Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity11truetruefalse 05119006 2023-07-01 2024-06-30 05119006 2022-07-01 2023-06-30 05119006 2024-06-30 05119006 2023-06-30 05119006 2022-07-01 05119006 c:Director1 2023-07-01 2024-06-30 05119006 d:CurrentFinancialInstruments 2024-06-30 05119006 d:CurrentFinancialInstruments 2023-06-30 05119006 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05119006 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05119006 d:ShareCapital 2024-06-30 05119006 d:ShareCapital 2023-06-30 05119006 d:RetainedEarningsAccumulatedLosses 2024-06-30 05119006 d:RetainedEarningsAccumulatedLosses 2023-06-30 05119006 c:FRS102 2023-07-01 2024-06-30 05119006 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05119006 c:FullAccounts 2023-07-01 2024-06-30 05119006 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05119006 2 2023-07-01 2024-06-30 05119006 d:OtherDeferredTax 2024-06-30 05119006 d:OtherDeferredTax 2023-06-30 05119006 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05119006










Holdfield Group (No.2) Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2024





 
Holdfield Group (No.2) Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Holdfield Group (No.2) Limited for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Holdfield Group (No.2) Limited for the year ended 30 June 2024 which comprise  the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Holdfield Group (No.2) Limited in accordance with the terms of our engagement letter dated 8 April 2022Our work has been undertaken solely to prepare for your approval the financial statements of Holdfield Group (No.2) Limited and state those matters that we have agreed to state to the director of Holdfield Group (No.2) Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holdfield Group (No.2) Limited and its director for our work or for this report. 

It is your duty to ensure that Holdfield Group (No.2) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Holdfield Group (No.2) Limited. You consider that Holdfield Group (No.2) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Holdfield Group (No.2) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
7 November 2024
Page 1

 
Holdfield Group (No.2) Limited
Registered number: 05119006

Balance Sheet
As at 30 June 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,823,114
1,823,903

Current asset investments
 5 
20,751
20,659

Cash at bank and in hand
  
3,354
7,542

  
1,847,219
1,852,104

Creditors: amounts falling due within one year
 6 
(103,948)
(104,677)

Net current assets
  
 
 
1,743,271
 
 
1,747,427

Total assets less current liabilities
  
1,743,271
1,747,427

Provisions for liabilities
  

Deferred tax
 7 
(448)
(509)

  
 
 
(448)
 
 
(509)

Net assets
  
1,742,823
1,746,918


Capital and reserves
  

Called up share capital 
  
237,600
237,600

Profit and loss account
  
1,505,223
1,509,318

  
1,742,823
1,746,918


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr Michael Holman
Director

Date: 7 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
Holdfield Group (No.2) Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

1.


General information

Holdfield Group (No.2) Limited is a private company, limited by shares, domiciled in England and Wales, registration number 05119006.  The registered office is Chance House, Pips, Lewes Road, East Grinstead, RH19 3TB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
Holdfield Group (No.2) Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
1,823,114
1,823,903

1,823,114
1,823,903



5.


Current asset investments

2024
2023
£
£

Listed investments
20,751
20,659

20,751
20,659


Page 4

 
Holdfield Group (No.2) Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
729

Other creditors
100,000
100,000

Accruals and deferred income
3,948
3,948

103,948
104,677



7.


Deferred taxation




2024
2023


£

£






At beginning of year
(509)
(715)


Charged to profit or loss
61
206



At end of year
(448)
(509)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gains
(448)
(509)

(448)
(509)


8.


Related party transactions

The company has a loan of £100,000 from Queensmere House Limited, a company owned by Mr M J Holman.  The loan is interest free and repayable on demand.

Page 5