Home Ventures Limited


FINANCIAL STATEMENTS


for the year ended 31st August 2025



Home Ventures Limited

CONTENTS

for the year ended 31st August 2025







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Home Ventures Limited

Company No. 15043485

STATEMENT OF FINANCIAL POSITION

as at 31st August 2025

2025 2024
Note £ £ £
FIXED ASSETS
Property, plant and equipment 4 - 76256
- 76256
CURRENT ASSETS
Debtors 5 1714 -
Cash at bank and in hand 30 4510
1744 4510
CURRENT LIABILITIES
Creditors: amounts falling due
within one year 6 768 80721
NET CURRENT ASSETS/(LIABILITIES) 976 (76211)
TOTAL ASSETS LESS CURRENT LIABILITIES 976 45
 
Creditors: amounts falling due
after more than one year - -
 
NET ASSETS 976 45
 
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 974 43
SHAREHOLDERS FUNDS 976 45

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st August 2025 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 26 May 2026


Omotola Oluwaseyi Fatusin

Director

Company Number 15043485 (England)

Home Ventures Limited

NOTES TO THE ACCOUNTS

for the year ended 31st August 2025


1   Statutory information

Home Ventures Limited is a private company limited by shares and registered under company number 15043485 in England. Its registered office address is Unit 82a James Carter Road, Mildenhall, Bury St. Edmunds, IP28 7DE.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2024 - 1).

4   Property, plant and equipment
 
Land and
Buildings Total
£ £
Cost
At 1st September 2024 76256 76256
Disposals (76256) (76256)
At 31st August 2025 - -
 
Depreciation
At 1st September 2024 and
At 31st August 2025 - -
 
Net Book Value
At 31st August 2025 - -
At 31st August 2024 76256 76256

5   Debtors 2025 2024
£ £
 
Other debtors 1714 -
1714 -

6   Creditors: amounts falling due within one year 2025 2024
£ £
 
Corporation tax 228 10
Other creditors 540 80711
768 80721

7   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

2025 2024
£ £
 
Omotola Oluwaseyi Fatusin - 80171
- 80171

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