REGISTERED NUMBER: |
HINDMARCH HOLDINGS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
7 MARCH 2023 TO 29 FEBRUARY 2024 |
REGISTERED NUMBER: |
HINDMARCH HOLDINGS LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
7 MARCH 2023 TO 29 FEBRUARY 2024 |
HINDMARCH HOLDINGS LIMITED (REGISTERED NUMBER: 14711612) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 MARCH 2023 TO 29 FEBRUARY 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 | to | 4 |
HINDMARCH HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 7 MARCH 2023 TO 29 FEBRUARY 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
14 All Saints Street |
Stamford |
Lincolnshire |
PE9 2PA |
HINDMARCH HOLDINGS LIMITED (REGISTERED NUMBER: 14711612) |
STATEMENT OF FINANCIAL POSITION |
29 FEBRUARY 2024 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 director and authorised for issue on |
HINDMARCH HOLDINGS LIMITED (REGISTERED NUMBER: 14711612) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 MARCH 2023 TO 29 FEBRUARY 2024 |
1. | STATUTORY INFORMATION |
Hindmarch Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
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 Sections 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. |
Going concern |
The company generated a net profit after taxation of £1,307 during the period. |
At the balance sheet date the company had net current liabilities of £237,382 and net assets of £1,308. |
The company meets its day to day working capital requirements by relying on loans provided by the participating interest company. At the balance sheet date the company owed this company £188,190. The directors have given assurances that they will not withdraw this funding to the extent that it would jeopardise the company's ability to continue as a going concern. The company will continue to provide additional financial support to the company as required. |
For the above reasons, the director believes it is appropriate to prepare the financial statements on the going concern basis. |
Financial instruments |
The company has chosen to adopt the FRS102 1A in respect of financial instruments. |
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
Taxation |
Taxation for the period 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 statement of financial position date. |
HINDMARCH HOLDINGS LIMITED (REGISTERED NUMBER: 14711612) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 7 MARCH 2023 TO 29 FEBRUARY 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
£ |
COST |
Additions | 238,690 |
At 29 February 2024 | 238,690 |
NET BOOK VALUE |
At 29 February 2024 | 238,690 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 1 |
1 Ordinary share of 1 was allotted and fully paid for |