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REGISTERED NUMBER: 02773925 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Holmfield Investments Limited

Holmfield Investments Limited (Registered number: 02773925)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Holmfield Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr M A Richman





SECRETARY: Mrs B Richman





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 02773925 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Holmfield Investments Limited (Registered number: 02773925)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Investment property 4 2,790,130 2,790,130

CURRENT ASSETS
Debtors 5 1,253,302 1,178,777
Cash at bank 105,787 261,167
1,359,089 1,439,944
CREDITORS
Amounts falling due within one year 6 518,259 509,289
NET CURRENT ASSETS 840,830 930,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,630,960

3,720,785

CREDITORS
Amounts falling due after more than one
year

7

(1,055,047

)

(1,110,822

)

PROVISIONS FOR LIABILITIES 9 (104,532 ) (104,532 )
NET ASSETS 2,471,381 2,505,431

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable reserves 11 1,043,608 1,043,608
Retained earnings 11 1,427,673 1,461,723
SHAREHOLDERS' FUNDS 2,471,381 2,505,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Holmfield Investments Limited (Registered number: 02773925)

Balance Sheet - continued
31 December 2023


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 29 January 2025 and were signed by:





Mr M A Richman - Director


Holmfield Investments Limited (Registered number: 02773925)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Holmfield Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,790,130
NET BOOK VALUE
At 31 December 2023 2,790,130
At 31 December 2022 2,790,130

Fair value at 31 December 2023 is represented by:
£
Valuation in 2019 1,148,141
Cost 1,641,989
2,790,130

Holmfield Investments Limited (Registered number: 02773925)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Amounts owed by participating interests 18,493 18,493
Other debtors 1,234,809 1,160,284
1,253,302 1,178,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Bank loans and overdrafts 119,836 119,836
Amounts owed to participating interests 3,105 3,105
Taxation and social security 103,293 88,362
Other creditors 292,025 297,986
518,259 509,289

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Bank loans 1,055,047 1,110,822

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 163,810 170,462

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£ £
Properties 1,149,957 1,195,842

The mortgages are secured by specific charges on the properties and a general charge over all the assets of the company.

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£ £
Deferred tax 104,532 104,532

Deferred tax
£
Balance at 1 January 2023 104,532
Balance at 31 December 2023 104,532

Holmfield Investments Limited (Registered number: 02773925)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
100 Ordinary shares £1 100 100

11. RESERVES
Non
Retained distributable
earnings reserves Totals
£ £ £

At 1 January 2023 1,461,723 1,043,608 2,505,331
Profit for the year 25,950 25,950
Dividends (60,000 ) (60,000 )
At 31 December 2023 1,427,673 1,043,608 2,471,281

12. RELATED PARTY DISCLOSURES

The director has given guarantees in respect of the mortgages.


13. CONTROLLING PARTIES

The company is controlled by the director Mr M A Richman.