Company Registration No. 08290780 (England and Wales)
Homeslice Limited
Unaudited accounts
for the year ended 31 March 2024
Homeslice Limited
Unaudited accounts
Contents
Homeslice Limited
Company Information
for the year ended 31 March 2024
Directors
Alan Wogan
Mark Wogan
Company Number
08290780 (England and Wales)
Registered Office
1066 London Road
Leigh-On-Sea
Essex
SS9 3NA
United Kingdom
Homeslice Limited
Statement of financial position
as at 31 March 2024
Tangible assets
58,088
56,957
Debtors
3,645,754
3,615,838
Cash at bank and in hand
3,841
(150)
Creditors: amounts falling due within one year
(402,310)
(314,280)
Net current assets
3,251,233
3,307,618
Total assets less current liabilities
3,309,321
3,364,575
Creditors: amounts falling due after more than one year
(4,109,171)
(4,089,998)
Provisions for liabilities
Deferred tax
(11,400)
(11,400)
Net liabilities
(811,250)
(736,823)
Called up share capital
100
100
Profit and loss account
(811,350)
(736,923)
Shareholders' funds
(811,250)
(736,823)
For the year ending 31 March 2024 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
Homeslice Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
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:
Fixtures & fittings
5 years
Homeslice Limited
Notes to the Accounts
for the year ended 31 March 2024
The company experienced a significant reduction in trading after the year end 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.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
104,610
152,827
97,383
354,820
Additions
7,580
12,750
-
20,330
At 31 March 2024
112,190
165,577
97,383
375,150
At 1 April 2023
75,382
127,752
94,729
297,863
Charge for the year
4,870
11,993
2,336
19,199
At 31 March 2024
80,252
139,745
97,065
317,062
At 31 March 2024
31,938
25,832
318
58,088
At 31 March 2023
29,228
25,075
2,654
56,957
Homeslice Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
5,134
20,231
Other debtors
13,680
35,566
Amounts falling due after more than one year
Other debtors
3,626,940
3,559,867
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
98,353
155,055
Other creditors
117,173
38,654
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
392,880
458,084
Other creditors
3,716,291
3,631,914
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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.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).