Company Registration No. 05361633 (England and Wales)
HOMEFIELD FINANCIAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
HOMEFIELD FINANCIAL LIMITED
COMPANY INFORMATION
Directors
Mr M Collins
Mrs S L Collins
Secretary
Mrs S L Collins
Company number
05361633
Registered office
Ladymead House
Pound Lane, Bishops Lydeard
Taunton
Somerset
TA4 3AY
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
HOMEFIELD FINANCIAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
HOMEFIELD FINANCIAL LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
5
39
116
Current assets
Cash at bank and in hand
141,389
211,003
Creditors: amounts falling due within one year
6
(8,886)
(25,559)
Net current assets
132,503
185,444
Total assets less current liabilities
132,542
185,560
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
132,540
185,558
Total equity
132,542
185,560

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 9 March 2026 and are signed on its behalf by:
Mr M Collins
Director
Company Registration No. 05361633
HOMEFIELD FINANCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 2 -
1
Accounting policies
Company information

Homefield Financial Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover represents amounts receivable for services.

When the outcome of a transaction can be estimated reliably, turnover from professional services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred as a proportion of total costs.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

1.3
Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment
25% reducing balance
Computer equipment
3 years straight line
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.5
Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

HOMEFIELD FINANCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2025 - 1).

3
Taxation
2026
2025
£
£
Current tax
UK corporation tax on profits for the current period
6,427
24,450

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2026
2025
£
£
Profit before taxation
27,409
98,658
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2025: 25.00%)
6,852
24,665
Tax effect of expenses that are not deductible in determining taxable profit
541
321
Effect of change in corporation tax rate
(815)
(386)
Depreciation add back
19
20
Capital allowances
(170)
(170)
Taxation for the year
6,427
24,450
HOMEFIELD FINANCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 4 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2025 and 28 February 2026
17,000
Amortisation and impairment
At 1 March 2025 and 28 February 2026
17,000
Carrying amount
At 28 February 2026
-
0
At 28 February 2025
-
0
5
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 March 2025 and 28 February 2026
761
6,413
7,174
Depreciation and impairment
At 1 March 2025
709
6,349
7,058
Depreciation charged in the year
13
64
77
At 28 February 2026
722
6,413
7,135
Carrying amount
At 28 February 2026
39
-
0
39
At 28 February 2025
52
64
116
6
Creditors: amounts falling due within one year
2026
2025
£
£
Corporation tax
6,339
24,450
Other creditors
1,422
4
Accruals and deferred income
1,125
1,105
8,886
25,559
HOMEFIELD FINANCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 5 -
7
Called up share capital
2026
2025
£
£
Ordinary share capital
Issued and fully paid
Ordinary shares of £1 each
-
0
2
1 Ordinary A shares of £1 each
1
-
0
1 Ordinary B shares of £1 each
1
-
0
2
2
2026-02-28 2025-03-01 false false false 09 March 2026 CCH Software CCH Accounts Production 2025.100 mortgage consultant Mr M Collins Mrs S L Collins Mrs S L Collins 05361633 2025-03-01 2026-02-28 05361633 bus:Director1 2025-03-01 2026-02-28 05361633 bus:CompanySecretaryDirector1 2025-03-01 2026-02-28 05361633 bus:CompanySecretary1 2025-03-01 2026-02-28 05361633 bus:Director2 2025-03-01 2026-02-28 05361633 bus:RegisteredOffice 2025-03-01 2026-02-28 05361633 2026-02-28 05361633 2025-02-28 05361633 core:FurnitureFittings 2026-02-28 05361633 core:ComputerEquipment 2026-02-28 05361633 core:FurnitureFittings 2025-02-28 05361633 core:ComputerEquipment 2025-02-28 05361633 core:CurrentFinancialInstruments 2026-02-28 05361633 core:CurrentFinancialInstruments 2025-02-28 05361633 core:ShareCapital 2026-02-28 05361633 core:ShareCapital 2025-02-28 05361633 core:RetainedEarningsAccumulatedLosses 2026-02-28 05361633 core:RetainedEarningsAccumulatedLosses 2025-02-28 05361633 core:ShareCapitalOrdinaryShareClass1 2026-02-28 05361633 core:ShareCapitalOrdinaryShareClass1 2025-02-28 05361633 core:ShareCapitalOrdinaryShareClass2 2026-02-28 05361633 core:ShareCapitalOrdinaryShareClass2 2025-02-28 05361633 core:ShareCapitalOrdinaryShareClass3 2026-02-28 05361633 core:ShareCapitalOrdinaryShareClass3 2025-02-28 05361633 core:ShareCapitalOrdinaryShares 2026-02-28 05361633 core:ShareCapitalOrdinaryShares 2025-02-28 05361633 core:FurnitureFittings 2025-03-01 2026-02-28 05361633 core:ComputerEquipment 2025-03-01 2026-02-28 05361633 2024-03-01 2025-02-28 05361633 core:UKTax 2025-03-01 2026-02-28 05361633 core:UKTax 2024-03-01 2025-02-28 05361633 1 2025-03-01 2026-02-28 05361633 1 2024-03-01 2025-02-28 05361633 2 2025-03-01 2026-02-28 05361633 2 2024-03-01 2025-02-28 05361633 core:NetGoodwill 2025-02-28 05361633 core:NetGoodwill 2026-02-28 05361633 core:NetGoodwill 2025-02-28 05361633 core:FurnitureFittings 2025-02-28 05361633 core:ComputerEquipment 2025-02-28 05361633 2025-02-28 05361633 bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 05361633 bus:FRS102 2025-03-01 2026-02-28 05361633 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 05361633 bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 05361633 bus:FullAccounts 2025-03-01 2026-02-28 xbrli:pure xbrli:shares iso4217:GBP