Homes One Limited

(Registration number: 06240007)
Balance Sheet as at 31 March 2026

	Note	31.03.26		31.03.25
		£	£	£	£
FIXED ASSETS
Tangible assets	4		28,595		20,742
Other financial assets	5		50,174		50,174
			78,769		70,916
CURRENT ASSETS
Debtors	6	62,070		214,494
Cash at bank and in hand		212,991		215,256
		275,061		429,750
CREDITORS
Creditors within 1yr	7	26,787		87,645
Net current assets			248,274		342,105
Total assets less current liabilities			327,043		413,021
Creditors Amounts falling due after more than one year	7		15,889		-
PROVISIONS FOR LIABILITIES			-		(4,166)
Net assets			311,154		408,855
CAPITAL AND RESERVES
Called up share capital			60		60
Capital redemption reserve			40		40
Profit and loss account			311,054		408,755
Shareholders' funds			311,154		408,855

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Homes One Limited

(Registration number: 06240007)
Balance Sheet as at 31 March 2026 (continued)

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 9 July 2026
 

.........................................

K Bazzi - Director

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

These financial statements were authorised for issue by the director on 9 July 2026.

2.	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
 

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation method and rate
Land and buildings	Straight line over 3 years
Plant and machinery, etc	Straight line over 3 and 4 years
Motor Vehicle	Staight line over 5 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2025 - 0).

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

4.	Tangible assets

	Plant and machinery etc £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	4,096	33,999	38,095
Additions	-	35,744	35,744
Disposals	-	(33,999)	(33,999)
At 31 March 2026	4,096	35,744	39,840
Depreciation
At 1 April 2025	3,753	13,600	17,353
Charge for the year	343	7,149	7,492
Eliminated on disposal	-	(13,600)	(13,600)
At 31 March 2026	4,096	7,149	11,245
Carrying amount
At 31 March 2026	-	28,595	28,595
At 31 March 2025	343	20,399	20,742

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

5.	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	50,174	50,174
At 31 March 2026	50,174	50,174
Carrying amount
At 31 March 2026	50,174	50,174

6.

Debtors

Current	Note	31.03.26 £	31.03.25 £
Trade debtors		-	1,755
Amounts owed by related parties		60,000	30,000
Prepayments		1,000	1,643
Other debtors		1,070	181,096
		62,070	214,494

The related party loan is to a company under common control and no interest and repayment terms have been set.

Homes One Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

7.

Creditors

Creditors: amounts falling due within one year

	Note	31.03.26 £	31.03.25 £
Due within one year
Loans and borrowings	8	5,328	-
Trade creditors		1,391	1,900
Taxation and social security		14,376	81,245
Accruals and deferred income		4,700	4,500
Other creditors		992	-
		26,787	87,645