Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| 764,376 | 830,157 | |||
| Creditors: amounts falling due within one year | 4 | (
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(
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| Net current assets | 468,019 | 468,752 | ||
| Total assets less current liabilities | 468,019 | 468,752 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 5 |
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| Profit and loss account |
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| Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Homewood (South West) Limited (registered number:
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Mr D J Ralls
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Homewood (South West) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is First Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Amounts owed by directors |
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| VAT recoverable |
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| Other debtors |
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| £ | £ | ||
| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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Transactions with the entity's directors
| 2025 | 2024 | ||
| £ | £ | ||
| Director | (151,106) | (195,032) |
During the year advances totalling £6,508 were made to the director, and repayments totalling £50,434 were made by the director. As at 31 August 2025 the amount due to the company was £151,106.
Interest is charged on the loan at HMRC's official rate of interest, and the loan is repayable on demand.
Summary of transactions with other related parties
During the year the company had the following related party transactions:
Mayne Investments Limited
(A company related by way of its directors, Mr D J Ralls and Mr A J Ralls)
Included in other creditors is a loan of £206,540 (2024: £246,474) from Mayne Investments Limited.
Landmark Southern Limited
(A company related by way of its directors, Mr D J Ralls and Mr A J Ralls)
Included in other debtors in a loan of £159,447 (2024: £165,947) to Landmark Southern Limited.
Propco South West Limited
(A company related by way of its director, Mr D J Ralls and Mr A J Ralls)
Included in other debtors is a loan of £380,777 (2024: £380,777) to Propco South West Limited.
K&M (South West) Limited
(A company related by way of its directors, Mr D J Ralls and Mr A J Ralls)
Included in other debtors is a loan of £7,180 (2024: £7,180) to K&M (South West) Limited.