Homemove (Property Management) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03942287 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

HOMEMOVE (PROPERTY MANAGEMENT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Johnson

RS Johnson

P Johnson

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

4,172

4,344

4,172

4,344

CURRENT ASSETS

Debtors

6

194,928

182,382

Cash at bank

49,904

175,728

244,832

358,110

CREDITORS

Amounts falling due within one year

7

248,008

58,294

NET CURRENT (LIABILITIES)/ASSETS

(3,176

)

299,816

TOTAL ASSETS LESS CURRENT LIABILITIES

996

304,160

PROVISIONS FOR LIABILITIES

469

318

NET ASSETS

527

303,842

CAPITAL AND RESERVES

Called up share capital

8

50

100

Capital redemption reserve

50

-

Retained earnings

427

303,742

SHAREHOLDERS' FUNDS

527

303,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 17 October 2022 and were signed on its behalf by:

RS 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 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.

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 (2021 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2021

and 30 April 2022

25,000

AMORTISATION

At 1 May 2021

and 30 April 2022

25,000

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

53,263

Additions

3,035

Disposals

(2,599

)

At 30 April 2022

53,699

DEPRECIATION

At 1 May 2021

48,919

Charge for year

2,611

Eliminated on disposal

(2,003

)

At 30 April 2022

49,527

NET BOOK VALUE

At 30 April 2022

4,172

At 30 April 2021

4,344

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

54,645

50,780

Other debtors

140,283

131,602

194,928

182,382

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

4,320

27

Taxation and social security

38,059

52,844

Other creditors

205,629

5,423

248,008

58,294

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

50

Ordinary

£1.00

50

100

(2021 - 100 )

On 29 April 2022, the company purchased 50 of its ordinary shares for a cost of £230,000, which were immediately cancelled.

9.	RELATED PARTY DISCLOSURES

The company has transactions with other companies where one or more directors are directors and/or shareholders in those companies. Long-standing debtor balances are due from these companies at the balance sheet date totalling £111,683 (2021: £90,295). No interest is being charged on these balances.

During the year a Director made an interest-free loan to the company. At the balance sheet date the total amount outstanding was £190,000.