HOME FUNDING LIMITED 31/12/2018 iXBRL
HOME FUNDING LIMITED 31/12/2018 iXBRL
Unaudited filleted financial statements
Company registration number
05497754
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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(Appointed 16 July 2018) | ||
Company number |
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Registered office |
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Business address |
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Accountants |
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4 Bloors Lane | |||
Rainham | |||
Gillingham | |||
Kent | |||
Statement of financial position
31 December 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 4 |
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Current assets | |||||||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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Net current (liabilities)/assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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_______ | _______ | ||||||||
Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 June 2019
, and are signed on behalf of the board by:
Director
Company registration number:
05497754
Notes to the financial statements
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Maynards Farmhouse, Appledore Road, Leigh Green, Tenterden, Kent, TN30 7DE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2017. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
4.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2018 | - | - | |
Additions |
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At 31 December 2018 |
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Impairment | |||
At 1 January 2018 and 31 December 2018 | - | - | |
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Carrying amount | |||
At 31 December 2018 |
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At 31 December 2017 | - | - | |
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5.
Debtors
2018 | 2017 | |||
£ | £ | |||
Other debtors |
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_______ | _______ | |||
6.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Other creditors |
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_______ | _______ | |||
7.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2018 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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2017 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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- | - | - | |
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_______ | _______ | _______ | ||
8.
Controlling party
9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2017.
Reconciliation of equity
No transitional adjustments were required.
Reconciliation of profit or loss for the year
No transitional adjustments were required.