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COMPANY REGISTRATION NUMBER: 03954899
Hollins Estates Limited
Filleted Unaudited Financial Statements
30 April 2023
Hollins Estates Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
12,513
12,513
Investments
5
250,000
250,000
------------
------------
262,513
262,513
Current assets
Stocks
105,513
105,513
Debtors
6
79,616
79,660
------------
------------
185,129
185,173
Creditors: amounts falling due within one year
7
( 126,304)
( 130,455)
------------
------------
Net current assets
58,825
54,718
------------
------------
Total assets less current liabilities
321,338
317,231
Provisions
Taxation including deferred tax
( 2,621)
( 2,621)
------------
------------
Net assets
318,717
314,610
------------
------------
Hollins Estates Limited
Statement of Financial Position (continued)
30 April 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
318,715
314,608
------------
------------
Shareholders funds
318,717
314,610
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 March 2024 , and are signed on behalf of the board by:
Mr R G Myers
Director
Company registration number: 03954899
Hollins Estates Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Haile Bank Farm, Beckermet, Cumbria, CA21 2XB, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Planty and machinery
-
15% reducing balance
Fixtures and fittings
-
10% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 May 2022 and 30 April 2023
7,500
52,187
10,116
69,803
------------
------------
------------
------------
Depreciation
At 1 May 2022 and 30 April 2023
49,220
8,070
57,290
------------
------------
------------
------------
Carrying amount
At 30 April 2023
7,500
2,967
2,046
12,513
------------
------------
------------
------------
At 30 April 2022
7,500
2,967
2,046
12,513
------------
------------
------------
------------
5. Investments
Shares in group undertakings
Loans to group undertakings
Total
£
£
£
Cost
At 1 May 2022 and 30 April 2023
1
249,999
250,000
------------
------------
------------
Impairment
At 1 May 2022 and 30 April 2023
------------
------------
------------
Carrying amount
At 30 April 2023
1
249,999
250,000
------------
------------
------------
At 30 April 2022
1
249,999
250,000
------------
------------
------------
The company owns 100% of the issued share capital of the companies listed below,
Aggregate capital and reserves
RGM Properties Limited
6. Debtors
2023
2022
£
£
Trade debtors
8,750
8,750
Amounts owed by group undertakings and undertakings in which the company has a participating interest
70,866
70,866
Other debtors
44
------------
------------
79,616
79,660
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
963
1,213
Other creditors
125,341
129,242
------------
------------
126,304
130,455
------------
------------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr R G Myers
( 58,852)
3,215
( 55,637)
------------
------------
------------
2022
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr R G Myers
( 64,071)
5,219
( 58,852)
------------
------------
------------