Homewell Havant Limited - Accounts to registrar (filleted) - small 22.3

Homewell Havant Limited - Accounts to registrar (filleted) - small 22.3

HOMEWELL HAVANT LIMITED - Company Information

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REGISTERED NUMBER: 07970356 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

Homewell Havant Limited
Homewell Havant Limited (Registered number: 07970356)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Homewell Havant Limited

Company Information
for the Year Ended 28 February 2022







DIRECTOR: P A Rex





REGISTERED OFFICE: 119 Queen Street
Portsmouth
Hampshire
PO1 3HY





REGISTERED NUMBER: 07970356 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS
Page 1
Homewell Havant Limited (Registered number: 07970356)

Balance Sheet
28 February 2022

28.2.22 28.2.21
Notes £    £   
CURRENT ASSETS
Stocks 366,866 365,866
Debtors 4 227,570 227,641
Cash at bank 12,473 10,074
606,909 603,581
CREDITORS
Amounts falling due within one year 5 553,841 553,974
NET CURRENT ASSETS 53,068 49,607
TOTAL ASSETS LESS CURRENT
LIABILITIES
53,068
49,607

CREDITORS
Amounts falling due after more than
one year
6
41,667
46,667
NET ASSETS 11,401 2,940

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,301 2,840
SHAREHOLDERS' FUNDS 11,401 2,940

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 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 notes form part of these financial statements

Page 2 continued...
Homewell Havant Limited (Registered number: 07970356)

Balance Sheet - continued
28 February 2022


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 director and authorised for issue on 17 October 2022 and were signed by:





P A Rex - Director


The notes form part of these financial statements

Page 3
Homewell Havant Limited (Registered number: 07970356)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Homewell Havant 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.

The financial statements have been prepared on the going concern basis. The director, and companies under his control, have loans to the company totalling £194,900 at the year end, and as the director has committed to support the company, this amount will not be withdrawn during the next twelve months, following the date of approval of the financial statements, unless the company is in the financial position to do so, having first covered all liabilities as they fall due.

The director has considered a period of at least twelve months from the date of his report and taking into account the actions above and the trading results since the year end believe that the company will be able to continue to meet its debts as they fall due.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 4 continued...
Homewell Havant Limited (Registered number: 07970356)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

2. 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Other debtors 227,570 227,641

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans and overdrafts 8,333 3,333
Trade creditors 792 361
Taxation and social security 1,653 -
Other creditors 543,063 550,280
553,841 553,974

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.22 28.2.21
£    £   
Bank loans 41,667 46,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,667 6,667

Page 5 continued...
Homewell Havant Limited (Registered number: 07970356)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

7. SECURED DEBTS

The following secured debts are included within creditors:

28.2.22 28.2.21
£    £   
Other loans 249,543 249,543

Lollypop Properties Limited created a charge dated 25 October 2016 secured over the freehold land to the south of Shore Road, Bonchurch, Ventnor, Isle of Wight, title number IW81110.

8. ULTIMATE CONTROLLING PARTY

The controlling party is P A Rex.

Page 6