Welcome Homes (Staffs) Limited 30/04/2025 iXBRL

Company registration number: 06423736

Welcome Homes (Staffs) Limited

Unaudited filleted financial statements

30 April 2025

Welcome Homes (Staffs) Limited

Contents

Statement of financial position

Notes to the financial statements

Welcome Homes (Staffs) Limited

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	1		1
		_______		_______
			1		1

Creditors: amounts falling due
within one year	7	( 50,120)		( 52,948)
		_______		_______
Net current liabilities			( 50,120)		( 52,948)
			_______		_______
Total assets less current liabilities			( 50,119)		( 52,947)

			_______		_______
Net liabilities			( 50,119)		( 52,947)
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			( 50,219)		( 53,047)
			_______		_______
Shareholders deficit			( 50,119)		( 52,947)
			_______		_______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Mrs Anneli Pearce

Director

Company registration number: 06423736

Welcome Homes (Staffs) Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Welcome Homes (Staffs) Limited, 98 Lancaster Road, Newcastle under Lyme, Staffordshire, ST5 1DS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on the going concern basis as disclosed in note 9 to the financial statments.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	663	662
	_______	_______
Tax on profit	663	662
	_______	_______

6. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 May 2024 and 30 April 2025	5,000	5,000
	_______	_______
Depreciation
At 1 May 2024 and 30 April 2025	4,999	4,999
	_______	_______
Carrying amount
At 30 April 2025	1	1
	_______	_______
At 30 April 2024	1	1
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	1,325	1,310
Director's loan account	3,153	1,678
Amounts owed to related company	45,642	49,960
	_______	_______
	50,120	52,948
	_______	_______

8. Related party transactions

Drainage Supplies UK Limited is considered to be a related party by virtue of being under common control. During the year, Drainage Supplies UK Limited was charged rent in the sum of £5,000 (2024: £5,000). At the year end, the company owed Drainage Supplies UK Limited the sum of £45,642 (2024: £49,960). The loan is interest free, unsecured and repayable on demand.Mrs Anneli Pearce is considered to be a related party by virtue of her directorship of and shareholding in the company. At the year end, the company owed Mrs Anneli Pearce £3,153 (2024: £1,678). The loan is interest free, unsecured and repayable on demand.

9. Going concern

As reflected within these financial statements, the company has reported a profit of £2,828 (2024: £2,820) and has a deficiency of assets of £50,119 (2024: 52,947). The company meets its day to day working capital requirements through support from Drainage Supplies UK Limited, a related party of the company and the company director. The financial statements have been prepared on a going concern basis, the validity of which depends upon the company's ability to continue to receive the financial support of Drainage Supplies UK Limited and the director. The financial statements do not include any adjustments that would result from a failure to obtain such support. It is the opinion of the director that the preparation of the financial statements on a going concern basis is appropriate.