Daysmith HMO Limited
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Daysmith HMO Limited for the year ended 30 June 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Daysmith HMO Limited for the year ended 30 June 2021 which comprise 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 https://www.icaew.com/regulation.
This report is made solely to the board of directors of Daysmith HMO Limited, as a body, in accordance with the terms of our engagement letter dated
19 October 2020. Our work has been undertaken solely
to prepare for your approval the financial statements of Daysmith HMO Limited and state those matters that we have agreed to state to the board of directors of Daysmith HMO Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Daysmith HMO Limited and its board of directors, as a body, for our work or for this report.
It is your duty to ensure that Daysmith HMO 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 loss of Daysmith HMO Limited. You consider that Daysmith HMO Limited is exempt from the statutory audit requirement for the year.
We
have not been instructed to carry out an audit or review of the financial statements of Daysmith HMO 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.
Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
29 October 2021
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Daysmith HMO Limited
Registered number:
10709192
Balance sheet
As at
30 June 2021
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Notes
Daysmith HMO Limited is a private company limited by shares which was incorporated in England and
Wales.
The company's registered office is 4 Adams Wharf, Branbridges Road, East Peckham, Kent, United Kingdom, TN12 5EJ.
The financial statements are presented in Pounds Sterling, and rounded to the nearest pound.
Average number of employees
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The average monthly number of employees, including directors, during the year was
2
(2020 -
2
)
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
29 October 2021
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Daysmith HMO Limited
Notes to the financial statements
For the year ended 30 June 2021
1.
Accounting policies
At the balance sheet date, the company had net liabilities of £97,736. The company is reliant on the continued financial support of the directors to ensure that the business is able to continue for the foreseeable future and will make funds available to ensure that the company continues to be able to meet its financial obligations as they fall due.
The financial statements have been prepared on a going concern basis. While the impact of the Covid-19 virus has been assessed by the directors, so far as reasonably possible, due to its unprecedented impact on the wider economy, it is difficult to evaluate with any certainty the potential outcomes on the company’s trade, its customers and suppliers. However, taking into consideration the UK Government’s response and the company’s planning, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.
The directors have considered the company's future trading prospects, working capital requirements
and cashflows for a period of at least 12 months from the date of approval of these financial statements. On the basis of this information the directors considers it appropriate to prepare the
financial statements on the going concern basis.
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Inter-group loan write off
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