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Registration number: 00915770

Holmewood Ridge (West) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Holmewood Ridge (West) Limited

Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,675

2,675

Current assets

 

Debtors

5

4,753

1,177

Cash at bank and in hand

 

70,641

55,647

 

75,394

56,824

Creditors: Amounts falling due within one year

6

(1,131)

(568)

Net current assets

 

74,263

56,256

Net assets

 

76,938

58,931

Capital and reserves

 

Called up share capital

2,476

2,474

Share premium reserve

373

373

Retained earnings

74,089

56,084

Shareholders' funds

 

76,938

58,931

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 21 November 2024 and signed on its behalf by:
 

.........................................

Mr C S Cummings

Director

Company registration number: 00915770

 

Holmewood Ridge (West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of the care and maintenance of the roadway called Holmewood Ridge Langton Green lying between Barrow Lane and Broom Lane and the preservation of the amenities in this area.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company continues to receive service charge income from its members to enable the company to continue to meet its financial obligations as and when they fall due.

Having made enquiries the directors have a reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for service charges due in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue from services charges on the date demands are issued to residents in accordance with the respective leases.

Tax

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

 

Holmewood Ridge (West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long leasehold property

over the term of the lease

The length of the lease is such that the accumulated depreciation charge is immaterial.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

4

Tangible assets

Long Leasehold Property
£

Total
£

Cost or valuation

At 1 April 2023

2,675

2,675

At 31 March 2024

2,675

2,675

Carrying amount

At 31 March 2024

2,675

2,675

At 31 March 2023

2,675

2,675

 

Holmewood Ridge (West) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

2024
£

2023
£

Trade debtors

4,675

1,100

Other debtors

78

77

4,753

1,177

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

 

8

8

Other creditors

 

1,123

560

 

1,131

568