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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
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Holmes Naden (Estates) Limited Company Information for the year ended 30 June 2024
Director
E H Naden
Secretary
I Whatmore
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
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Holmes Naden (Estates) Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
64,499 
75,035 
Current assets
Debtors
76,232 
41,882 
Cash at bank and in hand
227,240 
275,748 
303,472 
317,630 
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 
Capital and reserves
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
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Holmes Naden (Estates) Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
Pension costs
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 taxation
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.
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Holmes Naden (Estates) Limited Notes to the Accounts for the year ended 30 June 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
11,150 
At 30 June 2024
11,150 
Amortisation
At 1 July 2023
11,150 
At 30 June 2024
11,150 
Net book value
At 30 June 2024
- 
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 
Additions
- 
463 
- 
463 
At 30 June 2024
156,406 
84,112 
69,994 
310,512 
Depreciation
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 
Net book value
At 30 June 2024
57,769 
6,102 
628 
64,499 
At 30 June 2023
65,589 
7,966 
1,480 
75,035 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
52,875 
32,310 
Accrued income and prepayments
23,357 
9,572 
76,232 
41,882 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
30,243 
18,179 
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 
Accruals
3,150 
3,050 
256,670 
280,930 
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Holmes Naden (Estates) Limited Notes to the Accounts for the year ended 30 June 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
100 A Ordinary Shares of £0.10 each
10 
10 
110 
110 
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.
10
Controlling party
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).
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