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REGISTERED NUMBER: 09605452 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Holland Vaynol Limited

Holland Vaynol Limited (Registered number: 09605452)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holland Vaynol Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J H H Mounsey
Mr B Holland
Mrs J S Holland
Mr W B Holland





SECRETARY:





REGISTERED OFFICE: Owl Cote 12 Park West
Heswall
Wirral
Merseyside
CH60 9JF





REGISTERED NUMBER: 09605452 (England and Wales)





ACCOUNTANTS: Gwyn Thomas and Co Limited
1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

Holland Vaynol Limited (Registered number: 09605452)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 183,655 209,891
Tangible assets 5 56,487 63,371
240,142 273,262

CURRENT ASSETS
Stocks 24,236 22,332
Debtors 6 10,959 10,706
Cash at bank and in hand 205,217 189,520
240,412 222,558
CREDITORS
Amounts falling due within one year 7 174,112 166,425
NET CURRENT ASSETS 66,300 56,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,442

329,395

CREDITORS
Amounts falling due after more than one
year

8

(235,794

)

(289,857

)

PROVISIONS FOR LIABILITIES (14,121 ) (12,040 )
NET ASSETS 56,527 27,498

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 46,527 17,498
56,527 27,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

Holland Vaynol Limited (Registered number: 09605452)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





Mrs J S Holland - Director


Holland Vaynol Limited (Registered number: 09605452)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Holland Vaynol 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 machinery etc - 20% 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.

Holland Vaynol Limited (Registered number: 09605452)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 20 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 393,546
AMORTISATION
At 1 July 2023 183,655
Charge for year 26,236
At 30 June 2024 209,891
NET BOOK VALUE
At 30 June 2024 183,655
At 30 June 2023 209,891

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 178,115
Additions 7,239
At 30 June 2024 185,354
DEPRECIATION
At 1 July 2023 114,744
Charge for year 14,123
At 30 June 2024 128,867
NET BOOK VALUE
At 30 June 2024 56,487
At 30 June 2023 63,371

Holland Vaynol Limited (Registered number: 09605452)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 253 -
Other debtors 10,706 10,706
10,959 10,706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 25,000 25,000
Trade creditors 42,974 44,642
Taxation and social security 50,737 58,693
Other creditors 55,401 38,090
174,112 166,425

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 45,833 70,833
Other creditors 189,961 219,024
235,794 289,857

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 68,462 97,525

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 102,000 102,000
Between one and five years 408,000 408,000
In more than five years 202,000 304,000
712,000 814,000

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Other loans 220,336 249,399

The loans are secured by first and second legal charges over the goodwill and business carried on at The Vaynol Arms, Abersoch, Pwllheli, Gwynedd .

Holland Vaynol Limited (Registered number: 09605452)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RELATED PARTY DISCLOSURES

The company is supported by loans from two directors with interest payable of 3.5% over base subject to a minimum of 5% . The balance outstanding was £106,751.66 (£121,458 2023).