Company Registration No. 12679460 (England and Wales)
Homesly Properties Ltd
Unaudited accounts
for the year ended 30 June 2025
Homesly Properties Ltd
Unaudited accounts
Contents
Homesly Properties Ltd
Statement of financial position
as at 30 June 2025
Investment property
2,135,000
1,823,000
Cash at bank and in hand
9,917
127,531
Creditors: amounts falling due within one year
(150,375)
(148,744)
Net current assets
1,124
68,927
Total assets less current liabilities
2,136,124
1,891,927
Creditors: amounts falling due after more than one year
(1,802,406)
(1,559,699)
Provisions for liabilities
Deferred tax
(172,199)
(150,000)
Net assets
161,519
182,228
Called up share capital
2
2
Profit and loss account
161,517
182,226
Shareholders' funds
161,519
182,228
For the year ending 30 June 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 8 August 2026 and were signed on its behalf by
Sudhir Talluri
Director
Company Registration No. 12679460
Homesly Properties Ltd
Notes to the Accounts
for the year ended 30 June 2025
Homesly Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12679460. The registered office is 810 Sidcup Road, London, SE9 3NS.
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.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 July 2024
1,823,000
Net gain from fair value adjustments
113,796
Investment property comprises properties held by the company for the purpose of rental income and capital appreciation. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.
Amounts falling due within one year
Other debtors
141,582
90,140
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
2,626
-
Other creditors
147,749
148,744
Homesly Properties Ltd
Notes to the Accounts
for the year ended 30 June 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,328,266
1,019,956
Other creditors
474,140
539,743
8
Average number of employees
During the year the average number of employees was 6 (2024: 2).