Homewood Rail Limited iXBRL

Company Registration Number: 05813638

Homewood Rail Limited

Unaudited Financial Statements

for the financial year ended 31 May 2026

Homewood Rail Limited

DIRECTOR AND OTHER INFORMATION


Director	Mr Patrick Homewood


Company Registration Number	05813638


Registered Office	1 Quarry Hill Road
	Borough Green
	Sevenoaks
	Kent
	TN15 8RF


Business Address	1 Quarry Hill Road
	Borough Green
	Sevenoaks
	Kent
	TN1 58RF


Accountants	Henry Reeves & Co Limited
	Chartered Certified Accountants
	5 West Court
	Enterprise Road
	Maidstone
	Kent
	ME15 6JD

Homewood Rail Limited

Company Registration Number: 05813638

STATEMENT OF FINANCIAL POSITION

as at 31 May 2026

		2026	2025
	Notes	£	£

Non-Current Assets

Property, plant and equipment

76,455

8,796

─────────

Current Assets

Debtors

1,527,435

1,296,659

Cash and cash equivalents

12,232

6,693

─────────

1,539,667

1,303,352

─────────

Creditors: amounts falling due within one year

(884,376)

(961,162)

─────────

Net Current Assets

655,291

342,190

─────────

Total Assets less Current Liabilities

731,746

350,986

Creditors:

amounts falling due after more than one year

(83,980)

(14,045)

Provisions for liabilities

(14,526)

(2,199)

─────────

Net Assets

633,240

334,742

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

633,140

334,642

─────────

Shareholders' Funds

633,240

334,742

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 28 October 2026




Mr Patrick Homewood
Director

Homewood Rail Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 May 2026

General Information

Homewood Rail Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 05813638. The registered office of the company is 1 Quarry Hill Road, Borough Green, Sevenoaks, Kent, TN15 8RF. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 May 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings and equipment

25% reducing balance

Motor vehicles

25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing

Rentals payable under operating leases are dealt with in the Income Statement as incurred over the period of the rental agreement.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Employees

The average monthly number of employees, including director, during the financial year was 3, (2025 - 48).


4.	Property, plant and equipment
		Plant and	Fixtures,	Motor	Total
		machinery	fittings and	vehicles
			equipment
		£	£	£	£
	Cost
	At 1 June 2025	8,162	11,839	31,771	51,772
	Additions	-	-	93,103	93,103
		─────────	─────────	─────────	─────────
	At 31 May 2026	8,162	11,839	124,874	144,875
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 June 2025	8,095	9,393	25,488	42,976
	Charge for the financial year	17	581	24,846	25,444
		─────────	─────────	─────────	─────────
	At 31 May 2026	8,112	9,974	50,334	68,420
		─────────	─────────	─────────	─────────
	Net book value
	At 31 May 2026	50	1,865	74,540	76,455
		═════════	═════════	═════════	═════════
	At 31 May 2025	67	2,446	6,283	8,796
		═════════	═════════	═════════	═════════


5.	Debtors	2026	2025
		£	£

	Trade debtors	1,085,034	857,734
	Other debtors	-	3,434
	Director's current account (Note 9)	305,269	315,457
	Taxation and social security costs	134,760	115,910
	Prepayments and accrued income	2,372	4,124
		─────────	─────────
		1,527,435	1,296,659
		═════════	═════════


6.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Bank loan	11,802	11,533
	Net obligations under finance leases
	and hire purchase contracts	10,985	-
	Taxation and social security costs	379,661	432,328
	Other creditors	475,678	512,301
	Accruals	6,250	5,000
		─────────	─────────
		884,376	961,162
		═════════	═════════


7.	Creditors	2026	2025
	Amounts falling due after more than one year	£	£

	Bank loan	4,862	14,045
	Finance leases and hire purchase contracts	79,118	-
		─────────	─────────
		83,980	14,045
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 6)	11,802	11,533
	Repayable between one and two years	4,862	14,045
		─────────	─────────
		16,664	25,578
		═════════	═════════


	Net obligations under finance leases
	and hire purchase contracts
	Repayable within one year	10,985	-
	Repayable between one and five years	79,118	-
		─────────	─────────
		90,103	-
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2026

2025

At financial year start

2,199

2,199

2,940

Charged to profit and loss

12,327

12,327

(741)

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At financial year end

14,526

2,199

═════════

Director's advances, credits and guarantees

During the year the director received advances of £nil from the company, and repaid £10,188 to the company. The outstanding balance owed by the director to the company at year-end was £305,269 (2025 - £315,457).