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COMPANY REGISTRATION NUMBER: 12305455
Holdernesse Limited
Filleted Unaudited Financial Statements
30 November 2023
Holdernesse Limited
Financial Statements
Year ended 30 November 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Holdernesse Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
£
Current assets
Cash at bank and in hand
75,935
333,988
Creditors: amounts falling due within one year
5
25,500
282,338
--------
---------
Net current assets
50,435
51,650
--------
--------
Total assets less current liabilities
50,435
51,650
--------
--------
Net assets
50,435
51,650
--------
--------
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
50,335
51,550
--------
--------
Shareholders funds
50,435
51,650
--------
--------
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 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 8 August 2024 , and are signed on behalf of the board by:
Mrs Q McGarry
Mr R E McGarry
Director
Director
Company registration number: 12305455
Holdernesse Limited
Notes to the Financial Statements
Year ended 30 November 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 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
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 The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Average number of employees
During the year the average number of employees was 2 (2022: 2), this consisted of directors only.
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
168
Accruals and deferred income
1,008
960
Corporation tax
12,038
12,092
Director loan accounts
12,286
269,286
--------
---------
25,500
282,338
--------
---------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
7. Related party transactions
At the year end the company owed the director £12,286 (2022: £269,286) in the form of a joint directors loan account. There is no interest charge on this loan nor any fixed repayment terms.