Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false42023-04-01No description of principal activity4true 01410252 2023-04-01 2024-03-31 01410252 2022-04-01 2023-03-31 01410252 2024-03-31 01410252 2023-03-31 01410252 c:Director1 2023-04-01 2024-03-31 01410252 d:Buildings 2023-04-01 2024-03-31 01410252 d:Buildings 2024-03-31 01410252 d:Buildings 2023-03-31 01410252 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01410252 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 01410252 d:Buildings d:ShortLeaseholdAssets 2024-03-31 01410252 d:Buildings d:ShortLeaseholdAssets 2023-03-31 01410252 d:MotorVehicles 2023-04-01 2024-03-31 01410252 d:MotorVehicles 2024-03-31 01410252 d:MotorVehicles 2023-03-31 01410252 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01410252 d:FurnitureFittings 2023-04-01 2024-03-31 01410252 d:FurnitureFittings 2024-03-31 01410252 d:FurnitureFittings 2023-03-31 01410252 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01410252 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01410252 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 01410252 d:FreeholdInvestmentProperty 2024-03-31 01410252 d:FreeholdInvestmentProperty 2023-03-31 01410252 d:CurrentFinancialInstruments 2024-03-31 01410252 d:CurrentFinancialInstruments 2023-03-31 01410252 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01410252 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01410252 d:ShareCapital 2024-03-31 01410252 d:ShareCapital 2023-03-31 01410252 d:CapitalRedemptionReserve 2024-03-31 01410252 d:CapitalRedemptionReserve 2023-03-31 01410252 d:RetainedEarningsAccumulatedLosses 2024-03-31 01410252 d:RetainedEarningsAccumulatedLosses 2023-03-31 01410252 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01410252 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01410252 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01410252 c:OrdinaryShareClass1 2024-03-31 01410252 c:OrdinaryShareClass1 2023-03-31 01410252 c:OrdinaryShareClass2 2023-04-01 2024-03-31 01410252 c:OrdinaryShareClass2 2024-03-31 01410252 c:OrdinaryShareClass2 2023-03-31 01410252 c:OrdinaryShareClass3 2023-04-01 2024-03-31 01410252 c:OrdinaryShareClass3 2024-03-31 01410252 c:OrdinaryShareClass3 2023-03-31 01410252 c:OrdinaryShareClass4 2023-04-01 2024-03-31 01410252 c:OrdinaryShareClass4 2024-03-31 01410252 c:OrdinaryShareClass5 2023-04-01 2024-03-31 01410252 c:OrdinaryShareClass5 2024-03-31 01410252 c:FRS102 2023-04-01 2024-03-31 01410252 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01410252 c:FullAccounts 2023-04-01 2024-03-31 01410252 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01410252 2 2023-04-01 2024-03-31 01410252 6 2023-04-01 2024-03-31 01410252 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01410252










H. & H. HOLMAN PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
H. & H. HOLMAN PROPERTIES LIMITED
REGISTERED NUMBER: 01410252

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
263,073
207,706

Investments
 5 
75,001
75,001

Investment property
 6 
2,564,196
2,363,431

  
2,902,270
2,646,138

Current assets
  

Stocks
  
847,000
965,000

Debtors: amounts falling due within one year
 7 
31,785
51,140

Current asset investments
 8 
1,635,808
1,639,132

Cash at bank and in hand
 9 
834,664
504,729

  
3,349,257
3,160,001

Creditors: amounts falling due within one year
 10 
(417,190)
(191,150)

Net current assets
  
 
 
2,932,067
 
 
2,968,851

Total assets less current liabilities
  
5,834,337
5,614,989

Provisions for liabilities
  

Deferred tax
 11 
(3,029)
(4,384)

  
 
 
(3,029)
 
 
(4,384)

Net assets
  
5,831,308
5,610,605


Capital and reserves
  

Called up share capital 
 12 
580
580

Capital redemption reserve
  
500
500

Profit and loss account
  
5,830,228
5,609,525

  
5,831,308
5,610,605


Page 1

 
H. & H. HOLMAN PROPERTIES LIMITED
REGISTERED NUMBER: 01410252
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P C J Holme
Director

Date: 13 November 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
H. & H. HOLMAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

H.&H. Holman Properties Limited, is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Bank House Farm, Eccleshall, Stafford, Staffordshire, ST21 6JA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
H. & H. HOLMAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
H. & H. HOLMAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on either a reducing balance or straight line basis..

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Leasehold property improvements
-
not depreciated
Motor vehicles
-
20% reducing balance
Fixtures & fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
H. & H. HOLMAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
H. & H. HOLMAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 7

 
H. & H. HOLMAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Leasehold property improve'nts
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
202,550
3,918
-
29,486
235,954


Additions
-
-
71,575
-
71,575



At 31 March 2024

202,550
3,918
71,575
29,486
307,529



Depreciation


At 1 April 2023
-
3,918
-
24,330
28,248


Charge for the year on owned assets
-
-
14,315
1,893
16,208



At 31 March 2024

-
3,918
14,315
26,223
44,456



Net book value



At 31 March 2024
202,550
-
57,260
3,263
263,073



At 31 March 2023
202,550
-
-
5,156
207,706


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 April 2023
75,001



At 31 March 2024
75,001




Page 8

 
H. & H. HOLMAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
2,363,431


Additions at cost
200,765



At 31 March 2024
2,564,196

The 2024 valuations were made by  P C J Holme, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Trade debtors
12,996
36,551

Other debtors
9,500
9,500

Prepayments and accrued income
9,289
5,089

31,785
51,140



8.


Current asset investments

2024
2023
£
£

Shares in joint ventures
1,535,419
1,534,844

Unlisted investments
100,389
104,288

1,635,808
1,639,132


Page 9

 
H. & H. HOLMAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
834,664
504,729

834,664
504,729



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
25,651
-

Other taxation and social security
197,833
70,386

Other creditors
71,456
24,808

Accruals and deferred income
122,250
95,956

417,190
191,150



11.


Deferred taxation




2024


£






At beginning of year
(4,384)


Charged to profit or loss
1,355



At end of year
(3,029)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,029)
(4,384)

(3,029)
(4,384)


12.


Share capital

2024
2023
£
£
Page 10

 
H. & H. HOLMAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

12.Share capital (continued)

Allotted, called up and fully paid



313 (2023 - 486) Ordinary A shares of £1.00 each
313
486
46 (2023 - 92) Ordinary B shares of £1.00 each
46
92
154 (2023 - 2) Ordinary C shares of £1.00 each
154
2
46 (2023 - ) Ordinary D shares of £1.00 each
46
-
21 (2023 - ) Ordinary E shares of £1.00 each
21
-

580

580



13.


Pension commitments

The company operates a defined pension contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. 
The pension cost charge represents contributions payable by the company to the fund and amounted to £383 (2023: £413). Contributions totaling £45 (2023: £45) were payable to the fund at the balance sheet date.

 
Page 11