Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false2022-07-015Renting of property5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01254472 2022-07-01 2023-06-30 01254472 2021-07-01 2022-06-30 01254472 2023-06-30 01254472 2022-06-30 01254472 c:Director4 2022-07-01 2023-06-30 01254472 d:FreeholdInvestmentProperty 2023-06-30 01254472 d:FreeholdInvestmentProperty 2022-06-30 01254472 d:CurrentFinancialInstruments 2023-06-30 01254472 d:CurrentFinancialInstruments 2022-06-30 01254472 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01254472 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 01254472 d:ShareCapital 2023-06-30 01254472 d:ShareCapital 2022-06-30 01254472 d:RevaluationReserve 2023-06-30 01254472 d:RevaluationReserve 2022-06-30 01254472 d:RetainedEarningsAccumulatedLosses 2023-06-30 01254472 d:RetainedEarningsAccumulatedLosses 2022-06-30 01254472 c:OrdinaryShareClass1 2022-07-01 2023-06-30 01254472 c:OrdinaryShareClass1 2023-06-30 01254472 c:OrdinaryShareClass1 2022-06-30 01254472 c:FRS102 2022-07-01 2023-06-30 01254472 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 01254472 c:FullAccounts 2022-07-01 2023-06-30 01254472 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 01254472 2 2022-07-01 2023-06-30 01254472 5 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01254472









D.S. HOLMES BUILDERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
D.S. HOLMES BUILDERS LIMITED
REGISTERED NUMBER: 01254472

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
288,129
288,129

  
288,129
288,129

Current assets
  

Debtors: amounts falling due within one year
 5 
3,125
3,050

Cash at bank and in hand
 6 
75,045
91,610

  
78,170
94,660

Creditors: amounts falling due within one year
 7 
(6,640)
(11,804)

Net current assets
  
 
 
71,530
 
 
82,856

Total assets less current liabilities
  
359,659
370,985

  

Net assets
  
359,659
370,985


Capital and reserves
  

Called up share capital 
 8 
28,000
28,000

Revaluation reserve
  
33,117
33,117

Profit and loss account
  
298,542
309,868

  
359,659
370,985


Page 1

 
D.S. HOLMES BUILDERS LIMITED
REGISTERED NUMBER: 01254472
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with 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 by: 




................................................
Mrs P Jones
Director

Date: 18 January 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
D.S. HOLMES BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

D.S. Holmes Builders Limited is a private limited company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Meadow View, Rhossddu Industrial Estate, Wrexham, Clwyd, LL11 4YL. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
D.S. HOLMES BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
D.S. HOLMES BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
D.S. HOLMES BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
5
5


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
288,129



At 30 June 2023
288,129

The 2023 valuations were made by the company directors, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


Net surplus/(deficit) in movement properties
33,117
33,117

At 30 June 2023
33,117
33,117



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
255,012
255,012

255,012
255,012

Page 6

 
D.S. HOLMES BUILDERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
3,125
3,050

3,125
3,050



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
75,045
91,611

75,045
91,611



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
1,565
6,954

Accruals and deferred income
5,075
4,850

6,640
11,804



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



28,000 (2022 - 28,000) ORDINARY shares of £1.00 each
28,000
28,000


 
Page 7