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REGISTERED NUMBER: 07597750 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2024

FOR

HOLMTREE DEVELOPMENTS LIMITED

HOLMTREE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07597750)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOLMTREE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 APRIL 2024







DIRECTORS: P N Spence
Mrs J L Ellicott





REGISTERED OFFICE: Woodhouse Fold Farm
Woodhouse Lane
Norden
Rochdale
Lancashire
OL12 7TB





REGISTERED NUMBER: 07597750 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

HOLMTREE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07597750)

BALANCE SHEET
29 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,203 17,885

CURRENT ASSETS
Stocks 5 819,092 706,902
Debtors 6 204,209 102,722
Cash at bank 101,965 886,829
1,125,266 1,696,453
CREDITORS
Amounts falling due within one year 7 284,860 749,042
NET CURRENT ASSETS 840,406 947,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

855,609

965,296

CREDITORS
Amounts falling due after more than one year 8 (15,000 ) (25,000 )

PROVISIONS FOR LIABILITIES - (1,711 )
NET ASSETS 840,609 938,585

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 840,509 938,485
SHAREHOLDERS' FUNDS 840,609 938,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:



P N Spence - Director



Mrs J L Ellicott - Director


HOLMTREE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07597750)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2024

1. STATUTORY INFORMATION

Holmtree Developments 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

HOLMTREE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07597750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 30 April 2023
and 29 April 2024 34,000 750 34,750
DEPRECIATION
At 30 April 2023 16,448 417 16,865
Charge for year 2,632 50 2,682
At 29 April 2024 19,080 467 19,547
NET BOOK VALUE
At 29 April 2024 14,920 283 15,203
At 29 April 2023 17,552 333 17,885

5. STOCKS
2024 2023
£    £   
Stock & WIP 819,092 706,902

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loan to Michael J Fields - 30,000
Other debtors 190,000 -
VAT 2,013 58,781
Prepayments 12,196 13,941
204,209 102,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,001 10,001
Trade creditors 11,312 41,652
Corporation tax - 97,641
Other creditors - 2,600
Directors' current accounts 6,642 350,488
Accrued expenses 256,905 246,660
284,860 749,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,001 10,001
Bank loans - 2-5 years 4,999 14,999
15,000 25,000

HOLMTREE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 07597750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 APRIL 2024

9. RELATED PARTY DISCLOSURES

The company made a loan to PNS Landscapes Limited during the year of £160,000 which is included in other debtors. The loan is interest free and repayable upon demand. Mr. P. Spence is a director and shareholder of both PNS Landscapes Limited and Holmtree Developments Limited.

The company made a loan to Peter Spence Limited during the year of £30,000 which is included in other debtors. The loan is interest free and repayable upon demand. Mr. P. Spence is a director and shareholder of both PNS Landscapes Limited and Holmtree Developments Limited.