REGISTERED NUMBER: 12057117 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Home James Cirencester Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S M Watson

REGISTERED OFFICE:

Oakley House

Tetbury

Cirencester

Gloucestershire

GL7 1US

REGISTERED NUMBER:

12057117 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

88,480

71,322

88,480

71,322

CURRENT ASSETS

Debtors

6

80,638

78,517

Cash at bank

30,378

26,502

111,016

105,019

CREDITORS

Amounts falling due within one year

7

67,472

75,129

NET CURRENT ASSETS

43,544

29,890

TOTAL ASSETS LESS CURRENT LIABILITIES

132,024

101,212

CREDITORS

Amounts falling due after more than one year

8

127,186

123,696

NET ASSETS/(LIABILITIES)

4,838

(22,484

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,738

(22,584

)

4,838

(22,484

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2026 and were signed by:

Mr S M Watson - Director

1.	STATUTORY INFORMATION

Home James Cirencester Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of six years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable

amount being estimated where such indicators exist. Where the carrying value exceeds the

recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for

possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable

amount of an individual asset, an estimate is made of the recoverable amount of the

cash-generating unit to which the asset belongs. The cash-generating unit is the smallest

identifiable group of assets that includes the asset and generates cash inflows that largely

independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the

acquisition date, allocated to each of the cash-generating units that are expected to benefit from

the synergies of the combination, irrespective of whether other assets or liabilities of the

company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the

contractual arrangement, as either financial assets, financial liabilities or equity instruments. An

equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of

financial position as assets and liabilities at the lower of the fair value of the assets and the

present value of the minimum lease payments, which is determined at the inception of the lease

term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding

lease liability using the effective interest method. Finance charges are allocated to each period

so as to produce a constant rate of interest on the remaining balance of the liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

34,440

AMORTISATION

At 1 August 2024

and 31 July 2025

34,440

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

105,217

2,217

107,434

Additions

38,517

948

39,465

At 31 July 2025

143,734

3,165

146,899

DEPRECIATION

At 1 August 2024

35,197

915

36,112

Charge for year

21,707

600

22,307

At 31 July 2025

56,904

1,515

58,419

NET BOOK VALUE

At 31 July 2025

86,830

1,650

88,480

At 31 July 2024

70,020

1,302

71,322

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,562

10,273

Other debtors

9,150

7,750

Directors' current accounts

60,926

57,089

Tax

-

3,405

80,638

78,517

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

32,362

50,230

Hire purchase contracts

16,369

17,657

Trade creditors

4,247

1,401

Tax

8,355

-

VAT

4,089

4,941

Accruals and deferred income

2,050

900

67,472

75,129

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

77,787

90,234

Hire purchase contracts

49,399

33,462

127,186

123,696

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Mr S M Watson

Balance outstanding at start of year

57,089

3,386

Amounts advanced

7,417

67,458

Amounts repaid

(3,580

)

(13,755

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

60,926

57,089