Homelets Limited

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homelets limited Company Information

Company Number

03584548

Next Accounts

Mar 2025

Directors

Carolyn Dyche

David Dyche

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Shareholders

the c a dyche homelets trust 2024

the d e dyche homelets trust 2024

Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Registered Address

58 pennard road, kittle, swansea, SA3 3JY

Website

https://www.homelets.co.uk

homelets limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of HOMELETS LIMITED at £1.2m based on a Turnover of £356k and 3.27x industry multiple (adjusted for size and gross margin).

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Homelets Limited is a live company located in swansea, SA3 3JY with a Companies House number of 03584548. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 1998, it's largest shareholder is the c a dyche homelets trust 2024 with a 50% stake. Homelets Limited is a mature, micro sized company, Pomanda has estimated its turnover at £356k with rapid growth in recent years.

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Pomanda's financial health check has awarded Homelets Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

4 Weak

Size

annual sales of £356k, make it smaller than the average company (£833k)

Growth

3 year (CAGR) sales growth of 245%, show it is growing at a faster rate (2.3%)

EXPORT

Homelets Limited's latest turnover from June 2023 is estimated at £356 thousand and the company has net assets of £614.2 thousand. According to their latest financial statements, Homelets Limited has 2 employees and maintains cash reserves of £6.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	355,974	315,245	274,159	8,661	3,762	4,591	2,214	4,059	490,613	373,170	143,967	452,531	27,904	26,489
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	96,342	86,812	79,228	2,375	1,099	1,161	547	1,089	165,624	131,863	48,895	148,222	0	0
Gross Profit	259,632	228,433	194,931	6,286	2,663	3,430	1,666	2,971	324,988	241,307	95,072	304,309	27,904	26,489
Admin Expenses	253,321	222,054	192,956	3,120	-4,803	80,202	34,591	45,597	225,228	295,637	-54,416	293,886	8,459	6,987
Operating Profit	6,311	6,379	1,975	3,166	7,466	-76,772	-32,925	-42,626	99,760	-54,330	149,488	10,423	19,445	19,502
Interest Payable	11,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	232	48	4	2	9	18	13	171	203	50	14	10	1	0
Pre-Tax Profit	-4,457	6,427	1,979	3,168	7,475	-76,754	-32,912	-42,455	99,963	-54,280	149,503	10,433	19,446	19,502
Tax	0	-1,221	-376	-602	-1,420	0	0	0	-19,992	0	-34,386	-2,504	-3,741	-3,669
Profit After Tax	-4,457	5,206	1,603	2,566	6,055	-76,754	-32,912	-42,455	79,970	-54,280	115,117	7,929	15,705	15,833
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	34,200	900
Retained Profit	-4,457	5,206	1,603	2,566	6,055	-76,754	-32,912	-42,455	79,970	-54,280	115,117	7,929	-18,495	14,933
Employee Costs	62,390	60,659	55,392	28,083	28,263	26,848	25,705	26,254	78,907	75,200	24,167	72,828	23,488	24,352
Number Of Employees	2	2	2	1	1	1	1	1	3	3	1	3	1	1
EBITDA*	6,527	6,593	2,053	3,451	7,756	-76,513	-32,706	-42,443	99,792	-54,280	149,554	10,511	19,563	19,660

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	639	808	1,270,518	1,272,301	1,318,586	1,240,726	855,811	878,527	689,507	252,892	252,942	253,008	253,096	253,214
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,480,000	1,455,000	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,480,639	1,455,808	1,270,518	1,272,301	1,318,586	1,240,726	855,811	878,527	689,507	252,892	252,942	253,008	253,096	253,214
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	800	800	0	0	0	0	0	0
Cash	6,440	2,858	4,880	2,804	354	1,998	5,324	4,709	63,753	17,257	2,748	2,915	1,158	2,498
misc current assets	0	0	0	0	0	0	0	0	0	0	0	3,620	0	0
total current assets	6,440	2,858	4,880	2,804	354	1,998	6,124	5,509	63,753	17,257	2,748	6,535	1,158	2,498
total assets	1,487,079	1,458,666	1,275,398	1,275,105	1,318,940	1,242,724	861,935	884,036	753,260	270,149	255,690	259,543	254,254	255,712
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	2,663	1,284	1,887	1,064	1,715	171,612	118,194	49,455	168,425	1,292	1,292
Group/Directors Accounts	578,091	769,998	776,375	759,124	761,144	750,082	304,812	289,044	0	0	0	0	164,800	147,848
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	6,668	6,891	7,452	21,350	21,110	39,408	32,990	14,084	0	0	0	0	4,973	4,888
total current liabilities	584,759	776,889	783,827	783,137	783,538	791,377	338,866	304,843	171,612	118,194	49,455	168,425	171,065	154,028
loans	200,000	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	47,086	0	0	0	0	0
provisions	88,098	82,968	59,262	59,642	60,158	48,068	43,816	54,235	0	0	0	0	0	0
total long term liabilities	288,098	82,968	59,262	59,642	60,158	48,068	43,816	54,235	47,086	0	0	0	0	0
total liabilities	872,857	859,857	843,089	842,779	843,696	839,445	382,682	359,078	218,698	118,194	49,455	168,425	171,065	154,028
net assets	614,222	598,809	432,309	432,326	475,244	403,279	479,253	524,958	534,562	151,955	206,235	91,118	83,189	101,684
total shareholders funds	614,222	598,809	432,309	432,326	475,244	403,279	479,253	524,958	534,562	151,955	206,235	91,118	83,189	101,684

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	6,311	6,379	1,975	3,166	7,466	-76,772	-32,925	-42,626	99,760	-54,330	149,488	10,423	19,445	19,502
Depreciation	216	214	78	285	290	259	219	183	32	50	66	88	118	158
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-1,221	-376	-602	-1,420	0	0	0	-19,992	0	-34,386	-2,504	-3,741	-3,669
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	0	0	0	0	-800	0	800	0	0	0	0	0	0
Creditors	0	0	-2,663	1,379	-603	823	-651	-169,897	53,418	68,739	-118,970	167,133	0	1,292
Accruals and Deferred Income	-223	-561	-13,898	240	-18,298	6,418	18,906	14,084	0	0	0	-4,973	85	4,888
Deferred Taxes & Provisions	5,130	23,706	-380	-516	12,090	4,252	-10,419	54,235	0	0	0	0	0	0
Cash flow from operations	11,434	28,517	-15,264	3,952	-475	-64,220	-24,870	-144,821	133,218	14,459	-3,802	170,167	15,907	22,171
Investing Activities
capital expenditure	-47	1,269,496	1,705	46,000	-78,150	-385,174	22,497	-189,203	-436,647	0	0	0	0	-253,372
Change in Investments	25,000	1,455,000	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-25,047	-185,504	1,705	46,000	-78,150	-385,174	22,497	-189,203	-436,647	0	0	0	0	-253,372
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-191,907	-6,377	17,251	-2,020	11,062	445,270	15,768	289,044	0	0	0	-164,800	16,952	147,848
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	200,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-47,086	47,086	0	0	0	0	0
share issue	19,870	161,294	-1,620	-45,484	65,910	780	-12,793	32,851	302,637	0	0	0	0	86,751
interest	-10,768	48	4	2	9	18	13	171	203	50	14	10	1	0
cash flow from financing	17,195	154,965	15,635	-47,502	76,981	446,068	2,988	274,980	349,926	50	14	-164,790	16,953	234,599
cash and cash equivalents
cash	3,582	-2,022	2,076	2,450	-1,644	-3,326	615	-59,044	46,496	14,509	-167	1,757	-1,340	2,498
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	3,582	-2,022	2,076	2,450	-1,644	-3,326	615	-59,044	46,496	14,509	-167	1,757	-1,340	2,498

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HOMELETS LIMITED group structure

Homelets Limited has no subsidiary companies.

Ultimate parent company

HOMELETS LIMITED

03584548

HOMELETS LIMITED Shareholders

the c a dyche homelets trust 2024	50%
the d e dyche homelets trust 2024	50%

Homelets Limited currently has 4 directors. The longest serving directors include Mrs Carolyn Dyche (Jun 1998) and Mr David Dyche (Jun 1998).

officer	country	age	start	end	role
Mrs Carolyn Dyche	Wales	67 years	Jun 1998	-	Director
Mr David Dyche	Wales	68 years	Jun 1998	-	Director
Mrs Claire Smith	Spain	36 years	Apr 2013	-	Director
Mr Douglas Dyche	Scotland	39 years	Apr 2013	-	Director

P&L

June 2023

turnover

356k

+13%

operating profit

6.3k

gross margin

73%

+0.65%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

614.2k

+0.03%

total assets

1.5m

+0.02%

cash

6.4k

+1.25%

net assets

Total assets minus all liabilities

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company number

03584548

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

June 1998

ultimate parent company

None

previous names

N/A

address

58 pennard road, kittle, swansea, SA3 3JY

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 3 charges/mortgages relating to homelets limited. Currently there are 0 open charges and 3 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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homelets limited Company Information

homelets limited Estimated Valuation

homelets limited Estimated Valuation

homelets limited Estimated Valuation

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HOMELETS LIMITED financials

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