Registration number:
The HDOne Kirklees Limited
for the
Year Ended 31 May 2023
The HDOne Kirklees Limited
Balance Sheet
as at 31 May 2023
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2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net liabilities |
( |
( |
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Capital and reserves |
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Allotted, called up and fully paid share capital |
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Profit and loss account |
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Shareholders' funds |
( |
( |
Registration number: 10784087
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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The HDOne Kirklees Limited
Notes to the Financial Statements
for the
Year Ended 31 May 2023
General information |
The company is a private company limited by shares incorporated in England within the United Kingdom.
The company's registration number is 10784087.
The address of its registered office is:
The principal place of business is:
Marshall House
Huddersfield Road
Elland
West Yorkshire
HX5 9BW
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Audit report
The HDOne Kirklees Limited
Notes to the Financial Statements
for the
Year Ended 31 May 2023
(continued)
2 |
Accounting policies (continued) |
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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 assets
The investment property has been included as a tangible asset at cost in accordance with FRS 102 as it is not possible to determine an accurate valuation at this time.
No depreciation has been charged as the asset is currently in the early stages of planning and development.
Staff numbers |
The average number of persons employed by the company (including directors) during the year was
Tangible assets |
Investment property |
Total |
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Cost |
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At 1 June 2022 |
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At 31 May 2023 |
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Depreciation |
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Net book value |
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At 31 May 2023 |
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At 31 May 2022 |
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The HDOne Kirklees Limited
Notes to the Financial Statements
for the
Year Ended 31 May 2023
(continued)
Debtors |
2023 |
2022 |
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Deferred tax assets |
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Creditors |
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Amounts owed to related parties |
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Accruals |
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Related party transactions |
Included within creditors is £1,828,455 (2022: £1,825,030) which is a loan from a connected company holding 50% of the issued share capital in The HDOne Kirklees Limited and subsequently having significant control over the company. This loan is interest free and repayable on demand.
Included within creditors is £499,950 (2022: £499,950) which is an amount due to a connected company holding 50% of the issued share capital in The HDOne Kirklees Limited and subsequently having significant control over the company. The amount due is interest free and repayable on demand.