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REGISTERED NUMBER: 07959160 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Holmeswood Hall Produce Ltd

Holmeswood Hall Produce Ltd (Registered number: 07959160)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Holmeswood Hall Produce Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr B Sutton
Mrs IM Sutton
Mr AA Sutton





SECRETARY: Mrs IM Sutton





REGISTERED OFFICE: Holmeswood Hall
200 The Marshes Lane,Mere Brow, Tarleton
Preston
Lancashire
PR4 6JS





REGISTERED NUMBER: 07959160 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Holmeswood Hall Produce Ltd (Registered number: 07959160)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 365,527 348,013

CURRENT ASSETS
Stocks 5 56,177 48,663
Debtors 6 185,646 78,547
Cash at bank and in hand 796,975 714,933
1,038,798 842,143
CREDITORS
Amounts falling due within one year 7 285,080 175,393
NET CURRENT ASSETS 753,718 666,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,119,245

1,014,763

PROVISIONS FOR LIABILITIES 83,298 79,194
NET ASSETS 1,035,947 935,569

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 1,035,797 935,419
SHAREHOLDERS' FUNDS 1,035,947 935,569

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.

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 30th September 2024 and were signed on its behalf by:





Mr AA Sutton - Director


Holmeswood Hall Produce Ltd (Registered number: 07959160)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Holmeswood Hall Produce Ltd 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.

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.
Plant and equipment - 15% on reducing balance
Tractors - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

Holmeswood Hall Produce Ltd (Registered number: 07959160)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property equipment Tractors vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023 31,239 587,272 235,351 32,186 886,048
Additions - 1,290 24,790 39,034 65,114
At 31st March 2024 31,239 588,562 260,141 71,220 951,162
DEPRECIATION
At 1st April 2023 - 375,642 134,949 27,444 538,035
Charge for year - 30,772 14,017 2,811 47,600
At 31st March 2024 - 406,414 148,966 30,255 585,635
NET BOOK VALUE
At 31st March 2024 31,239 182,148 111,175 40,965 365,527
At 31st March 2023 31,239 211,630 100,402 4,742 348,013

5. STOCKS
2024 2023
£    £   
Crops, produce, etc. 56,177 48,663

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 161,524 61,466
VAT 24,122 17,081
185,646 78,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 86,440 34,893
Corporation tax 59,333 46,463
Social security and other taxes 3,092 1,092
Directors' current accounts 127,616 89,270
Accrued expenses 8,599 3,675
285,080 175,393

8. RELATED PARTY DISCLOSURES

At the year end, the company owed £112,616 (2023: £89,270) to the directors. No interest has been charged to the company in respect of the loan which is repayable on demand and classified in creditors due within one year.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs B Sutton.