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Registration number: 06855103

Hollam Shoot Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Hollam Shoot Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Hollam Shoot Limited

(Registration number: 06855103)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

40,467

Current assets

 

Debtors

5

92

45,146

Cash at bank and in hand

 

7,004

36,221

 

7,096

81,367

Creditors: Amounts falling due within one year

 

(56,647)

(131,404)

Net current liabilities

 

(49,551)

(50,037)

Net liabilities

 

(49,551)

(9,570)

Capital and reserves

 

Called up share capital

110

110

Profit and loss account

(49,661)

(9,680)

Shareholders' deficit

 

(49,551)

(9,570)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 director acknowledges her 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.

Approved and authorised by the director on 29 November 2024
 

Mrs A Prebensen

Director

 

Hollam Shoot Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 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:
Hollam House
Hollam Estate
Dulverton
Somerset
TA22 9JH

2

Accounting policies

Statement of compliance

These financial statements were 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 that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These financial statements have been prepared on the basis that the company has discontinued its operations and no longer engages in any business activities.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company's activities.

Tax

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

The current 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

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

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:

 

Hollam Shoot Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and machinery

20% reducing balance

Leasehold improvements

2% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 15).

4

Tangible assets

Total
£

Cost or valuation

At 1 March 2023

157,629

Additions

17,000

Disposals

(174,629)

At 29 February 2024

-

Depreciation

At 1 March 2023

117,162

Eliminated on disposal

(117,162)

At 29 February 2024

-

Carrying amount

At 29 February 2024

-

At 28 February 2023

40,467

5

Debtors

2024
£

2023
£

Trade debtors

-

30,816

Other debtors

92

14,330

92

45,146

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

-

942

Taxation and social security

-

6,426

Other creditors

56,647

124,036

56,647

131,404