Home Minders (London) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07527867 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

HOME MINDERS (LONDON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

P Ruocco

Mrs C W Ruocco

REGISTERED OFFICE:

East Wing Goffs Oak House

Goffs Lane

Waltham Cross

Hertfordshire

EN7 5BW

REGISTERED NUMBER:

07527867 (England and Wales)

ACCOUNTANTS:

OBK Limited trading as O'Byrne & Kennedy

East Wing

Goffs Oak House

Goffs Lane

Goffs Oak

Hertfordshire

EN7 5BW

FIXED ASSETS

Intangible assets

2

134,664

142,625

Tangible assets

3

1,191

1,744

135,855

144,369

CURRENT ASSETS

Debtors

50,982

42,827

Cash at bank and in hand

48,031

353,802

99,013

396,629

CREDITORS

Amounts falling due within one year

162,192

481,972

NET CURRENT LIABILITIES

(63,179

)

(85,343

)

TOTAL ASSETS LESS CURRENT LIABILITIES

72,676

59,026

CREDITORS

Amounts falling due after more than one year

(25,552

)

(35,563

)

PROVISIONS FOR LIABILITIES

(238

)

(349

)

NET ASSETS

46,886

23,114

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

46,884

23,112

SHAREHOLDERS' FUNDS

46,886

23,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 December 2014 and were signed on its behalf by:

P Ruocco - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents property management fees and commissions received, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

Exclusion of client monies

The company collects tenants deposits and monies on behalf of landlords. It holds the deposits on a separate

bank account until such time the tenant leaves at which point it is refunded net of any repair costs. The monies

collected on behalf of landlords re rents and other property expenses are paid over net of fees.

The balance sheet excludes all assets and liabilities in relation to these client monies and tenants deposits. Trade

debtors is the fees due to the company only.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

159,209

AMORTISATION

At 1 April 2013

16,584

Amortisation for year

7,961

At 31 March 2014

24,545

NET BOOK VALUE

At 31 March 2014

134,664

At 31 March 2013

142,625

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

3,640

Additions

476

At 31 March 2014

4,116

DEPRECIATION

At 1 April 2013

1,896

Charge for year

1,029

At 31 March 2014

2,925

NET BOOK VALUE

At 31 March 2014

1,191

At 31 March 2013

1,744

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,500 (2013 - £21,620) were paid to the directors .

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Home Minders (London) Limited for the year ended 31 March 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Home Minders (London) Limited, as a body, in accordance with

our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Home Minders (London) Limited and state those matters that we have agreed to state to the Board of Directors of Home

Minders (London) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and

its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Home Minders (London) Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Home

Minders (London) Limited. You consider that Home Minders (London) Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Home Minders (London)

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

OBK Limited trading as O'Byrne & Kennedy

East Wing

Goffs Oak House

Goffs Lane

Goffs Oak

Hertfordshire

EN7 5BW

22 December 2014