REGISTERED NUMBER: |
Holmfirth Properties Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Additional information is as follows: |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2023 | 1,458,861 |
Additions | 248,242 |
Disposals | ( |
) | (240,159 | ) |
Revaluations | 148,537 |
At 31 March 2024 | 1,615,481 |
NET BOOK VALUE |
At 31 March 2024 | 1,615,481 |
At 31 March 2023 | 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 |
Revaluations | 25,000 |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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 |
Other debtors |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
VAT | 7,014 | 2,131 |
Other creditors |
Accruals and deferred income |
8. | RESERVES |
Retained | Other |
earnings | reserves | Totals |
£ | £ | £ |
At 1 April 2023 | 3,041,307 |
Profit for the year | - |
Fair valuation movement | (173,537 | ) | 173,537 | - |
At 31 March 2024 | 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. |