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HOLLAND PARK AUTOS (LONDON) LIMITED
Registered Number:01921329
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
HOLLAND PARK AUTOS (LONDON) LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
01921329
As at 31 March 2024
HOLLAND PARK AUTOS (LONDON) LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
54,160
47,047
2
54,160
47,047
Current assets
Inventories
64,999
85,374
3
Trade and other receivables
151,120
97,379
4
467,314
Cash and cash equivalents
439,507
622,260
683,433
Trade and other payables: amounts falling due within one
year
(146,053)
(148,713)
5
537,380
473,547
Net current assets
Total assets less current liabilities
527,707
584,427
Trade and other payables: amounts falling due after more
than one year
(73,808)
(28,339)
6
499,368
Net assets
510,619
Capital and reserves
Called up share capital
100
100
Retained earnings
499,268
510,519
499,368
510,619
Shareholders' funds
For the year ended 31 March 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 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 proper 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
Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
N K JAGTIANI Director
These financial statements were approved and authorised for issue by the Board on 22 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
HOLLAND PARK AUTOS (LONDON) LIMITED
Notes to the Financial Statements
Statutory Information
HOLLAND PARK AUTOS (LONDON) LIMITED is a private limited company, limited by shares, domiciled in England
and Wales, registration number 01921329.
Registered address:
178 SPRING GROVE ROAD
ISLEWORTH
MIDDLESEX
TW7 4BG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 March 2024
HOLLAND PARK AUTOS (LONDON) LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
209,074
43,211
45,056
120,807
19,000
-
19,000
-
Additions
At 31 March 2024
120,807
64,056
43,211
228,074
Provision for depreciation and impairment
At 01 April 2023
162,027
39,260
21,570
101,197
Charge for year
11,887
711
7,647
3,529
At 31 March 2024
173,914
39,971
29,217
104,726
At 31 March 2024
Net book value
16,081
34,839
3,240
54,160
At 31 March 2023
19,610
23,486
3,951
47,047
3. Inventories
2023
2024
£
£
Stocks
85,374
64,999
4. Trade and other receivables
2023
2024
£
£
Trade debtors
97,379
151,120
The Directors current has been cleared in the following period.
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2
-
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
127,348
100,160
Taxation and social security
17,739
41,151
Other creditors
3,624
4,742
148,713
146,053
The directors overdrawn account has been cleared in the following period.
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6
For the year ended 31 March 2024
HOLLAND PARK AUTOS (LONDON) LIMITED
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
28,339
73,808
7. Average number of persons employed
During the year the average number of employees was 8 (2023 : 6)
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