Homes Property Management Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06629520 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

HOMES PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Olive

Mr L A Olive

SECRETARY:

Mrs. S M Olive

REGISTERED OFFICE:

5 Forest House

186 Forest Road

Loughton

Essex

IG10 1EG

REGISTERED NUMBER:

06629520 (England and Wales)

ACCOUNTANTS:

Abbey Stevens Limited

5 Forest House

186 Forest Road

Loughton

Essex

IG10 1EG

FIXED ASSETS

Intangible assets

4

77,920

84,040

Tangible assets

5

4,951

10,658

82,871

94,698

CURRENT ASSETS

Debtors

6

46,211

81,892

Cash at bank and in hand

18,665

2,454

64,876

84,346

CREDITORS

Amounts falling due within one year

7

72,789

72,875

NET CURRENT (LIABILITIES)/ASSETS

(7,913

)

11,471

TOTAL ASSETS LESS CURRENT LIABILITIES

74,958

106,169

CREDITORS

Amounts falling due after more than one year

8

117,544

117,354

NET LIABILITIES

(42,586

)

(11,185

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(42,686

)

(11,285

)

SHAREHOLDERS' FUNDS

(42,586

)

(11,185

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 November 2017 and were signed on its behalf by:

Mr B Olive - Director

1.	STATUTORY INFORMATION

Homes 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

and 30 September 2017

123,000

AMORTISATION

At 1 October 2016

38,960

Charge for year

6,120

At 30 September 2017

45,080

NET BOOK VALUE

At 30 September 2017

77,920

At 30 September 2016

84,040

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

and 30 September 2017

43,449

DEPRECIATION

At 1 October 2016

32,791

Charge for year

5,707

At 30 September 2017

38,498

NET BOOK VALUE

At 30 September 2017

4,951

At 30 September 2016

10,658

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

4,353

53,080

Other debtors

41,858

28,812

46,211

81,892

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

20,347

6,559

Taxation and social security

9,570

14,543

Other creditors

42,872

51,773

72,789

72,875

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

117,544

117,354