Real Homes Solutions Limited Filleted accounts for Companies House (small and micro)

Real Homes Solutions Limited Filleted accounts for Companies House (small and micro)

REAL HOMES SOLUTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09824664
REAL HOMES SOLUTIONS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2021
REAL HOMES SOLUTIONS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
Contents
Page
Balance sheet 1
Notes to the financial statements 2
REAL HOMES SOLUTIONS LIMITED
BALANCE SHEET
31 March 2021
2021
2020
Note
£
£
Fixed assets
Tangible assets
4
1,048,508
1,018,682
Current assets
Debtors
5
5,983
3,898
Investments
6
15,440
13,547
Cash at bank and in hand
40,144
23,977
------------
------------
61,567
41,422
Creditors: amounts falling due within one year
7
( 1,040,814)
( 1,024,602)
------------
------------
Net current liabilities
( 979,247)
( 983,180)
------------
------------
Total assets less current liabilities
69,261
35,502
------------
------------
Net assets
69,261
35,502
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
69,161
35,402
------------
------------
Shareholders funds
69,261
35,502
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 November 2021 , and are signed on behalf of the board by:
H R Thornton
Director
Company registration number: 09824664
REAL HOMES SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 250 Deighton Road, Deighton, Huddersfield, HD2 1JJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments, An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Investment properties
The director considers that to comply with SSAP 19 and record investment properties at market value would involve unjustifiable time and expense and investment properties are therefore stated at cost. They are subject to an annual impairment review.
4. Tangible assets
Freehold investment property
£
Cost
At 1 April 2020
1,018,682
Additions
29,826
------------
At 31 March 2021
1,048,508
------------
Depreciation
At 1 April 2020 and 31 March 2021
–
------------
Carrying amount
At 31 March 2021
1,048,508
------------
At 31 March 2020
1,018,682
------------
5. Debtors
2021
2020
£
£
Prepayments and accrued income
5,983
3,898
------------
------------
6. Investments
2021
2020
£
£
Investments
15,440
13,547
------------
------------
7. Creditors: amounts falling due within one year
2021
2020
£
£
Accruals and deferred income
9,503
3,299
Corporation tax
8,348
340
Director loan accounts
1,022,963
1,020,963
------------
------------
1,040,814
1,024,602
------------
------------
8. Called up share capital
Issued, called up and fully paid
2021
2020
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Related party transactions
The director's loan set out above is unsecured, repayable on demand and currently interest-free. The company is controlled by H R Thornton .