Hometown Living Limited - Accounts to registrar (filleted) - small 18.2

Hometown Living Limited - Accounts to registrar (filleted) - small 18.2

HOMETOWN LIVING LIMITED - Company Information

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REGISTERED NUMBER: 10915787 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2018 TO 31 JANUARY 2019

FOR

HOMETOWN LIVING LIMITED
HOMETOWN LIVING LIMITED (REGISTERED NUMBER: 10915787)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2018 TO 31 JANUARY 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


HOMETOWN LIVING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2018 TO 31 JANUARY 2019







DIRECTOR: C Chapman





REGISTERED OFFICE: 2nd Floor, Regis House
45 King William Street
London
EC4R 9AN





REGISTERED NUMBER: 10915787 (England and Wales)





Page 1
HOMETOWN LIVING LIMITED (REGISTERED NUMBER: 10915787)

BALANCE SHEET
31 JANUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 6,542 -
Tangible assets 6 24,954 -
31,496 -

CURRENT ASSETS
Debtors 7 114,708 45,357
Cash at bank 3,924 -
118,632 45,357
CREDITORS
Amounts falling due within one year 8 71,497 44,881
NET CURRENT ASSETS 47,135 476
TOTAL ASSETS LESS CURRENT
LIABILITIES
78,631
476

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 78,531 376
78,631 476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 23 May 2019 and were signed by:





C Chapman - Director


The notes form part of these financial statements

Page 2
HOMETOWN LIVING LIMITED (REGISTERED NUMBER: 10915787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2018 TO 31 JANUARY 2019


1. STATUTORY INFORMATION

Hometown Living 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is
appropriate as there is sufficient funding in place to support the ongoing trade of the company by its director and
shareholders.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of financial statements requires management to make judgements, estimates and assumptions
about the carrying values of assets and liabilities that are not really apparent from other sources. The estimates
and underlying assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised if the revision, affects only that period, or
in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the period 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 balance sheet date.


Page 3 continued...
HOMETOWN LIVING LIMITED (REGISTERED NUMBER: 10915787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2018 TO 31 JANUARY 2019


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand.

Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within on year are recorded at
transaction price. Any losses arising from impairment are recognised in the income statement in other operating
expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2018 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 9,813
At 31 January 2019 9,813
AMORTISATION
Charge for period 3,271
At 31 January 2019 3,271
NET BOOK VALUE
At 31 January 2019 6,542

Page 4 continued...
HOMETOWN LIVING LIMITED (REGISTERED NUMBER: 10915787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2018 TO 31 JANUARY 2019


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 31,193
At 31 January 2019 31,193
DEPRECIATION
Charge for period 6,239
At 31 January 2019 6,239
NET BOOK VALUE
At 31 January 2019 24,954

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 114,708 45,357

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts - 3,338
Trade creditors 2,850 -
Taxation and social security 13,692 88
Other creditors 54,955 41,455
71,497 44,881

Page 5