Company Registration No. 2699510 (England and Wales)
Holmes Naden (Estates) Limited
Unaudited accounts
for the year ended 30 June 2024
Holmes Naden (Estates) Limited
Unaudited accounts
Contents
Holmes Naden (Estates) Limited
Company Information
for the year ended 30 June 2024
Company Number
2699510 (England and Wales)
Registered Office
16 High Street
Bollington
Macclesfield
Cheshire
SK10 5PH
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Holmes Naden (Estates) Limited
Statement of financial position
as at 30 June 2024
Tangible assets
64,499
75,035
Cash at bank and in hand
227,240
275,748
Creditors: amounts falling due within one year
(256,670)
(280,930)
Net current assets
46,802
36,700
Total assets less current liabilities
111,301
111,735
Provisions for liabilities
Deferred tax
(1,281)
(1,797)
Net assets
110,020
109,938
Called up share capital
110
110
Profit and loss account
109,910
109,828
Shareholders' funds
110,020
109,938
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2024 and were signed on its behalf by
E H Naden
Director
Company Registration No. 2699510
Holmes Naden (Estates) Limited
Notes to the Accounts
for the year ended 30 June 2024
Holmes Naden (Estates) Limited is a private company, limited by shares, registered in England and Wales, registration number 2699510. The registered office is 16 High Street, Bollington, Macclesfield, Cheshire, SK10 5PH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% per annum on cost
Fixtures & fittings
15% per annum on cost
Computer equipment
33% per annum on cost
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Holmes Naden (Estates) Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
156,406
83,649
69,994
310,049
At 30 June 2024
156,406
84,112
69,994
310,512
At 1 July 2023
90,817
75,683
68,514
235,014
Charge for the year
7,820
2,327
852
10,999
At 30 June 2024
98,637
78,010
69,366
246,013
At 30 June 2024
57,769
6,102
628
64,499
At 30 June 2023
65,589
7,966
1,480
75,035
Amounts falling due within one year
Trade debtors
52,875
32,310
Accrued income and prepayments
23,357
9,572
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,875
18,209
Amounts owed to group undertakings and other participating interests
129,415
183,000
Taxes and social security
56,129
35,148
Other creditors
21,655
22,343
Loans from directors
1,203
1,001
Holmes Naden (Estates) Limited
Notes to the Accounts
for the year ended 30 June 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 A Ordinary Shares of £0.10 each
10
10
9
Transactions with related parties
Holmes Naden (Estates) Holdings Limited is the ultimate holding company, during the year dividends of £147,000 (2023 - £107,000) were voted from the Holmes Naden (Estates) Limited to Holmes Naden (Estates) Holdings Limited.
At the balance sheet date Holmes Naden (Estates) Holdings Limited was owed £129,415 (2023 - £183,000) by Holmes Naden (Estates) Limited. This loan is repayable upon demand and subject to interest at a commercial rate.
The ulimate holding company is Holmes Naden (Estates) Holdings Limited, a company registered in England and Wales under company number 11707176
11
Average number of employees
During the year the average number of employees was 15 (2023: 16).