REGISTERED NUMBER: |
HOLROYD HOMES (FOLD FARM) LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 |
REGISTERED NUMBER: |
HOLROYD HOMES (FOLD FARM) LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 |
HOLROYD HOMES (FOLD FARM) LIMITED (REGISTERED NUMBER: 11871354) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 August 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HOLROYD HOMES (FOLD FARM) LIMITED |
COMPANY INFORMATION |
for the year ended 31 August 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Vernon House |
40 New North Road |
Huddersfield |
West Yorkshire |
HD1 5LS |
HOLROYD HOMES (FOLD FARM) LIMITED (REGISTERED NUMBER: 11871354) |
BALANCE SHEET |
31 August 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 4 |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
HOLROYD HOMES (FOLD FARM) LIMITED (REGISTERED NUMBER: 11871354) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 August 2023 |
1. | STATUTORY INFORMATION |
Holroyd Homes (Fold Farm) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts are prepared on a going concern basis as the directors are confident that when the development reaches sales stage it will generate positive returns. |
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 represents sales to customers where legal title has passed. |
Stocks |
Stock includes costs of of the acquisition of the development site along with costs of development, recorded at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | STOCKS |
2023 | 2022 |
£ | £ |
Work-in-progress |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by associates |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
HOLROYD HOMES (FOLD FARM) LIMITED (REGISTERED NUMBER: 11871354) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 August 2023 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Land purchase | 215,000 | - |
Neil Ward and Sarah Louise Shackleton-Ward holds a guarantee for Holroyd Homes (Fold Farm) Ltd. The guarantee is secured on the land owned by Holroyd Homes (Fold Farm) Ltd. |
8. | RELATED PARTY DISCLOSURES |
A loan of £713,200 (2022 £1,013,200) was owing in the year to Lower Edge Developments Ltd on an interest free basis. Some of the directors and shareholders of Holroyd Homes (Fold Farm) Ltd are also directors and shareholders of Lower Edge Developments Ltd. |
A loan of £434,718 was owing in the year from Holroyd Homes (Yorkshire) Ltd on an interest free basis. The directors and shareholders of Holroyd Homes (Fold Farm) ltd are also the directors and shareholders of Holroyd Homes (Yorkshire) Ltd. |
A loan of £1,318,001 was owing in the year from Holroyd Homes (70 Acre Farm) Ltd on an interest free basis. The directors and shareholders of Holroyd Homes (Fold Farm) Ltd are also directors and shareholders of Holroyd Homes (70 Acre Farm) ltd. |