Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-11-01No description of principal activity1111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06272057 2022-11-01 2023-10-31 06272057 2021-11-01 2022-10-31 06272057 2023-10-31 06272057 2022-10-31 06272057 c:Director1 2022-11-01 2023-10-31 06272057 c:Director2 2022-11-01 2023-10-31 06272057 d:MotorVehicles 2022-11-01 2023-10-31 06272057 d:MotorVehicles 2023-10-31 06272057 d:MotorVehicles 2022-10-31 06272057 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06272057 d:FurnitureFittings 2022-11-01 2023-10-31 06272057 d:FurnitureFittings 2023-10-31 06272057 d:FurnitureFittings 2022-10-31 06272057 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06272057 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06272057 d:Goodwill 2022-11-01 2023-10-31 06272057 d:Goodwill 2023-10-31 06272057 d:Goodwill 2022-10-31 06272057 d:CurrentFinancialInstruments 2023-10-31 06272057 d:CurrentFinancialInstruments 2022-10-31 06272057 d:Non-currentFinancialInstruments 2023-10-31 06272057 d:Non-currentFinancialInstruments 2022-10-31 06272057 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 06272057 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 06272057 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 06272057 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 06272057 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 06272057 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 06272057 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 06272057 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 06272057 d:ShareCapital 2023-10-31 06272057 d:ShareCapital 2022-10-31 06272057 d:RetainedEarningsAccumulatedLosses 2023-10-31 06272057 d:RetainedEarningsAccumulatedLosses 2022-10-31 06272057 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 06272057 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 06272057 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 06272057 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 06272057 c:FRS102 2022-11-01 2023-10-31 06272057 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06272057 c:FullAccounts 2022-11-01 2023-10-31 06272057 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06272057 2 2022-11-01 2023-10-31 06272057 d:Goodwill d:OwnedIntangibleAssets 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 06272057









HANNON HOLMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
HANNON HOLMES LIMITED
REGISTERED NUMBER: 06272057

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
80,755
96,643

Tangible assets
 5 
10,242
11,155

  
90,997
107,798

Current assets
  

Debtors: amounts falling due within one year
 6 
146,040
174,527

Cash at bank and in hand
 7 
116
31,966

  
146,156
206,493

Creditors: amounts falling due within one year
 8 
(192,908)
(204,954)

Net current (liabilities)/assets
  
 
 
(46,752)
 
 
1,539

Total assets less current liabilities
  
44,245
109,337

Creditors: amounts falling due after more than one year
 9 
(40,337)
(101,484)

Provisions for liabilities
  

Deferred tax
  
(1,945)
(2,789)

  
 
 
(1,945)
 
 
(2,789)

Net assets
  
1,963
5,064


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
963
4,064

  
1,963
5,064


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
HANNON HOLMES LIMITED
REGISTERED NUMBER: 06272057
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 February 2024.




Mr T Hannon
Mr M Holmes
Director
Director

The notes on pages 3 to 12 form part of these financial statements.
Page 2

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Hannon Holmes Limited is a private company limited by shares, registered in the United
Kingdom number 06272057. Its registered office is Manor House, 35 St Thomas's Road, Chorley, PR7 1HP.
During the year, the principal activity of the company continued to be that of the management, sale and maintenance of properties.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Page 6

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.15
Financial instruments (continued)


 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2022 - 11).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2022
158,876



At 31 October 2023

158,876



Amortisation


At 1 November 2022
62,233


Charge for the year on owned assets
15,888



At 31 October 2023

78,121



Net book value



At 31 October 2023
80,755



At 31 October 2022
96,643



Page 7

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 November 2022
650
32,215
32,865


Additions
-
885
885



At 31 October 2023

650
33,100
33,750



Depreciation


At 1 November 2022
531
21,179
21,710


Charge for the year on owned assets
30
1,768
1,798



At 31 October 2023

561
22,947
23,508



Net book value



At 31 October 2023
89
10,153
10,242



At 31 October 2022
119
11,036
11,155


6.


Debtors

2023
2022
£
£


Trade debtors
16,664
8,320

Other debtors
123,206
141,537

Prepayments and accrued income
6,170
24,670

146,040
174,527


Page 8

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
116
31,966

Less: bank overdrafts
(23,833)
-

(23,717)
31,966



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
37,791
33,905

Bank overdrafts
23,833
-

Bank loans
20,000
20,000

Trade creditors
24,415
24,448

Corporation tax
31,294
58,140

Other taxation and social security
43,550
41,112

Other creditors
9,009
24,666

Accruals and deferred income
3,016
2,683

192,908
204,954


The following liabilities were secured:

2023
2022
£
£



Other loans
37,791
33,905

37,791
33,905

Details of security provided:

The Directors have provided a personal guarantee in respect of the loan totalling £37,791 (2022: £33,905).

Page 9

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
-
37,791

Bank loans
40,337
63,693

40,337
101,484



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
20,000
20,000

Other loans
37,791
33,905


57,791
53,905

Amounts falling due 1-2 years

Bank loans
20,000
63,693


20,000
63,693

Amounts falling due 2-5 years

Bank loans
20,337
-

Other loans
-
37,791


20,337
37,791


98,128
155,389


Page 10

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
116
31,966




12.


Deferred taxation




2023


£






At beginning of year
(2,789)


Utilised in year
844



At end of year
(1,945)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(1,945)
(2,789)

(1,945)
(2,789)


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £2,999 (2022 - £3,045) . Contributions totalling £606 (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

Page 11

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

14.


Related party transactions

During the year, the Company operated an inter-company loan account with Hannon Holmes Developments Limited, a related party by common directors Mr M Holmes and Mr T Hannon. As at 31 October 2023, Hannon Holmes Developments Limited owed £14,579 (2022 £12,000) to the company.     
During the year, the Company operated an inter-company loan account with Renovate 2K Limited, a related party by common director Mr T Hannon. As at 31 October 2023, Renovate 2K Limited owed £50,000 (2022:£50,000) to the company.      
 
During the year, the Company operated an inter-company loan account with Gorse Hill Trades Limited, a related party by common director Mr M Holmes. As at 31 October 2023, Gorse Hill Trades Limited owed £50,000 (2022 £50,000) to the company. No interest has been charged on these balances and there were no repayment terms on these balances. The balances are repayable on demand and have been included within other debtors due withing one year.  
As at 31 October 2023 there was a balance of £8,885 (2022 £18,024) owed to the company by Mr M Holmes, director. There was also an amount of £2,966 (2022 £8,759) owed to Mr T Hannon, director by the company.

 
Page 12