Homechoice Investments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11209537 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2022

for

Homechoice Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Aujla

Mr D Aujla

Mrs P K Aujla

Mrs P K Aujla

REGISTERED OFFICE:

1 Goodmayes Road

Ilford

Essex

IG3 9UH

REGISTERED NUMBER:

11209537 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,664

5,014

Investment property

5

721,980

721,980

724,644

726,994

CURRENT ASSETS

Cash in hand

8,857

16,011

CREDITORS

Amounts falling due within one year

6

302,696

336,841

NET CURRENT LIABILITIES

(293,839

)

(320,830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

430,805

406,164

CREDITORS

Amounts falling due after more than one year

7

401,422

401,422

NET ASSETS

29,383

4,742

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

29,379

4,738

SHAREHOLDERS' FUNDS

29,383

4,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2022 and were signed on its behalf by:

Mr D Aujla - Director

1.	STATUTORY INFORMATION

Homechoice Investments Ltd 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 the total sales value of legally completed properties and rental income receipts. Turnover and profit on sales are recognised upon legal completion.

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

-

25% on cost

Investment property

Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. No depreciation is provided in respect of investment properties and their value is not considered to have fallen materially since their purchase.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2021

and 28 February 2022

9,398

DEPRECIATION

At 1 March 2021

4,384

Charge for year

2,350

At 28 February 2022

6,734

NET BOOK VALUE

At 28 February 2022

2,664

At 28 February 2021

5,014

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2021

and 28 February 2022

721,980

NET BOOK VALUE

At 28 February 2022

721,980

At 28 February 2021

721,980

6.	OTHER CREDITORS

28.2.22

28.2.21

£

£

Other creditors

1,825

-

Trade creditors

425

-

Taxation and social security

6,267

-

Directors’ loan accounts

294,179

336,841

302,696

336,841

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans

401,422

401,422

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

401,422

401,422