2020 Home Loans Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04094260

2020 Home Loans Limited

Filleted Unaudited Financial Statements

31 March 2026

2020 Home Loans Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		22,758	26,397

Current assets

Stocks		38,454	36,165
Debtors	7	24,885	39,169
Cash at bank and in hand		217,600	256,539
		---------	---------
		280,939	331,873

Creditors: amounts falling due within one year	8	77,076		108,176
		---------		---------
Net current assets			203,863	223,697
			---------	---------
Total assets less current liabilities			226,621	250,094

Provisions

Taxation including deferred tax	3,041	3,369
	---------	---------
Net assets	223,580	246,725
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	223,480	246,625
	---------	---------
Shareholders funds	223,580	246,725
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

2020 Home Loans Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 13 October 2026 , and are signed on behalf of the board by:

Mr S K Vickery
Director

Company registration number: 04094260

2020 Home Loans Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Riverside House, Brymau 3 Estate, River Lane, Chester, CH4 8RQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Current asset investments are initially recognised at cost and subsequently accounted for at fair value. Gains and losses in value are shown though the profit and loss account. Unless the fair value cannot be measured reliably without undue cost or effort, in which case it is accounted for at cost.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.

Revenue recognition

Turnover represents amounts chargeable in respect of the sale of services to customers, net of Value Added Tax. However, in respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect contracts for on-going services is recognised by reference to the stage of completion.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 14 (2025: 14 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	250,000
	---------
Amortisation
At 1 April 2025 and 31 March 2026	250,000
	---------
Carrying amount
At 31 March 2026	–
	---------
At 31 March 2025	–
	---------

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2025	121,884	121,884
Additions	3,624	3,624
	---------	---------
At 31 March 2026	125,508	125,508
	---------	---------
Depreciation
At 1 April 2025	95,487	95,487
Charge for the year	7,263	7,263
	---------	---------
At 31 March 2026	102,750	102,750
	---------	---------
Carrying amount
At 31 March 2026	22,758	22,758
	---------	---------
At 31 March 2025	26,397	26,397
	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	20,515	32,790
Other debtors	4,370	6,379
	--------	--------
	24,885	39,169
	--------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	4,873	4,441
Social security and other taxes	23,573	59,190
Other creditors	9,701	9,900
Other creditors	38,929	34,645
	--------	---------
	77,076	108,176
	--------	---------

9. Director's advances, credits and guarantees

During the year the company operated a loan account with the director. At the year end the balance owed to the director was £3,539 (2025 £3,133).