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REGISTERED NUMBER: 13418081 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

The House of Holmes Ltd

The House of Holmes Ltd (Registered number: 13418081)

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

Report of the Accountants 6

The House of Holmes Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: Mrs N Holmes
Mr G Holmes





REGISTERED OFFICE: 57a Station Road
Westgate On Sea
Margate
Kent
CT8 8QY





REGISTERED NUMBER: 13418081 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

The House of Holmes Ltd (Registered number: 13418081)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,423 7,090

CURRENT ASSETS
Debtors 5 16,916 3,546
Cash at bank 61,543 30,147
78,459 33,693
CREDITORS
Amounts falling due within one year 6 36,544 19,852
NET CURRENT ASSETS 41,915 13,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,338

20,931

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 47,238 20,831
SHAREHOLDERS' FUNDS 47,338 20,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 11 December 2023 and were signed on its behalf by:




Mrs N Holmes - Director


The House of Holmes Ltd (Registered number: 13418081)

Notes to the Financial Statements
for the year ended 31 May 2023


1. STATUTORY INFORMATION

The House of Holmes 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

The House of Holmes Ltd (Registered number: 13418081)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 729 8,050 509 9,288
DEPRECIATION
At 1 June 2022 109 2,012 77 2,198
Charge for year 93 1,509 65 1,667
At 31 May 2023 202 3,521 142 3,865
NET BOOK VALUE
At 31 May 2023 527 4,529 367 5,423
At 31 May 2022 620 6,038 432 7,090

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,916 3,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,531 5,244
Tax 10,010 3,641
Social security and other taxes 3,428 -
VAT 18,750 7,210
Net Wages - 3,032
Directors' current accounts 175 125
Accrued expenses 650 600
36,544 19,852

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

The House of Holmes Ltd (Registered number: 13418081)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


8. RESERVES
Retained
earnings
£   

At 1 June 2022 20,831
Profit for the year 40,907
Dividends (14,500 )
At 31 May 2023 47,238

The House of Holmes Ltd

Report of the Accountants to the Directors of
The House of Holmes Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


Date: .............................................