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REGISTERED NUMBER: 02793022 (England and Wales)










Financial Statements

for the Year Ended 31 December 2023

for

Holme Steel (Investments) Limited

Holme Steel (Investments) Limited (Registered number: 02793022)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holme Steel (Investments) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs S J Chapman-Wicks
Mrs S L Wilson
Mrs S M Greenall





SECRETARY: Mrs C Chapman





REGISTERED OFFICE: Suite 32/33
Normanby Gateway
Lysaghts Way
Scunthorpe
North Lincolnshire
DN15 9YG





REGISTERED NUMBER: 02793022 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

Holme Steel (Investments) Limited (Registered number: 02793022)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 182,225 185,072
Investments 5 1,776,094 792,093
1,958,319 977,165

CURRENT ASSETS
Debtors 6 321,650 752,469
Cash at bank 108,096 434,994
429,746 1,187,463
CREDITORS
Amounts falling due within one year 7 (79,756 ) (61,095 )
NET CURRENT ASSETS 349,990 1,126,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,308,309

2,103,533

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,308,209 2,103,433
SHAREHOLDERS' FUNDS 2,308,309 2,103,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Holme Steel (Investments) Limited (Registered number: 02793022)

Balance Sheet - continued
31 December 2023


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 16 April 2024 and were signed on its behalf by:




Mrs S L Wilson - Director Mrs S M Greenall - Director




Mrs S J Chapman-Wicks - Director


Holme Steel (Investments) Limited (Registered number: 02793022)

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

1. STATUTORY INFORMATION

Holme Steel (Investments) Limited 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Holme Steel (Investments) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Holme Steel (Investments) Limited (Registered number: 02793022)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 January 2023
and 31 December 2023 202,156
DEPRECIATION
At 1 January 2023 17,084
Charge for year 2,847
At 31 December 2023 19,931
NET BOOK VALUE
At 31 December 2023 182,225
At 31 December 2022 185,072

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 100 100
Other investments not loans 1,775,994 791,993
1,776,094 792,093

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Long Term Investments 1,775,994 791,993

Holme Steel (Investments) Limited (Registered number: 02793022)

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

5. FIXED ASSET INVESTMENTS - continued

The Company invested £300,000 in St. James Place Investment Bond on 31 January 2018, £200,000 on 22 May 2020 and £300,000 on 10 December 2021. During the year, company made investment of £1,500,000 and withdrawal of £536,197. The Current Encashment Value was £1,775,994 and the Current Unit Value was £1,876,125 as at 31 December 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,000 31,000
Amounts owed by group undertakings 242,970 687,390
Other debtors 17,680 10,920
Former director’s current account - 15,451
Directors' current accounts 30,000 7,708
321,650 752,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 35,637 26,619
Social security and other tax 8,013 4,140
VAT 17,456 16,940
Other creditors 15,200 10,301
Directors' current accounts 104 -
Accrued expenses 3,346 3,095
79,756 61,095

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 January 2023 2,103,433
Profit for the year 387,835
Dividends (183,059 )
At 31 December 2023 2,308,209