REGISTERED NUMBER:
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HOMEDREAM LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016 |
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REGISTERED NUMBER:
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HOMEDREAM LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016 |
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HOMEDREAM LIMITED (REGISTERED NUMBER: SC219518) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 May 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
HOMEDREAM LIMITED |
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COMPANY INFORMATION |
For The Year Ended 31 May 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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HOMEDREAM LIMITED (REGISTERED NUMBER: SC219518) |
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ABBREVIATED BALANCE SHEET |
31 May 2016 |
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31.5.16 | 31.5.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
HOMEDREAM LIMITED (REGISTERED NUMBER: SC219518) |
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ABBREVIATED BALANCE SHEET - continued |
31 May 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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HOMEDREAM LIMITED (REGISTERED NUMBER: SC219518) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
For The Year Ended 31 May 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents rental income and the cost of services recharged for the year, excluding value added tax. |
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Tangible fixed assets |
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Investment properties | - |
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Plant and machinery | - |
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Office equipment | - |
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In accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective April 2015) : (i) |
investment properties are valued annually and the aggregate surplus or deficit is transferred to a revaluation |
reserve; and (ii) no depreciation or amortisation is provided in respect of investment properties.The requirement |
of the Companies Act 2006 is to depreciate all properties, but that requirement conflicts with the generally |
accepted accounting principles set out in the FRSSE (effective April 2015). The directors consider that, as these |
properties are not held for consumption but for investment, to depreciate them would not give a true and fair |
view and that it is therefore necessary to adopt the FRSSE (effective April 2015) in order to give a true and fair |
view. If this departure from the Act had not been made, the profit for the financial year would have been |
decreased by depreciation. However, the amount of the depreciation cannot reasonably be quantified, because |
depreciation is only one of the many factors reflected in the annual valuation and the amount which might |
otherwise have been shown cannot be separately identified or quantified. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date except for unrealised gains on investment properties. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 June 2015 |
and 31 May 2016 |
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DEPRECIATION |
At 1 June 2015 |
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Charge for year |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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HOMEDREAM LIMITED (REGISTERED NUMBER: SC219518) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
For The Year Ended 31 May 2016 |
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3. | CREDITORS - continued |
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They also include the following debts falling due in more than five years: |
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31.5.16 | 31.5.15 |
£ | £ |
Repayable by instalments | 344,262 | 406,919 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.16 | 31.5.15 |
value: | £ | £ |
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Ordinary | £1 |
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