommodation. Rental income is recognised in the period to which it relates, in accordance with the terms of the tenancy or rental agreements in place. Income is recorded when the right to receive payment has arisen and it is probable that the associated economic benefits will be received. Turnover is measured at the fair value of the consideration receivable. The company is not registered for Value Added Tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment property |
| Investment property is measured initially at cost and then fair value at each reporting date. Fair value gains and losses are recognised in the profit and loss account in the year in which they arise. Deferred taxation is provided on these gains and losses at the rate expected to apply when the property is sold. |
| Further information can be found in the significant judgements and key sources of estimation uncertainty note. |
| Financial instruments |
| Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
| HOME IMPULSE LTD (REGISTERED NUMBER: 11264047) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| HOME IMPULSE LTD (REGISTERED NUMBER: 11264047) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 6. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 2025 | 2024 |
| £ | £ |
| Artwork | 3,600 | 3,600 |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Revaluations | (30,500 | ) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2021 | 98,559 |
| Valuation in 2022 | (55,500 | ) |
| Valuation in 2024 | (6,000 | ) |
| Valuation in 2025 | (30,500 | ) |
| Cost | 981,941 |
| 988,500 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 981,941 | 981,941 |
| Investment property was valued on an open market basis on 31 March 2025 by the director . |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| HOME IMPULSE LTD (REGISTERED NUMBER: 11264047) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| 11. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 1,558 | 9,265 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Provided during year | ( |
) |
| Balance at 31 March 2025 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary £1 | £1 | 3 | 3 |
| 13. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 April 2024 |
| Fair value transfer | (23,121 | ) |
| At 31 March 2025 |
| HOME IMPULSE LTD (REGISTERED NUMBER: 11264047) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 14. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, £9,818 (2024: £1,078,588) was owed to a director. The amount is unsecured, bears no interest, is repayable on demand and is included within other creditors. |
| At the balance sheet date, £1,079,312 (2024: £nil) was owed to an individual related to the directors and shareholders of the company. The amount is unsecured and interest free. Although the loan is informal and has no specified repayment terms, it is treated as repayable on demand for accounting purposes and is therefore included within creditors falling due within one year. Repayment is not expected in the foreseeable future. |
| 15. | SIGNIFICANT JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY |
| Significant judgements |
| In preparing the financial statements, the directors have exercised judgement in determining the fair value of the company’s properties at the reporting date. The valuations are based on local market data, recent comparable transactions and the directors’ assessment of market conditions, rather than on an independent professional valuation. The directors consider this approach to provide a reasonable estimate of fair value for the purpose of these financial statements. |
| Key sources of estimation uncertainty |
| The fair value of the properties is subject to estimation uncertainty due to the absence of a formal independent valuation and the inherent volatility of local property markets. Changes in market conditions, comparable sale evidence or other economic factors may result in material differences between the estimated fair value and actual amounts realised in the future. The directors do not consider that any reasonably possible change in key assumptions would result in a material adjustment to the carrying value at the reporting date. |
| 16. | GOING CONCERN |
| The financial statements have been prepared on a going concern basis. The director has assessed the company’s financial position and considers that there are no material uncertainties that cast significant doubt over the company’s ability to continue as a going concern for at least 12 months from the date of approval of these financial statements. |