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REGISTERED NUMBER: 06316643 (England and Wales)














HONEYROW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


HONEYROW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: M Farrow





SECRETARY: Miss E Mahoney





REGISTERED OFFICE: 82 High Street
Tenterden
Kent
TN30 6JG





REGISTERED NUMBER: 06316643 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,320,000 1,755,000
1,320,000 1,755,000

CURRENT ASSETS
Debtors 6 4,015 4,940
Cash at bank 191,531 70,364
195,546 75,304
CREDITORS
Amounts falling due within one year 7 28,764 15,584
NET CURRENT ASSETS 166,782 59,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486,782

1,814,720

CREDITORS
Amounts falling due after more than
one year

8

(730,083

)

(980,464

)

PROVISIONS FOR LIABILITIES (74,405 ) (89,090 )
NET ASSETS 682,294 745,166

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 331,035 535,474
Retained earnings 351,257 209,690
SHAREHOLDERS' FUNDS 682,294 745,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





M Farrow - Director


HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Honeyrow 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost
Equipment - 15% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 7,020 1,977 8,997
DEPRECIATION
At 1 August 2022
and 31 July 2023 7,020 1,977 8,997
NET BOOK VALUE
At 31 July 2023 - - -
At 31 July 2022 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,755,000
Disposals (365,000 )
Revaluations (70,000 )
At 31 July 2023 1,320,000
NET BOOK VALUE
At 31 July 2023 1,320,000
At 31 July 2022 1,755,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2015 50,634
Valuation in 2016 50,634
Valuation in 2017 64,172
Valuation in 2019 95,000
Valuation in 2021 60,000
Valuation in 2022 155,000
Valuation in 2023 (70,000 )
Cost 914,560
1,320,000

Freehold property with a cost of £914,560 (2022: £1,130,436) was revalued to fair value at 31 July 2023 by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,015 4,940

HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 23,850 9,768
Other creditors 4,914 5,816
28,764 15,584

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 730,083 980,464

Other creditors due after more than one year is made up of a balance owed to M Farrow (Director) & E Mahoney (Company Secretary) for the initial investment in the properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Revaluation
reserve
£   
At 1 August 2022 535,474
Deferred Tax transfer 14,685
Revaluation in year (70,000 )
Transfer between reserves (149,124 )

At 31 July 2023 331,035