Homes 3 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05152869 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

FOR

HOMES 3 LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr NJ Wood

Mr R Wild

REGISTERED OFFICE:

Rosedale Cottage

Belleau

Alford

Lincolnshire

LN13 0BW

REGISTERED NUMBER:

05152869 (England and Wales)

ACCOUNTANTS:

Blow Abbott Limited

36 High Street

Cleethorpes

North East Lincs

DN35 8JN

FIXED ASSETS

Tangible assets

4

200,000

200,000

CURRENT ASSETS

Cash at bank

1,098

1,332

CREDITORS

Amounts falling due within one year

5

70,150

68,045

NET CURRENT LIABILITIES

(69,052

)

(66,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

130,948

133,287

CREDITORS

Amounts falling due after more than one year

6

59,379

68,044

NET ASSETS

71,569

65,243

CAPITAL AND RESERVES

Called up share capital

7

300

300

Revaluation reserve

8

47,438

47,438

Retained earnings

23,831

17,505

SHAREHOLDERS' FUNDS

71,569

65,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 2 March 2019 and were signed on its behalf by:

Mr NJ Wood - Director

Mr R Wild - Director

1.	STATUTORY INFORMATION

Homes 3 Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Land and buildings

-

not provided

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 July 2017

and 30 June 2018

200,000

NET BOOK VALUE

At 30 June 2018

200,000

At 30 June 2017

200,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

7,185

6,984

Tax

1,484

1,527

Directors' current accounts

60,941

59,348

Accrued expenses

540

186

70,150

68,045

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans - 1-2 years

59,379

68,044

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

300

Ordinary

£1

300

300

8.

RESERVES

Revaluation

reserve

£

At 1 July 2017

and 30 June 2018

47,438

9.	RELATED PARTY DISCLOSURES

As at 30 June 2018 the company owed the Directors £60,941 (30 June 2017 £59,348). No interest is

payable on the loan.