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REGISTERED NUMBER: 00701466 (England and Wales)












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: Mrs S A George
Mr D G George
Mr M S George





SECRETARY: Mrs S A George





REGISTERED OFFICE: 64 Quarry Road
Winchester
Hampshire
SO23 0JS





REGISTERED NUMBER: 00701466 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
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 14,103 18,612
Investments 5 159,671 171,531
Investment property 6 2,215,250 2,215,250
2,389,024 2,405,393

CURRENT ASSETS
Debtors 7 11,346 20,234
Cash at bank and in hand 10,288 4,826
21,634 25,060
CREDITORS
Amounts falling due within one year 8 28,303 23,464
NET CURRENT (LIABILITIES)/ASSETS (6,669 ) 1,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,382,355

2,406,989

CREDITORS
Amounts falling due after more than one
year

9

139,573

200,933

PROVISIONS FOR LIABILITIES 11 305,122 300,372

CAPITAL AND RESERVES
Called up share capital 12 101 101
Fair value reserve - non-distributable 1,260,858 1,266,274
Retained earnings 676,701 639,309
SHAREHOLDERS' FUNDS 1,937,660 1,905,684
2,382,355 2,406,989

Holmdene Investments Limited (Registered number: 00701466)

Balance Sheet - continued
5 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

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 15 November 2024 and were signed on its behalf by:




Mr D G George - Director



Mrs S A George - Director


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 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% reducing balance basis
Computer equipment - 33.3% reducing balance basis

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 2 (2023 - 2 ) .

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 22,381 15,395 37,776
Additions - 474 474
At 5 April 2024 22,381 15,869 38,250
DEPRECIATION
At 6 April 2023 5,848 13,316 19,164
Charge for year 4,133 850 4,983
At 5 April 2024 9,981 14,166 24,147
NET BOOK VALUE
At 5 April 2024 12,400 1,703 14,103
At 5 April 2023 16,533 2,079 18,612

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 21,028
DEPRECIATION
At 6 April 2023 5,257
Charge for year 3,943
At 5 April 2024 9,200
NET BOOK VALUE
At 5 April 2024 11,828
At 5 April 2023 15,771

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 6 April 2023 168,031 3,500 171,531
Additions 955 - 955
Disposals (41,325 ) - (41,325 )
Revaluations 28,510 - 28,510
At 5 April 2024 156,171 3,500 159,671
NET BOOK VALUE
At 5 April 2024 156,171 3,500 159,671
At 5 April 2023 168,031 3,500 171,531

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 2,215,250
NET BOOK VALUE
At 5 April 2024 2,215,250
At 5 April 2023 2,215,250

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 2,915 12,835
Prepayments and accrued income 8,431 7,399
11,346 20,234

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 9,377 8,335
Hire purchase contracts 5,200 5,200
Trade creditors 228 337
Corporation tax 3,464 -
Social security and other taxes 88 1
Other creditors 2,065 2,810
Directors' current accounts 5,181 4,201
Accruals and deferred income 2,700 2,580
28,303 23,464

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more than 5 years 135,673 191,833
Hire purchase contracts 3,900 9,100
139,573 200,933

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 145,050 200,168

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 2,678 3,535
Unrelieved trading losses - (190 )
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 300,372
Accelerated capital allowances (856 )
Revaluation of investments 5,416
and investment property
Unrelieved trading losses 190
Balance at 5 April 2024 305,122

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 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