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REGISTERED NUMBER: 01041624 (England and Wales)










Holmfirth Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Holmfirth Properties Limited (Registered number: 01041624)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holmfirth Properties Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: J A W Clough
R F Walker
R Bastow





SECRETARY: J A W Clough





REGISTERED OFFICE: Suite 9a
Mercury Quays
Ashley Lane
Shipley
West Yorkshire
BD17 7DB





REGISTERED NUMBER: 01041624 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Holmfirth Properties Limited (Registered number: 01041624)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investments 4 1,631,025 1,480,039
Investment property 5 1,382,500 1,357,500
3,013,525 2,837,539

CURRENT ASSETS
Debtors 6 56,310 32,431
Cash at bank 321,670 233,625
377,980 266,056
CREDITORS
Amounts falling due within one year 7 (62,167 ) (61,288 )
NET CURRENT ASSETS 315,813 204,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,329,338

3,042,307

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Other reserves 8 1,025,148 851,611
Retained earnings 8 2,303,190 2,189,696
SHAREHOLDERS' FUNDS 3,329,338 3,042,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Holmfirth Properties Limited (Registered number: 01041624)

Balance Sheet - continued
31 March 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 13 September 2024 and were signed on its behalf by:





J A W Clough - Director


Holmfirth Properties Limited (Registered number: 01041624)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Holmfirth Properties 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 as modified by the revaluation of certain assets.

Revenue recognition
Turnover represents the net invoiced amount for rental income, excluding value added tax.

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.

Investments
Listed investments are valued at their fair value with changes been recognised in the profit and loss if the shares are publicly traded or their fair value if this can be measured reliably.

Unlisted investments are valued at cost less any impairment.

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.

Donations
Donations made to the parent charity during the year are shown in the Statement of Change in Equity

Other donations made during the year are shown in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

Holmfirth Properties Limited (Registered number: 01041624)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Other investments not loans 1,631,025 1,480,039

Additional information is as follows:
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,438,761 20,100 1,458,861
Additions 248,242 - 248,242
Disposals (240,159 ) - (240,159 )
Revaluations 148,537 - 148,537
At 31 March 2024 1,595,381 20,100 1,615,481
NET BOOK VALUE
At 31 March 2024 1,595,381 20,100 1,615,481
At 31 March 2023 1,438,761 20,100 1,458,861


Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Dealing and deposit account 9,853 15,393
Income account 3,273 3,999
Dividends pending 2,418 1,786
15,544 21,178

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,357,500
Revaluations 25,000
At 31 March 2024 1,382,500
NET BOOK VALUE
At 31 March 2024 1,382,500
At 31 March 2023 1,357,500

Holmfirth Properties Limited (Registered number: 01041624)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 513,926
Valuation in 2019 55,185
Valuation in 2021 172,500
Valuation in 2022 10,000
Valuation in 2023 100,000
Valuation in 2024 25,000
Cost 505,889
1,382,500

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 505,889 505,889

Investment Properties were valued on an open market basis on 31 March 2023 by Walker Singleton .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 46,777 21,143
Other debtors 3,188 4,250
Prepayments and accrued income 6,345 7,038
56,310 32,431

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 301 1,770
VAT 7,014 2,131
Other creditors 29,600 29,600
Accruals and deferred income 25,252 27,787
62,167 61,288

8. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 April 2023 2,189,696 851,611 3,041,307
Profit for the year 287,031 - 287,031
Fair valuation movement (173,537 ) 173,537 -
At 31 March 2024 2,303,190 1,025,148 3,328,338

Holmfirth Properties Limited (Registered number: 01041624)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of The Harry and Mary Foundation a charitable company registered in England and Wales which prepares group financial statements. This company's registered office is Suite 9a Mercury Quays, Ashley Lane, Shipley, West Yorkshire, BD17 7DB.