HOLYER DEVELOPMENTS LIMITED

Company Registration Number:
12287024 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

HOLYER DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

HOLYER DEVELOPMENTS LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The directors present their report together with the audited financial statements for the year ended 31 March 2023.Principal activities and future developmentsThe company’s principal activities are the design and build of properties on behalf of its parent, Habinteg Housing Association Limited. There have been no changes in the company’s activities in the period under review.There are two live projects which are approved and committed:1. LBH small sites project: We now benefit from planning consent and are currently on site in Hounslow delivering 75 accessible units across 13 small sites in the borough.These are expected to be competed and handed over, over the next 12 – 18 months.2. Mali Jenkins House: This project now benefits from planning consent (via appeal) and board approval to let the relevant works contract. Contracts are in the process of being drawn up currently with an expected start on site in June 2023.ResultsThe company commenced trading on 1 April 2020. The Statement of comprehensive income is set out on page 10 and reports a turnover of £2,758k (2022: £1,205k) in its third year of trading and an overall profit of £90k (2022: £73k).



Directors

The director shown below has held office during the period of
1 April 2022 to 31 December 2022

Andrew Crompton


The director shown below has held office during the period of
1 February 2023 to 31 March 2023

Nick Apetroaie


The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Nichola Wilden
Matthew Gill


Secretary Kerry Tromanhauser

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 September 2023

And signed on behalf of the board by:
Name: Nick Apetroaie
Status: Director

HOLYER DEVELOPMENTS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 2,758,085 1,205,064
Cost of sales: ( 2,569,447 ) ( 1,085,057 )
Gross profit(or loss): 188,638 120,007
Distribution costs: 0 0
Administrative expenses: ( 87,504 ) ( 55,736 )
Other operating income: 0 9,799
Operating profit(or loss): 101,134 74,070
Interest receivable and similar income: 0
Interest payable and similar charges: ( 11,555 ) ( 1,488 )
Profit(or loss) before tax: 89,579 72,582
Profit(or loss) for the financial year: 89,579 72,582

HOLYER DEVELOPMENTS LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 1,050,266 2,454,429
Cash at bank and in hand: 1,468,200 263,812
Investments:   0 0
Total current assets: 2,518,466 2,718,241
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 2,428,886 ) ( 2,645,658 )
Net current assets (liabilities): 89,580 72,583
Total assets less current liabilities: 89,580 72,583
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 89,580 72,583
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 89,579 72,582
Total Shareholders' funds: 89,580 72,583

The notes form part of these financial statements

HOLYER DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 September 2023
and signed on behalf of the board by:

Name: Nick Apetroaie
Status: Director

The notes form part of these financial statements

HOLYER DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is attributable to the principal activities of the company which comprise sales to the group companies. Sales to group companies are at invoiced amounts less value added tax.

    Other accounting policies

    Holyer Developments Limited is a private company limited by shares incorporated in England & Wales under the Companies Act 2006. The registered office address is Chapman House, 132 Wakefield Road, Drighlington, Bradford BD11 1DR.The financial statements have been prepared in accordance with applicable law and UK accounting standards (UnitedKingdom Generally Accepted Accounting Practice) which for Holyer Developments Limited includes, FRS 102 the Financial Reporting Standard applicable in the United Kingdom andthe Republic of Ireland.The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the accounting policies.

HOLYER DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

HOLYER DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Debtors

2023 2022
£ £
Trade debtors 662,105 2,168,023
Prepayments and accrued income 0 0
Other debtors 388,161 286,406
Total 1,050,266 2,454,429
Debtors due after more than one year: 0 0

HOLYER DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 296,114 2,970
Taxation and social security 0 0
Accruals and deferred income 440,774 87,795
Other creditors 1,691,998 2,554,893
Total 2,428,886 2,645,658

HOLYER DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Financial Commitments

Value of contracts being managed which are committed but not provided for: Construction2023 £24,110,8952022 £22,105,706