Holmesdale Estates Limited 13025863 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true true 13025863 2023-01-01 2023-12-31 13025863 2023-12-31 13025863 bus:OrdinaryShareClass1 2023-12-31 13025863 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13025863 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 13025863 core:OfficeEquipment 2023-12-31 13025863 bus:SmallEntities 2023-01-01 2023-12-31 13025863 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13025863 bus:FullAccounts 2023-01-01 2023-12-31 13025863 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13025863 bus:RegisteredOffice 2023-01-01 2023-12-31 13025863 bus:Director1 2023-01-01 2023-12-31 13025863 bus:Director2 2023-01-01 2023-12-31 13025863 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13025863 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13025863 core:OfficeEquipment 2023-01-01 2023-12-31 13025863 core:AllAssociates 2023-01-01 2023-12-31 13025863 countries:EnglandWales 2023-01-01 2023-12-31 13025863 2022-12-31 13025863 core:OfficeEquipment 2022-12-31 13025863 2022-01-01 2022-12-31 13025863 2022-12-31 13025863 bus:OrdinaryShareClass1 2022-12-31 13025863 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 13025863 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 13025863 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13025863

Holmesdale Estates Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Holmesdale Estates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Holmesdale Estates Limited

Company Information

Directors

Mr Daryl Lee Baker

Mrs Rebecca Baker

Registered office

The Byre
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

Accountants

KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
Northants
NN12 7LS

 

Holmesdale Estates Limited

(Registration number: 13025863)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

469

704

Investment property

5

684,688

684,688

 

685,157

685,392

Current assets

 

Cash at bank and in hand

 

7,429

14,321

Creditors: Amounts falling due within one year

6

(532,379)

(528,511)

Net current liabilities

 

(524,950)

(514,190)

Total assets less current liabilities

 

160,207

171,202

Creditors: Amounts falling due after more than one year

6

(210,000)

(210,000)

Net liabilities

 

(49,793)

(38,798)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(49,795)

(38,800)

Shareholders' deficit

 

(49,793)

(38,798)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Holmesdale Estates Limited

(Registration number: 13025863)
Balance Sheet as at 31 December 2023

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 April 2024 and signed on its behalf by:
 

.........................................
Mr Daryl Lee Baker
Director

 

Holmesdale Estates Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Byre
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

These financial statements were authorised for issue by the Board on 12 April 2024.

The company registration number is 13025863

2

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Holmesdale Estates Limited

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Holmesdale Estates Limited

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

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

939

939

At 31 December 2023

939

939

Depreciation

At 1 January 2023

235

235

Charge for the year

235

235

At 31 December 2023

470

470

Carrying amount

At 31 December 2023

469

469

At 31 December 2022

704

704

Included within the net book value of land and buildings above is £Nil (2022 - £Nil) in respect of freehold land and buildings.
 

5

Investment properties

2023
£

At 1 January

684,688

At 31 December

684,688

The Director confirms that there has been no movement in the market value during the year.

There has been no valuation of investment property by an independent valuer.

 

Holmesdale Estates Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

530,000

526,754

Accruals and deferred income

 

821

720

Other creditors

 

1,558

1,037

 

532,379

528,511

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

210,000

210,000

Creditors include bank borrowings which are secured of £210,000 (2022 - £210,000) against investment property.

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         
 

Holmesdale Estates Limited

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

8

Related party transactions

Summary of transactions with associates

Holmesdale Finance Limited
 Loan between companies under common control.
 These accounts show a sum of £530,000 (2022: £526,753) owing to Holmesdale Finance Limited.