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Registration number: 13338456

Homeleigh Farm Holdings Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Homeleigh Farm Holdings Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Homeleigh Farm Holdings Limited

(Registration number: 13338456)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

34,205

51,215

Investment property

1,050,760

992,314

Other financial assets

5

106,267

100,340

 

1,191,232

1,143,869

Current assets

 

Debtors

8,916

13,611

Cash at bank and in hand

 

11,023

74,581

 

19,939

88,192

Creditors: Amounts falling due within one year

(680,399)

(924,507)

Net current liabilities

 

(660,460)

(836,315)

Total assets less current liabilities

 

530,772

307,554

Provisions for liabilities

(5,316)

(8,449)

Net assets

 

525,456

299,105

Capital and reserves

 

Called up share capital

100

100

Other reserves

38,278

47,188

Profit and loss account

487,078

251,817

Total equity

 

525,456

299,105

For the financial year ending 30 April 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 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.

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 Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 14 January 2025 and signed on its behalf by:
 

Mrs K Nicholas

Director

Mr B J Nicholas

Director

 

Homeleigh Farm Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 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:
Homeleigh Farm
Polperro Road
Looe
Cornwall
PL13 2JE

These financial statements were authorised for issue by the Board on 14 January 2025.

2

Accounting policies

Statement of compliance

These abridged 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 abridged 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

The financial statements have been prepared on a going concern basis. The directors have agreed to continue to support the company for at least a period of 12 months after signing the accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company 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 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.

 

Homeleigh Farm Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

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

Fixture and fittings

20% straight line

Office equipment

25% reducing balance

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3

Staff numbers

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

4

Tangible assets

Total
£

Cost or valuation

At 1 May 2023

85,309

At 30 April 2024

85,309

Depreciation

At 1 May 2023

34,094

Charge for the year

17,010

At 30 April 2024

51,104

Carrying amount

At 30 April 2024

34,205

At 30 April 2023

51,215

Investment properties

2024
£

At 1 May 2022

992,314

Additions

69,446

Fair value adjustments

(11,000)

At 30 April 2023

1,050,760

There has been no valuation of investment property by an independent valuer.

 

Homeleigh Farm Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

5

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2023

100,340

Fair value adjustments

4,570

Additions

4,405

Disposals

(3,048)

At 30 April 2024

106,267

Carrying amount

At 30 April 2024

106,267