REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
Holmdene Investments Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 5 April 2024 |
for |
Holmdene Investments Limited |
Holmdene Investments Limited (Registered number: 00701466) |
Contents of the Financial Statements |
for the Year Ended 5 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Holmdene Investments Limited |
Company Information |
for the Year Ended 5 April 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Old Stables |
Sutton Manor Farm |
Bishops Sutton |
Alresford |
Hampshire |
SO24 0AA |
Holmdene Investments Limited (Registered number: 00701466) |
Balance Sheet |
5 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
PROVISIONS FOR LIABILITIES | 11 |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Fair value reserve - non-distributable |
Retained earnings |
SHAREHOLDERS' FUNDS |
2,382,355 | 2,406,989 |
Holmdene Investments Limited (Registered number: 00701466) |
Balance Sheet - continued |
5 April 2024 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Holmdene Investments Limited (Registered number: 00701466) |
Notes to the Financial Statements |
for the Year Ended 5 April 2024 |
1. | STATUTORY INFORMATION |
Holmdene Investments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Computer equipment | - |
Investment property and investments |
Investment property and investments are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the investments are sold. |
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 |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
3. | EMPLOYEES |
The average number of employees during the year was |
Holmdene Investments Limited (Registered number: 00701466) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 6 April 2023 |
Additions |
At 5 April 2024 |
DEPRECIATION |
At 6 April 2023 |
Charge for year |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
COST |
At 6 April 2023 |
and 5 April 2024 |
DEPRECIATION |
At 6 April 2023 |
Charge for year |
At 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
5. | FIXED ASSET INVESTMENTS |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 6 April 2023 | 171,531 |
Additions | 955 |
Disposals | ( |
) | (41,325 | ) |
Revaluations | 28,510 |
At 5 April 2024 | 159,671 |
NET BOOK VALUE |
At 5 April 2024 | 159,671 |
At 5 April 2023 | 171,531 |
Holmdene Investments Limited (Registered number: 00701466) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
If fixed asset investments had not been revalued they would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
32,167 | 72,537 |
Fixed asset investments were valued on an open market basis on 5 April 2024 by the directors. |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 6 April 2023 |
and 5 April 2024 |
NET BOOK VALUE |
At 5 April 2024 |
At 5 April 2023 |
Fair value at 5 April 2024 is represented by: |
£ |
Valuation in 2015 | 785,509 |
Valuation in 2017 | 233,548 |
Valuation in 2019 | 445,250 |
Cost | 750,943 |
2,215,250 |
If investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 750,943 | 750,943 |
Investment property was valued on an open market basis on 5 April 2024 by the directors . |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Prepayments and accrued income |
Holmdene Investments Limited (Registered number: 00701466) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Corporation tax |
Social security and other taxes |
Other creditors |
Directors' current accounts | 5,181 | 4,201 |
Accruals and deferred income |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans more than 5 years |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more than 5 years | 135,673 | 191,833 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
The company has a secured bank loan with Lloyds Bank Plc with a legal charge over 194 Stanmore Lane, Winchester, Hampshire, SO22 4DR dated 7 November 2011. |
Lloyds Bank Plc hold a fixed and floating charge on the property 93 Cromwell Road, Winchester, Hampshire, SO22 4AD dated 31 March 2016. |
11. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Unrelieved trading losses | ( |
) |
Revaluations of investments and investment property |
302,444 |
297,027 |
305,122 | 300,372 |
Holmdene Investments Limited (Registered number: 00701466) |
Notes to the Financial Statements - continued |
for the Year Ended 5 April 2024 |
11. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 6 April 2023 |
Accelerated capital allowances | (856 | ) |
Revaluation of investments | 5,416 |
and investment property |
Unrelieved trading losses | 190 |
Balance at 5 April 2024 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Ordinary 'A' | £1 | 1 | 1 |
101 | 101 |
The Ordinary shares carry full voting rights, entitlement to dividends and any distribution made on a winding up of the company. |
The Ordinary 'A' shares only carry entitlement to dividends. |
Dividends may be paid to the holders of one or more classes of shares to the exclusion of the other at the director's discretion. |
13. | RELATED PARTY DISCLOSURES |
2024 | 2023 |
£ | £ |
Amount due to/(from) related party at balance sheet date |
Mr D G George - director | 4,461 | 3,481 |
Mrs S A George - director | 720 | 720 |