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Registered number: 15440825
Home Close Northants Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 15440825
31 January 2026 31 January 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,385 15,203
Investment Properties 5 1,532,525 1,532,525
1,543,910 1,547,728
CURRENT ASSETS
Debtors 6 32,500 20,000
Cash at bank and in hand 1,751 13,243
34,251 33,243
Creditors: Amounts Falling Due Within One Year 7 (745,526 ) (797,664 )
NET CURRENT ASSETS (LIABILITIES) (711,275 ) (764,421 )
TOTAL ASSETS LESS CURRENT LIABILITIES 832,635 783,307
Creditors: Amounts Falling Due After More Than One Year 8 (820,803 ) (785,977 )
NET ASSETS/(LIABILITIES) 11,832 (2,670 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 11,732 (2,770 )
SHAREHOLDERS' FUNDS 11,832 (2,670)
Page 1
Page 2
For the year ending 31 January 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Salim Lalani
Director
5 June 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Home Close Northants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15440825 . The registered office is 7G Mobbs Miller House, Christchurch Road, Northampton, NN1 5LL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of property.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2025 19,021
As at 31 January 2026 19,021
Depreciation
As at 1 February 2025 3,818
Provided during the period 3,818
As at 31 January 2026 7,636
Net Book Value
As at 31 January 2026 11,385
As at 1 February 2025 15,203
5. Investment Property
31 January 2026
£
Fair Value
As at 1 February 2025 and 31 January 2026 1,532,525
Page 4
Page 5
6. Debtors
31 January 2026 31 January 2025
£ £
Due within one year
Other debtors 32,500 -
Directors' loan accounts - 20,000
32,500 20,000
7. Creditors: Amounts Falling Due Within One Year
31 January 2026 31 January 2025
£ £
Bank loans and overdrafts 21,600 16,296
Corporation tax 1,031 -
Other creditors 721,693 780,166
Accruals and deferred income 1,202 1,202
745,526 797,664
8. Creditors: Amounts Falling Due After More Than One Year
31 January 2026 31 January 2025
£ £
Bank loans 820,803 785,977
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 January 2026 31 January 2025
£ £
Bank loans 734,403 720,793
9. Secured Creditors
Of the creditors the following amounts are secured.
31 January 2026 31 January 2025
£ £
Bank loans and overdrafts 842,403 802,273
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10. Share Capital
31 January 2026 31 January 2025
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2025 Amounts advanced Amounts repaid Amounts written off As at 31 January 2026
£ £ £ £ £
Mr Narendra Gandhi 5,000 - 5,000 - -
Mrs Rozmin Lalani 5,000 - 5,000 - -
Mr Salim Lalani 5,000 - 5,000 - -
The above loans were unsecured and interest free.
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