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REGISTERED NUMBER: 01757776 (England and Wales)















HOLDCROFT ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2024






HOLDCROFT ENTERPRISES LIMITED (REGISTERED NUMBER: 01757776)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


HOLDCROFT ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr G W Herbert
Mr B P Herbert
Mr R G Herbert



SECRETARY: Mr C Simpkins



REGISTERED OFFICE: 43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



REGISTERED NUMBER: 01757776 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: Lloyds Bank Plc
5 High Street
Old Town
SWINDON
Wiltshire
SN1 3ED

HOLDCROFT ENTERPRISES LIMITED (REGISTERED NUMBER: 01757776)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148 198
Investment property 5 1,394,197 1,394,197
1,394,345 1,394,395

CURRENT ASSETS
Debtors 6 15,497 10,267
Cash at bank 247,490 228,649
262,987 238,916
CREDITORS
Amounts falling due within one year 7 69,162 67,022
NET CURRENT ASSETS 193,825 171,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,588,170

1,566,289

CREDITORS
Amounts falling due after more than
one year

8

(74,000

)

(59,200

)

PROVISIONS FOR LIABILITIES (24,594 ) (24,604 )
NET ASSETS 1,489,576 1,482,485

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 1,488,576 1,481,485
SHAREHOLDERS' FUNDS 1,489,576 1,482,485

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

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

HOLDCROFT ENTERPRISES LIMITED (REGISTERED NUMBER: 01757776)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:




Mr G W Herbert - Director Mr B P Herbert - Director




Mr R G Herbert - Director


HOLDCROFT ENTERPRISES LIMITED (REGISTERED NUMBER: 01757776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Holdcroft Enterprises Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01757776

Registered office: 43-45 Devizes Road, Swindon, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:
- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.
- Determine the basis of the fair value of the investment property using the directors' knowledge of the market and their estimate of the rental multiple.

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.
Fixtures and fittings - 25% on reducing balance

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.

Financial instruments
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.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans excluding loans from a director, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Loans from a director are measured at the transaction price in accordance with FRS 102 section 1.15A.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


HOLDCROFT ENTERPRISES LIMITED (REGISTERED NUMBER: 01757776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 4,307
DEPRECIATION
At 1st April 2023 4,109
Charge for year 50
At 31st March 2024 4,159
NET BOOK VALUE
At 31st March 2024 148
At 31st March 2023 198

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 1,394,197
NET BOOK VALUE
At 31st March 2024 1,394,197
At 31st March 2023 1,394,197

HOLDCROFT ENTERPRISES LIMITED (REGISTERED NUMBER: 01757776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. INVESTMENT PROPERTY - continued

Cost or valuation at 31st March 2023 is represented by:

£   
Cost 1,040,853
Re-valuations to 2008 356,110
Re-valuation in 2009 (20,000 )
Re-valuation in 2013 (50,000 )
Re-valuation in 2014 (25,974 )
Re-valuation - disposals 2015 (26,792 )
Re-valuation in 2016 (25,000 )
Re-valuation in 2017 50,000
Re-valuation in 2020 (75,000 )
Re-valuation in 2022 50,000
Re-valuation in 2023 120,000
1,394,197

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

2023 2022
£    £   
Cost 1,040,853 1,040,853



Investment properties were last revalued in the accounts by the directors as at 31 March 2023.
The revaluation was on the basis of the estimated open market value of the properties for their
existing use, and has been calculated using current rental levels as the prime indicator.

The investment property values were reassessed by the directors as at 31 March 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,561 6,748
Other debtors 2,936 3,519
15,497 10,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,534 743
Taxation and social security 30,699 22,080
Other creditors 35,929 44,199
69,162 67,022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 74,000 59,200

HOLDCROFT ENTERPRISES LIMITED (REGISTERED NUMBER: 01757776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
570 Ordinary 'A' £1 570 570
215 Ordinary 'B' £1 215 215
215 Ordinary 'C' £1 215 215
1,000 1,000

10. RESERVES

Included within retained earnings is £328,790 (2023: £328,790) which is undistributable. This amount represents the difference between the fair value at the reporting date and the cost at initial recognition of the investment property, after taking into account any relevant deferred tax liability.