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REGISTERED NUMBER: 00536495 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Hollingworth Toyn & Co. Limited

Hollingworth Toyn & Co. Limited (Registered number: 00536495)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hollingworth Toyn & Co. Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M J Hollingworth
Mrs Y S Sampson





SECRETARY: K G Sampson





REGISTERED OFFICE: Flowers By Suzanne 141 Moor Lane
North Hykeham
Lincoln
Lincolnshire
LN6 9AA





REGISTERED NUMBER: 00536495 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Hollingworth Toyn & Co. Limited (Registered number: 00536495)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300,128 299,139
Investment property 5 620,000 620,000
920,128 919,139

CURRENT ASSETS
Stocks 4,100 4,787
Debtors 6 13,316 23,227
Cash in hand 313 305
17,729 28,319
CREDITORS
Amounts falling due within one year 7 86,713 81,159
NET CURRENT LIABILITIES (68,984 ) (52,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,144

866,299

CREDITORS
Amounts falling due after more than one
year

8

(184,412

)

(208,418

)

PROVISIONS FOR LIABILITIES (974 ) (786 )
NET ASSETS 665,758 657,095

CAPITAL AND RESERVES
Called up share capital 10 3,500 3,500
Revaluation reserve 492,721 492,721
Retained earnings 169,537 160,874
SHAREHOLDERS' FUNDS 665,758 657,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Hollingworth Toyn & Co. Limited (Registered number: 00536495)

Balance Sheet - continued
30 April 2024


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 31 July 2024 and were signed on its behalf by:





M J Hollingworth - Director


Hollingworth Toyn & Co. Limited (Registered number: 00536495)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Hollingworth Toyn & Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

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.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


Hollingworth Toyn & Co. Limited (Registered number: 00536495)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 May 2023 295,000 1,406 93,715
Additions - 2,623 -
At 30 April 2024 295,000 4,029 93,715
DEPRECIATION
At 1 May 2023 - 1,277 93,638
Charge for year - 574 39
At 30 April 2024 - 1,851 93,677
NET BOOK VALUE
At 30 April 2024 295,000 2,178 38
At 30 April 2023 295,000 129 77

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 7,058 2,459 399,638
Additions - - 2,623
At 30 April 2024 7,058 2,459 402,261
DEPRECIATION
At 1 May 2023 3,367 2,217 100,499
Charge for year 923 98 1,634
At 30 April 2024 4,290 2,315 102,133
NET BOOK VALUE
At 30 April 2024 2,768 144 300,128
At 30 April 2023 3,691 242 299,139

Hollingworth Toyn & Co. Limited (Registered number: 00536495)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 620,000
NET BOOK VALUE
At 30 April 2024 620,000
At 30 April 2023 620,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,941 19,606
Other debtors 1,375 3,621
13,316 23,227

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,312 39,562
Trade creditors 9,061 16,361
Taxation and social security 14,172 20,455
Other creditors 8,168 4,781
86,713 81,159

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 184,412 208,418

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 43,628 81,858

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 20,116 7,922
Bank loans 219,540 240,058
239,656 247,980

Debts are secured by way of a fixed legal charge over the investment property.

The Bounce Back scheme loan is secured against a guarantee by the government in which the government guarantees the repayment of the loan if the client was to default on this.

Hollingworth Toyn & Co. Limited (Registered number: 00536495)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,750 Ordinary shares 1 1,750 1,750
1,750 Ordinary A shares 1 1,750 1,750
3,500 3,500

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
M J Hollingworth
Balance outstanding at start of year 1,507 8,387
Amounts advanced 2,094 7,783
Amounts repaid (3,121 ) (14,663 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 480 1,507

Mrs Y S Sampson
Balance outstanding at start of year (1,060 ) -
Amounts advanced 1,543 3,252
Amounts repaid (2,882 ) (4,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,399 ) (1,060 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is Hollingworth Toyn & Co (Holdings)Ltd.