The Home of Craft Limited - Accounts to registrar (filleted) - small 18.2

The Home of Craft Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02075573 (England and Wales)









Unaudited Financial Statements

for the Year Ended

30 April 2019

for

The Home of Craft Limited

Previously known as
Yarn Works Limited

The Home of Craft Limited (Registered number: 02075573)






Contents of the Financial Statements
for the Year Ended 30 April 2019




Page

Balance Sheet 1

Notes to the Financial Statements 2


The Home of Craft Limited (Registered number: 02075573)

Balance Sheet
30 April 2019

2019 2018
Notes £    £   
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-

CAPITAL AND RESERVES
Called up share capital 3 2 2
Retained earnings (2 ) (2 )
SHAREHOLDERS' FUNDS - -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 27 January 2020 and were signed on its
behalf by:





H M R Ramsden - Director


The Home of Craft Limited (Registered number: 02075573)

Notes to the Financial Statements
for the Year Ended 30 April 2019

1. STATUTORY INFORMATION

The Home of Craft Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address are as below:

Registered number: 02075573

Registered office: Gordon Mills
Netherfield Road
Guiseley
Leeds
West Yorkshire
LS20 9PD

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102
"The Financial Reporting Standard applicable in UK and Republic of Ireland" and the Companies Act
2006 as applicable to companies subject to the small companies regime. The disclosure requirements
of section 1A of FRS102 have been applied other than where additional disclosure is required to give a
true and fair view.

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

The company was dormant throughout the current year and previous year.

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 companies within the group.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the
contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction
costs), except for those financial assets classified as at fair value through profit and loss, which are
initially measured at fair value (which is normally the transaction price excluding transaction costs),
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transaction, the financial asset or financial liability is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - inter-company
balances (being repayable on demand) measured at the amortised cost equivalent to the undiscounted
amount of cash or other consideration expected to be paid or received.

The Home of Craft Limited (Registered number: 02075573)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2019

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective
evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Financial assets
For financial assets carried at amortised cost, the amount of an impairment is the difference between
the asset's carrying amount and the present value of estimated cash flows, discounted at the financial
asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the
asset's carrying amount and the best estimate of the amount that would be received for the asset if it
were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively
to an event occurring after the impairment was recognised, the prior impairment loss is tested to
determine reversal. An impairment loss is reversed on an individual impaired financial asset to the
extent that the revised recoverable value does not lead to a revised carrying amount higher than the
carrying value had the impairment loss not been recognised.

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 2 2
(2018 - 2 )

98 Ordinary shares of £1 were issued during the year for cash of £ 98 .