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REGISTERED NUMBER: 06660421 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Holmes & Homes Limited

Holmes & Homes Limited (Registered number: 06660421)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holmes & Homes Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: A Kandolla
S S Sembhy





REGISTERED OFFICE: 91 Soho Hill
Hockley
Birmingham
B19 1AY





REGISTERED NUMBER: 06660421 (England and Wales)





ACCOUNTANTS: GHK Accountants
140 High Street
Smethwick
B66 3AP

Holmes & Homes Limited (Registered number: 06660421)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,692 8,413
Investments 5 80 80
Investment property 6 275,000 258,857
281,772 267,350

CURRENT ASSETS
Debtors 7 8,723 -
Cash in hand 23 23
8,746 23
CREDITORS
Amounts falling due within one year 8 118,630 23,008
NET CURRENT LIABILITIES (109,884 ) (22,985 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,888

244,365

PROVISIONS FOR LIABILITIES 3,029 3,029
NET ASSETS 168,859 241,336

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 27,130 12,502
Retained earnings 141,629 228,734
168,859 241,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Holmes & Homes Limited (Registered number: 06660421)

Balance Sheet - continued
30 September 2023


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 12 September 2024 and were signed on its behalf by:




S S Sembhy - Director



A Kandolla - Director


Holmes & Homes Limited (Registered number: 06660421)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Holmes & Homes 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.

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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Holmes & Homes Limited (Registered number: 06660421)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 10,617
Additions 3,600
Disposals (3,600 )
At 30 September 2023 10,617
DEPRECIATION
At 1 October 2022 2,204
Charge for year 1,721
At 30 September 2023 3,925
NET BOOK VALUE
At 30 September 2023 6,692
At 30 September 2022 8,413

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 80
NET BOOK VALUE
At 30 September 2023 80
At 30 September 2022 80

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 October 2022 258,857
Additions 1,515
Revaluations 14,628
At 30 September 2023 275,000
NET BOOK VALUE
At 30 September 2023 275,000
At 30 September 2022 258,857

Holmes & Homes Limited (Registered number: 06660421)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. INVESTMENT PROPERTY - continued

Cost or valuation at 30 September 2023 is represented by:
£   
Valuation in 2017 12,502
Valuation in 2023 14,628
Cost 247,870
275,000

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

30.9.23 30.9.22
£    £   
Cost 247,870 246,355

Investment properties were valued on fair value basis on 30 September 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 7,200 -
Other debtors 1,523 -
8,723 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed to group undertakings 99,941 7,826
Taxation and social security 11,839 9,082
Other creditors 6,850 6,100
118,630 23,008

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £54,000 (2022 - £101,250) were paid to the directors .