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REGISTERED NUMBER: 01352583 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

KM HOLMES (BRADFORD) LIMITED

KM HOLMES (BRADFORD) LIMITED (REGISTERED NUMBER: 01352583)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KM HOLMES (BRADFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr P B Holmes
Mrs S K Holmes
Mr J C Holmes
Miss J M Holmes
Ms A C Howarth



SECRETARY: Mr A D Gallagher



REGISTERED OFFICE: Valley Mills
Valley Road
Bradford
West Yorkshire
BD1 4RU



REGISTERED NUMBER: 01352583 (England and Wales)



ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ



BANKERS: Yorkshire Bank
8 Kirkgate
Leeds
West Yorkshire
LS1 6BZ

KM HOLMES (BRADFORD) LIMITED (REGISTERED NUMBER: 01352583)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,354 10,166
Investments 5 3,502,803 3,529,630
Investment property 6 1,757,500 1,757,500
5,279,657 5,297,296

CURRENT ASSETS
Debtors 7 2,856,275 2,553,914
Cash at bank and in hand 435,090 566,697
3,291,365 3,120,611
CREDITORS
Amounts falling due within one year 8 (916,319 ) (898,065 )
NET CURRENT ASSETS 2,375,046 2,222,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,654,703

7,519,842

PROVISIONS FOR LIABILITIES (61,467 ) (119,271 )
NET ASSETS 7,593,236 7,400,571

KM HOLMES (BRADFORD) LIMITED (REGISTERED NUMBER: 01352583)

BALANCE SHEET - continued
29 FEBRUARY 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Fair value reserve 860,544 860,544
Retained earnings 6,722,692 6,530,027
SHAREHOLDERS' FUNDS 7,593,236 7,400,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mr J C Holmes - Director


KM HOLMES (BRADFORD) LIMITED (REGISTERED NUMBER: 01352583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

KM Holmes (Bradford) 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.


KM HOLMES (BRADFORD) LIMITED (REGISTERED NUMBER: 01352583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

KM HOLMES (BRADFORD) LIMITED (REGISTERED NUMBER: 01352583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 24,205
Additions 12,569
Disposals (2,300 )
At 29 February 2024 34,474
DEPRECIATION
At 1 March 2023 14,039
Charge for year 2,476
Eliminated on disposal (1,395 )
At 29 February 2024 15,120
NET BOOK VALUE
At 29 February 2024 19,354
At 28 February 2023 10,166

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 3,529,630
Additions 561,666
Disposals (497,885 )
Revaluations (90,608 )
At 29 February 2024 3,502,803
NET BOOK VALUE
At 29 February 2024 3,502,803
At 28 February 2023 3,529,630

KM HOLMES (BRADFORD) LIMITED (REGISTERED NUMBER: 01352583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2018 3,218,622
Valuation in 2019 (536,320 )
Valuation in 2020 83,151
Valuation in 2021 590,687
Valuation in 2022 (3,640 )
Valuation in 2023 177,130
Valuation in 2024 (26,827 )
3,502,803

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,757,500
NET BOOK VALUE
At 29 February 2024 1,757,500
At 28 February 2023 1,757,500

Mr JC Holmes considers the investment properties to be included on the balance sheet at their current market value.

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2016 1,757,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,619 10,262
Other debtors 2,840,656 2,543,652
2,856,275 2,553,914

KM HOLMES (BRADFORD) LIMITED (REGISTERED NUMBER: 01352583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,456 3,017
Taxation and social security 50,191 42,856
Other creditors 858,672 852,192
916,319 898,065

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000