IRIS Accounts Production v23.3.1.45 11386533 Board of Directors 1.6.22 31.5.23 31.5.23 17/1/2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure113865332022-05-31113865332023-05-31113865332022-06-012023-05-31113865332021-05-31113865332021-06-012022-05-31113865332022-05-3111386533ns16:EnglandWales2022-06-012023-05-3111386533ns15:PoundSterling2022-06-012023-05-3111386533ns11:Director12022-06-012023-05-3111386533ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3111386533ns11:SmallEntities2022-06-012023-05-3111386533ns11:Audited2022-06-012023-05-3111386533ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111386533ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3111386533ns11:FullAccounts2022-06-012023-05-3111386533ns11:Director22022-06-012023-05-3111386533ns11:RegisteredOffice2022-06-012023-05-3111386533ns6:CurrentFinancialInstruments2023-05-3111386533ns6:CurrentFinancialInstruments2022-05-3111386533ns6:Non-currentFinancialInstruments2023-05-3111386533ns6:Non-currentFinancialInstruments2022-05-3111386533ns6:ShareCapital2023-05-3111386533ns6:ShareCapital2022-05-3111386533ns6:RetainedEarningsAccumulatedLosses2023-05-3111386533ns6:RetainedEarningsAccumulatedLosses2022-05-3111386533ns6:PlantMachinery2022-06-012023-05-3111386533ns6:LandBuildings2022-05-3111386533ns6:PlantMachinery2022-05-3111386533ns6:LandBuildings2022-06-012023-05-3111386533ns6:LandBuildings2023-05-3111386533ns6:PlantMachinery2023-05-3111386533ns6:LandBuildings2022-05-3111386533ns6:PlantMachinery2022-05-3111386533ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3111386533ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3111386533ns6:AcceleratedTaxDepreciationDeferredTax2023-05-3111386533ns6:AcceleratedTaxDepreciationDeferredTax2022-05-3111386533ns6:DeferredTaxation2022-05-3111386533ns6:DeferredTaxation2022-06-012023-05-3111386533ns6:DeferredTaxation2023-05-31
REGISTERED NUMBER: 11386533 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Holmewood Hall Ltd

Holmewood Hall Ltd (Registered number: 11386533)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Holmewood Hall Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: H Bramer
N Bramer





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 11386533 (England and Wales)





AUDITORS: Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Holmewood Hall Ltd (Registered number: 11386533)

Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,481,191 3,541,442

CURRENT ASSETS
Stocks 21,620 28,243
Debtors 5 2,397,754 1,488,686
Cash at bank and in hand 24,722 36,761
2,444,096 1,553,690
CREDITORS
Amounts falling due within one year 6 5,147,636 4,806,068
NET CURRENT LIABILITIES (2,703,540 ) (3,252,378 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,651

289,064

CREDITORS
Amounts falling due after more than one year 7 (269,361 ) (145,034 )

PROVISIONS FOR LIABILITIES 8 (135,496 ) (113,509 )
NET ASSETS 372,794 30,521

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 371,794 29,521
SHAREHOLDERS' FUNDS 372,794 30,521

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 15 January 2024 and were signed on its behalf by:





H Bramer - Director


Holmewood Hall Ltd (Registered number: 11386533)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Holmewood Hall Ltd 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.

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.

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

Turnover is recognised on the day of the wedding event when the income has been earned and the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost and 10% on cost

Freehold is not being depreciated on the basis that it would not be material to do so.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Holmewood Hall Ltd (Registered number: 11386533)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

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 57 (2022 - 57 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 2,668,924 1,267,309 3,936,233
Additions - 75,710 75,710
At 31 May 2023 2,668,924 1,343,019 4,011,943
DEPRECIATION
At 1 June 2022 - 394,791 394,791
Charge for year - 135,961 135,961
At 31 May 2023 - 530,752 530,752
NET BOOK VALUE
At 31 May 2023 2,668,924 812,267 3,481,191
At 31 May 2022 2,668,924 872,518 3,541,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 108,829 35,244
Amounts owed by group undertakings 2,269,377 1,428,446
Other debtors 19,548 24,996
2,397,754 1,488,686

Holmewood Hall Ltd (Registered number: 11386533)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade creditors 61,377 69,106
Incomplete Sales 692,538 874,446
Sales Ledger Credit Balances 72,569 250,435
Amounts owed to group undertakings 4,045,663 3,435,628
Tax 39,352 -
Social security and other taxes 12,644 49,095
VAT 190,990 107,302
Net wages 6,701 9,890
Directors' current accounts 80 80
Accruals and deferred income 25,722 10,086
5,147,636 4,806,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Sales Incomplete - More than 1
year 269,361 145,034
269,361 145,034

8. PROVISIONS FOR LIABILITIES
31/5/23 31/5/22
£    £   
Deferred tax
Accelerated capital allowances 135,496 113,509

Deferred
tax
£   
Balance at 1 June 2022 113,509
Provided during year 21,987
Balance at 31 May 2023 135,496

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Eric McIntyre FCCA (Senior Statutory Auditor)
for and on behalf of Cartwrights

Holmewood Hall Ltd (Registered number: 11386533)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Country House Weddings Holdings Limited, a company registered in England and Wales. The ultimate controlling party is H Bramer, by virtue of his shareholding.

12. CONTINGENT LIABILITIES

The company is party to a cross guarantee arrangement relating to borrowings of the group. Net indebtedness under these arrangements at 31 May 2023 was £6,910,247 (2022: £7,355,710 ).