HomesNI Ltd 31/08/2025 iXBRL

Company registration number: NI720354

HomesNI Ltd

Unaudited financial statements

31 August 2025

-

HomesNI Ltd

Contents

Directors and other information

Directors' report

Accountants' report

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

HomesNI Ltd

Directors and other information


	Director	Mr Stephen Cousins


	Company number	NI720354


	Registered office	Boucher Place
		Belfast
		Co. Antrim
		BT12 6HT


	Accountants	McGuire + Farry Limited
		Emerson House
		14b Ballynahinch Road, Carryduff
		Belfast
		Co. Antrim
		BT8 8DN




	Bankers	Countingup
		3rd Floor
		71 Gloucester Place
		London
		W1U 8JW

HomesNI Ltd

Directors' report

Period ended 31 August 2025

The director presents this report and the unaudited financial statements of the company for the period ended 31 August 2025.

Director

The director who served the company during the period was as follows:

Mr Stephen Cousins

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 May 2026 and signed on behalf of the board by:

Mr Stephen Cousins

Director

HomesNI Ltd

Report to the director on the preparation of the

unaudited statutory financial statements of HomesNI Ltd

Period ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HomesNI Ltd for the period ended 31 August 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the director of HomesNI Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of HomesNI Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HomesNI Ltd and its director as a body for our work or for this report.

It is your duty to ensure that HomesNI Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of HomesNI Ltd. You consider that HomesNI Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of HomesNI Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

McGuire + Farry Limited

ACCA

Emerson House

14b Ballynahinch Road, Carryduff

Belfast

Co. Antrim

BT8 8DN

26 May 2026

HomesNI Ltd

Statement of comprehensive income

Period ended 31 August 2025

		Period
		ended
		31/08/25
	Note	£


Turnover		124,525
Cost of sales		( 2,612)
		_______
Gross profit		121,913

Administrative expenses		( 144,615)
		_______
Operating loss		( 22,702)

Loss before taxation	4	( 22,702)

Tax on loss		4,939
		_______
Loss for the financial period and total comprehensive income		( 17,763)
		_______

All the activities of the company are from continuing operations.

HomesNI Ltd

Statement of financial position

31 August 2025

		31/08/25
	Note	£	£

Fixed assets
Intangible assets	5	32,000
		_______
			32,000

Current assets
Debtors	6	15,957
Cash at bank and in hand		55,600
		_______
		71,557
Creditors: amounts falling due
within one year	7	( 13,559)
		_______
Net current assets			57,998
			_______
Total assets less current liabilities			89,998

Creditors: amounts falling due
after more than one year	8		( 112,500)

Provisions for liabilities			4,939

			_______
Net liabilities			( 17,563)
			_______

Capital and reserves
Called up share capital			200
Profit and loss account			( 17,763)
			_______
Shareholders deficit			( 17,563)
			_______

For the period ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period 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 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'.

These financial statements were approved by the board of directors and authorised for issue on 26 May 2026 , and are signed on behalf of the board by:

Mr Stephen Cousins

Director

Company registration number: NI720354

HomesNI Ltd

Statement of changes in equity

Period ended 31 August 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 27 August 2024	-	-	-

Loss for the period		( 17,763)	( 17,763)
	_______	_______	_______
Total comprehensive income for the period	-	( 17,763)	( 17,763)

Issue of shares	200		200
	_______	_______	_______
Total investments by and distributions to owners	200	-	200

	_______	_______	_______
At 31 August 2025	200	( 17,763)	( 17,563)
	_______	_______	_______

HomesNI Ltd

Notes to the financial statements

Period ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit 5a 2-26, Boucher Place, Belfast, Co. Antrim, BT12 6HT.

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.

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

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

Research and development

Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.

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

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Loss before taxation

Loss before taxation is stated after charging/(crediting):

				Period
				ended
				31/08/25
				£
	Amortisation of intangible assets			8,000
				_______

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 27 August 2024	-	-
Additions	40,000	40,000
	_______	_______
At 31 August 2025	40,000	40,000
	_______	_______
Amortisation
At 27 August 2024	-	-
Charge for the period	8,000	8,000
	_______	_______
At 31 August 2025	8,000	8,000
	_______	_______
Carrying amount
At 31 August 2025	32,000	32,000
	_______	_______

6. Debtors

			31/08/25
			£
	Trade debtors		8,498
			_______

7. Creditors: amounts falling due within one year

			31/08/25
			£
	Trade creditors		4,909
	Accruals and deferred income		8,650
			_______
			13,559
			_______

8. Creditors: amounts falling due after more than one year

			31/08/25
			£
	Other creditors		112,500
			_______