REGISTERED NUMBER: 02399000 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

HOMESTONE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Young

Mrs C Young

SECRETARY:

T D Young

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

02399000 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Tangible assets

4

224

299

Investment property

5

275,000

275,000

275,224

275,299

CURRENT ASSETS

Cash at bank

31,185

42,016

CREDITORS

Amounts falling due within one year

6

4,197

19,179

NET CURRENT ASSETS

26,988

22,837

TOTAL ASSETS LESS CURRENT LIABILITIES

302,212

298,136

PROVISIONS FOR LIABILITIES

38,720

38,720

NET ASSETS

263,492

259,416

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

173,997

173,997

Retained earnings

89,395

85,319

SHAREHOLDERS' FUNDS

263,492

259,416

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

Mrs C Young - Director

T D Young - Director

1.	STATUTORY INFORMATION

Homestone 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 as modified by the revaluation of certain assets.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents rental income receivable from the letting of the company's investment property during the year.

Rental income is recognised on a straight-line basis over the period of the lease to which it relates, in accordance with the terms of the relevant agreements. Turnover is measured at the fair value of consideration receivable.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property comprises land and buildings held to earn rentals and/or for capital appreciation rather than for use in the production or supply of goods or services or for administrative purposes.

Investment property is initially recognised at cost, including transaction costs. Subsequently, investment property is measured at fair value at each reporting date, with changes in fair value recognised in profit or loss for the period in accordance with FRS 102 Section 16.

Fair value is determined by the directors with reference to market evidence of comparable properties and other relevant factors. Where appropriate, external professional valuations may also be used.

No depreciation is provided in respect of investment property measured at fair value.

Where the fair value of investment property cannot be measured reliably without undue cost or effort, the property is accounted for as property, plant and equipment and depreciated over its expected useful economic life.

Deferred tax is recognised on the fair value gains arising on investment properties in accordance with the company's deferred tax accounting policy.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2024

and 31 August 2025

1,539

DEPRECIATION

At 1 September 2024

1,240

Charge for year

75

At 31 August 2025

1,315

NET BOOK VALUE

At 31 August 2025

224

At 31 August 2024

299

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

275,000

NET BOOK VALUE

At 31 August 2025

275,000

At 31 August 2024

275,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2025

212,717

Cost

62,283

275,000

If Investment property had not been revalued it would have been included at the following historical cost:

31.8.25

31.8.24

as restated

£

£

Cost

62,283

62,283

Investment property was valued on an open market basis on 31 August 2025 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

as restated

£

£

Taxation and social security

1,298

1,966

Other creditors

2,899

17,213

4,197

19,179

7.

RESERVES

Fair

value

reserve

£

At 1 September 2024

and 31 August 2025

173,997