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HOLBECK GHYLL ESTATE LIMITED

Registered Number
13819372
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

HOLBECK GHYLL ESTATE LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

BLAKELEY, Thomas William
LEAHY, Stephen

Registered Address

Holbeck Ghyll Hotel
Holbeck Lane
Windermere
LA23 1LU

Registered Number

13819372 (England and Wales)
HOLBECK GHYLL ESTATE LIMITED
Statement of Financial Position
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3156,511115,543
156,511115,543
Current assets
Stocks433,00028,000
Debtors581,01158,142
Cash at bank and on hand46,71882,518
160,729168,660
Creditors amounts falling due within one year6(412,593)(285,602)
Net current assets (liabilities)(251,864)(116,942)
Total assets less current liabilities(95,353)(1,399)
Net assets(95,353)(1,399)
Capital and reserves
Called up share capital500500
Profit and loss account(95,853)(1,899)
Shareholders' funds(95,353)(1,399)
The financial statements were approved and authorised for issue by the Board of Directors on 21 January 2025, and are signed on its behalf by:
LEAHY, Stephen
Director
Registered Company No. 13819372
HOLBECK GHYLL ESTATE LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company was incorporated on 29 December 2021 but did not begin to trade until 1 February 2022.
Going concern
The company has made a loss during the period. The directors have reviewed the business going forwards for a period of at least twelve months from the date of these accounts being approved and are confident that the company will continue to be a going concern.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.
2.Average number of employees

20242023
Average number of employees during the year2122
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 May 2372,65660,806133,462
Additions-67,66067,660
At 30 April 2472,656128,466201,122
Depreciation and impairment
At 01 May 238,0309,88917,919
Charge for year14,53112,16126,692
At 30 April 2422,56122,05044,611
Net book value
At 30 April 2450,095106,416156,511
At 30 April 2364,62650,917115,543
4.Stocks

2024

2023

££
Other stocks33,00028,000
Total33,00028,000
5.Debtors: amounts due within one year

2024

2023

££
Other debtors54,67433,546
Prepayments and accrued income26,33724,596
Total81,01158,142
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included in other debtors is an amount of £14,400 related to deferred tax. This is a deferred tax asset related to corporation tax losses.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables118,33188,401
Bank borrowings and overdrafts4,503-
Amounts owed to related parties73,73034,794
Taxation and social security34,20227,434
Other creditors143,486134,417
Accrued liabilities and deferred income38,341556
Total412,593285,602
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities
8.Related party transactions
One of the directors has a loan account with the company. During the period the director advanced £Nil to the company and received repayments of £Nil. At 30 April 2024 the company owed the director £106,009. No interest was charged on this loan.
9.Change in reporting period and impact on comparability
The company had lengthened its reporting date from 29 December 2021 to 30 April 2023 in the prior year due to it being the first year of trading. As a result, the comparative amounts are not entirely comparable.