Registered number: 12535561
Registered number: 12535561 Hometree Services Limited Annual Report and Unaudited Financial StatementsInformation For Filing With The RegistrarFor The Year Ended 31 March 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company information DirectorS J Phelan Registered number12535561 Registered officeHamilton House | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hometree Services Limited Table of contents
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Hometree Services Limited Balance sheet as at 31 March 2025
For the year ending 31 March 2025, the company was entitled to exemption from audit under section 479A of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the Single statement of comprehensive income in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf: 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hometree Services Limited Balance sheet as at 31 March 2025
Date: 28 April 2026 Company registration number 12535561 (England and Wales) 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hometree Services Limited Notes to the financial statements 1 Accounting policies Company information Hometree Services Limited ("the Company") is a private limited Company limited by shares, domiciled and incorporated in England and Wales. The registered office is Hamilton House, 4 Mabledon Place, King's Cross, London, WC1H 9BB. 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 amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. The Company has taken advantage of the exemption contained within Section 1A of FRS 102 and has not prepared a statement of cash flows. 1.2 Going concern The financial statements have been prepared on a going concern basis. The director has assessed the Company's ability to continue as a going concern, taking into account its current financial position, expected future trading performance and the continued support of the parent Company (Note 8). The director is not aware of any material uncertainties that would cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements. 1.3 Turnover Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from cover sales is recognised on a straight line basis over the period of cover provided. 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hometree Services Limited Notes to the financial statements 1 Accounting policies continued 1.4 Intangible fixed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
1.5 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. Bank overdrafts are shown within borrowings in current liabilities. 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hometree Services Limited Notes to the financial statements 1 Accounting policies continued 1.6 Financial instruments The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised. Impairment of financial assets Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. 5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hometree Services Limited Notes to the financial statements 1 Accounting policies continued 1.6 Financial instruments continued Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled. 1.7 Taxation The tax expense represents the sum of the tax currently payable and deferred tax. 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. 2 Employees The average monthly number of employees, including the director, during the year was as follows:
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Hometree Services Limited Notes to the financial statements 3 Intangible assets
4 Debtors
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Hometree Services Limited Notes to the financial statements 5 Creditors
6 Related party transactions The company has taken advantage of the exemption available under Section 33.1A of FRS 102 from disclosing transactions with wholly owned subsidiaries of the group. 7 Controlling party Hometree Marketplace Limited is the smallest and largest group to consolidate these financial statements. Consolidated accounts for Hometree Marketplace Limited and its subsidiaries are publically available from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ. 8 Exemption from audit For the year ending 31 March 2025 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies. The company is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies and the members have not required the company to obtain an audit of its accounts 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 accounts. 8 |