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Company Registration No. 08290780 (England and Wales)
Homeslice Limited Unaudited accounts for the year ended 31 March 2025
Homeslice Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Homeslice Limited Company Information for the year ended 31 March 2025
Directors
Alan Wogan Mark Wogan
Company Number
08290780 (England and Wales)
Registered Office
1066 London Road Leigh-On-Sea Essex SS9 3NA United Kingdom
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Homeslice Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
45,586
58,088
Current assets
Inventories
-
3,948
Debtors
5
3,554,841
3,645,754
Cash at bank and in hand
269
3,841
3,555,110
3,653,543
Creditors: amounts falling due within one year
6
(305,015)
(402,310)
Net current assets
3,250,095
3,251,233
Total assets less current liabilities
3,295,681
3,309,321
Creditors: amounts falling due after more than one year
7
(4,124,079)
(4,109,171)
Provisions for liabilities
Deferred tax
(11,400)
(11,400)
Net liabilities
(839,798)
(811,250)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(839,898)
(811,350)
Shareholders' funds
(839,798)
(811,250)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by
Mark Wogan Director Company Registration No. 08290780
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Homeslice Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Homeslice Limited is a private company, limited by shares, registered in England and Wales, registration number 08290780. The registered office is 1066 London Road, Leigh-On-Sea, Essex, SS9 3NA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years
Plant & machinery
5 years
Fixtures & fittings
5 years
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Homeslice Limited Notes to the Accounts for the year ended 31 March 2025
Going concern
The company experienced a significant reduction in trading during the year and, on 2 December 2024, entered administration, with joint administrators appointed from Begbies Traynor (Central) LLP. The administrators proposed a company voluntary arrangement (the CVA) under Part I of the Insolvency Act 1986. The proposal, with modifications, was approved by the members and creditors of the company on 1 August 2025 and the arrangement took effect on that date. Dominik Thiel-Czerwinke and Louise Donna Baxter of Begbies Traynor (Central) LLP were appointed joint supervisors of the arrangement. The administration ended on 9 October 2025, since when the company has continued to trade under the control of its directors, subject to the terms of the CVA. The directors have assessed the company’s ability to continue as a going concern for a period of at least twelve months from the date on which these financial statements were authorised for issue. In making that assessment they have prepared detailed cash flow forecasts covering that period, reflecting current trading and the contributions payable under the CVA. Those forecasts show that the company is expected to generate sufficient cash flows to meet its obligations under the CVA and its other liabilities as they fall due. The directors have also had regard to the continuing support of the company’s shareholder and fellow group undertakings. The company’s ability to continue as a going concern is dependent upon its continued compliance with the terms of the CVA and upon achieving the levels of trading and cash generation assumed in the directors’ forecasts. These conditions indicate the existence of a material uncertainty which may cast significant doubt upon the company’s ability to continue as a going concern. Having considered the forecasts, the terms of the CVA and the support available to the company, the directors have a reasonable expectation that the company will continue in operational existence for at least twelve months from the date of approval of these financial statements, and they consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern, such as the restatement of assets to their recoverable amounts, the reclassification of fixed assets and long term liabilities as current, or provision for any further liabilities that might arise.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
112,190
165,577
97,383
375,150
At 31 March 2025
112,190
165,577
97,383
375,150
Depreciation
At 1 April 2024
80,252
139,745
97,065
317,062
Charge for the year
3,676
8,508
318
12,502
At 31 March 2025
83,928
148,253
97,383
329,564
Net book value
At 31 March 2025
28,262
17,324
-
45,586
At 31 March 2024
31,938
25,832
318
58,088
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Homeslice Limited Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
7,334
5,134
Other debtors
1,382
13,680
8,716
18,814
Amounts falling due after more than one year
Other debtors
3,546,125
3,626,940
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
53,541
52,993
Trade creditors
127,264
98,353
Other creditors
-
117,173
Accruals
124,210
133,791
305,015
402,310
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
354,044
392,880
Other creditors
3,770,035
3,716,291
4,124,079
4,109,171
8
Post balance sheet events
The company entered administration on 2 December 2024. The administrators’ proposal for a company voluntary arrangement under Part I of the Insolvency Act 1986 was approved, with modifications, by the members and creditors of the company on 1 August 2025 and the arrangement took effect on that date. Dominik Thiel-Czerwinke and Louise Donna Baxter of Begbies Traynor (Central) LLP were appointed joint supervisors. The administration ended on 9 October 2025 and control of the company returned to its directors. Under the arrangement the company will make contributions for distribution to its creditors, and the liabilities bound by the arrangement will be compromised in accordance with its terms on successful completion. These are non adjusting events. The liabilities subject to the arrangement are stated in these financial statements at their full contractual amounts; the financial effect of the compromise will depend on the outcome of the arrangement and cannot yet be estimated reliably. See also the going concern note.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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