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REGISTERED NUMBER: 06316643 (England and Wales)














HONEYROW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


HONEYROW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: M Farrow





SECRETARY: Miss E Mahoney





REGISTERED OFFICE: 82 High Street
Tenterden
Kent
TN30 6JG





REGISTERED NUMBER: 06316643 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,320,000 1,320,000
1,320,000 1,320,000

CURRENT ASSETS
Debtors 6 4,315 4,015
Cash at bank 147,004 191,531
151,319 195,546
CREDITORS
Amounts falling due within one year 7 10,974 28,764
NET CURRENT ASSETS 140,345 166,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,460,345

1,486,782

CREDITORS
Amounts falling due after more than
one year

8

(681,428

)

(730,083

)

PROVISIONS FOR LIABILITIES (74,405 ) (74,405 )
NET ASSETS 704,512 682,294

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 331,035 331,035
Retained earnings 373,475 351,257
SHAREHOLDERS' FUNDS 704,512 682,294

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 4 October 2024 and were signed by:





M Farrow - Director


HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Honeyrow 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost
Equipment - 15% on cost

3. EMPLOYEES AND DIRECTORS

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

HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

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


4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 August 2023 7,020 1,977 8,997
Disposals (300 ) - (300 )
At 31 July 2024 6,720 1,977 8,697
DEPRECIATION
At 1 August 2023 7,020 1,977 8,997
Eliminated on disposal (300 ) - (300 )
At 31 July 2024 6,720 1,977 8,697
NET BOOK VALUE
At 31 July 2024 - - -
At 31 July 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,320,000
NET BOOK VALUE
At 31 July 2024 1,320,000
At 31 July 2023 1,320,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2015 50,634
Valuation in 2016 50,634
Valuation in 2017 64,172
Valuation in 2019 95,000
Valuation in 2021 60,000
Valuation in 2022 155,000
Valuation in 2023 (70,000 )
Cost 914,560
1,320,000

Freehold property with a cost of £914,560 (2023: £914,560) was revalued to fair value at 31 July 2023 by the director. The director deemed this revaluation to be correct as of 31 July 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,315 4,015

HONEYROW LIMITED (REGISTERED NUMBER: 06316643)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,664 23,850
Other creditors 5,310 4,914
10,974 28,764

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 681,428 730,083

Other creditors due after more than one year is made up of a balance owed to M Farrow (Director) & E Mahoney (Company Secretary) for the initial investment in the properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 331,035