IRIS Accounts Production v24.3.0.553 00677567 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006775672023-03-31006775672024-03-31006775672023-04-012024-03-31006775672022-03-31006775672022-04-012023-03-31006775672023-03-3100677567ns15:EnglandWales2023-04-012024-03-3100677567ns14:PoundSterling2023-04-012024-03-3100677567ns10:Director12023-04-012024-03-3100677567ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100677567ns10:SmallEntities2023-04-012024-03-3100677567ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100677567ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100677567ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100677567ns10:FullAccounts2023-04-012024-03-3100677567ns10:RegisteredOffice2023-04-012024-03-3100677567ns5:CurrentFinancialInstruments2024-03-3100677567ns5:CurrentFinancialInstruments2023-03-3100677567ns5:ShareCapital2024-03-3100677567ns5:ShareCapital2023-03-3100677567ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3100677567ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3100677567ns5:RetainedEarningsAccumulatedLosses2024-03-3100677567ns5:RetainedEarningsAccumulatedLosses2023-03-3100677567ns5:ComputerEquipment2023-04-012024-03-3100677567ns5:LandBuildings2023-03-3100677567ns5:ComputerEquipment2023-03-3100677567ns5:LandBuildings2023-04-012024-03-3100677567ns5:LandBuildings2024-03-3100677567ns5:ComputerEquipment2024-03-3100677567ns5:LandBuildings2023-03-3100677567ns5:ComputerEquipment2023-03-3100677567ns5:CostValuation2024-03-31
REGISTERED NUMBER: 00677567 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

HOLME-SUMNER INVESTMENT COMPANY
LIMITED(THE)

HOLME-SUMNER INVESTMENT COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00677567)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOLME-SUMNER INVESTMENT COMPANY
LIMITED(THE)

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr T Q Leigh





REGISTERED OFFICE: 172 Greenford Road
Harrow
Middlesex
HA1 3QZ





REGISTERED NUMBER: 00677567 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

HOLME-SUMNER INVESTMENT COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00677567)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 305,256 252,977
Investments 5 2,596 2,596
307,852 255,573

CURRENT ASSETS
Debtors 6 280,391 308,738

CREDITORS
Amounts falling due within one year 7 (158,603 ) (153,493 )
NET CURRENT ASSETS 121,788 155,245
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,640

410,818

CAPITAL AND RESERVES
Called up share capital 100 100
Capital reserve 198,483 198,483
Retained earnings 231,057 212,235
SHAREHOLDERS' FUNDS 429,640 410,818

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

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

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 30 October 2024 and were signed by:



Mr T Q Leigh - Director


HOLME-SUMNER INVESTMENT COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00677567)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Holme-Sumner Investment Company Limited(The) 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 represents total rent receivable for the year.

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 - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

HOLME-SUMNER INVESTMENT COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00677567)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Investment properties
Freehold investment properties are stated at cost less provision, where necessary, for permanent diminution in value. This is not in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) (''FRSSE'') which requires investment properties to be stated at their open market value. No valuations have been carried out and accordingly it is not possible to quantify the effect on the net assets at the current or previous balance sheet date, or the effect on the total recognised gains and losses for the current or previous period. The departure has no effect on the profit or loss for the current or previous period.

In accordance with the FRSSE no depreciation is provided in respect of freehold investment properties. This is not in accordance with the Companies Act 2006 which requires tangible fixed assets to be depreciated over their estimated useful lives, and is necessary to show a true and fair view. Depreciation is only one of many factors reflected in the value of investment properties and the amount which might otherwise have been shown cannot be separately identified or quantified.

Surpluses on sales of properties, less taxation thereon, are credited to capital reserve in accordance with the company's Memorandum and Articles of Association.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Investment Computer
properties equipment Totals
£    £    £   
COST
At 1 April 2023 252,977 2,925 255,902
Additions 52,279 - 52,279
At 31 March 2024 305,256 2,925 308,181
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 2,925 2,925
NET BOOK VALUE
At 31 March 2024 305,256 - 305,256
At 31 March 2023 252,977 - 252,977

HOLME-SUMNER INVESTMENT COMPANY
LIMITED(THE) (REGISTERED NUMBER: 00677567)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023
and 31 March 2024 2,596
NET BOOK VALUE
At 31 March 2024 2,596
At 31 March 2023 2,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related undertakings 280,391 308,738

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) (1 )
Amounts owed to related undertakings 135,135 135,135
Corporation tax 235 931
Accruals 23,234 17,428
158,603 153,493

8. RELATED PARTY DISCLOSURES

Material interests of director

During the year the company was charged agent's commission of £6,706 (2023: £3,317) to Dennis Reed Limited, a company in which Mr T Q Leigh is a director. The charge was made on a normal commercial basis.The balance due from Dennis Reed Ltd at the year end was £280,391(2023: £308,738)

At the balance sheet date the company owed £5,000 (2023 - £5,000) and £130,135 (2023 - £130,135) to Ablett Properties Limited and Craig & Company (Properties) Limited respectively, companies under common control. The balances are unsecured, interest-free and have no fixed repayment dates.

9. ULTIMATE CONTROLLING PARTY

Mr T Q Leigh, the sole director, together with members of his close family control the company by virtue of a controlling interest (directly or indirectly) of 67% of the issued ordinary share capital.