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REGISTERED NUMBER: 01474187 (England and Wales)










Holmes Hose Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Holmes Hose Limited (Registered number: 01474187)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Holmes Hose Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr L G Thomas





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 01474187 (England and Wales)






Holmes Hose Limited (Registered number: 01474187)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,365 384,572

CURRENT ASSETS
Stocks 108,680 112,771
Debtors 5 169,530 579,425
Cash at bank 40,296 27,452
318,506 719,648
CREDITORS
Amounts falling due within one year 6 264,689 253,313
NET CURRENT ASSETS 53,817 466,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,182

850,907

CREDITORS
Amounts falling due after more than one
year

7

-

(65,000

)

PROVISIONS FOR LIABILITIES (6,529 ) (28,073 )
NET ASSETS 81,653 757,834

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves - 333,827
Retained earnings 81,553 423,907
81,653 757,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 27 November 2024 and were signed by:





Mr L G Thomas - Director


Holmes Hose Limited (Registered number: 01474187)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Holmes Hose 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 etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Holmes Hose Limited (Registered number: 01474187)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 380,000 40,842 420,842
Additions - 31,586 31,586
Disposals (380,000 ) - (380,000 )
At 31 March 2024 - 72,428 72,428
DEPRECIATION
At 1 April 2023 - 36,270 36,270
Charge for year - 1,793 1,793
At 31 March 2024 - 38,063 38,063
NET BOOK VALUE
At 31 March 2024 - 34,365 34,365
At 31 March 2023 380,000 4,572 384,572

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,991 114,712
Amounts owed by group undertakings 33,459 445,142
Other debtors 13,080 19,571
169,530 579,425

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 30,000
Trade creditors 220,675 190,990
Taxation and social security 20,533 19,081
Other creditors 23,481 13,242
264,689 253,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 65,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 35,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr L Thomas on the basis that he owns all of the shareholding in Chapter Hose Property Limited, the parent company.

Holmes Hose Limited (Registered number: 01474187)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. RELATED PARTY TRANSACTIONS

During the year the parent company, Chapter Hose Property Limited, bought the premises and shareholding of the company.

The company paid rent to the parent company of £30,000, and also a dividend of £425,000.