Homemove (Property Management) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03942287 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

FOR

HOMEMOVE (PROPERTY MANAGEMENT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Johnson

J C Burton

SECRETARY:

Ribchesters Group Limited

REGISTERED OFFICE:

7 Old Elvet

Durham

DH1 3HL

REGISTERED NUMBER:

03942287 (England and Wales)

ACCOUNTANTS:

Ribchesters

Chartered Accountants

Finchale House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,002

4,531

4,002

4,531

CURRENT ASSETS

Debtors

6

202,592

186,746

Cash at bank

172,034

199,462

374,626

386,208

CREDITORS

Amounts falling due within one year

7

68,268

65,763

NET CURRENT ASSETS

306,358

320,445

TOTAL ASSETS LESS CURRENT LIABILITIES

310,360

324,976

PROVISIONS FOR LIABILITIES

181

267

NET ASSETS

310,179

324,709

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

310,079

324,609

SHAREHOLDERS' FUNDS

310,179

324,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2020 and were signed on its behalf by:

K Johnson - Director

1.	STATUTORY INFORMATION

Homemove (Property Management) 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 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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Turnover is recognised when the service is deemed to be complete to the extent that there is a right to consideration.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Taxation

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

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Franchise fee

The Franchise fee purchased on commencement of the business has now been fully amortised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2019 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2019

and 30 April 2020

25,000

AMORTISATION

At 1 May 2019

and 30 April 2020

25,000

NET BOOK VALUE

At 30 April 2020

-

At 30 April 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

50,070

Additions

1,002

At 30 April 2020

51,072

DEPRECIATION

At 1 May 2019

45,539

Charge for year

1,531

At 30 April 2020

47,070

NET BOOK VALUE

At 30 April 2020

4,002

At 30 April 2019

4,531

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

56,806

51,947

Other debtors

145,786

134,799

202,592

186,746

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

6,192

733

Taxation and social security

53,383

55,751

Other creditors

8,693

9,279

68,268

65,763

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

The company has transactions with other companies where one or more directors are directors and/or shareholders in those companies. The total balances due from these other companies at the balance sheet date was £ 92,072 (2019: £91,951). No interest is due on these balances.