Company registration number 08934300 (England and Wales)
Hollins Monet Limited
Unaudited financial statements
For the year ended 30 April 2024
Hollins Monet Limited
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
Hollins Monet Limited
Balance sheet
As at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
247,159
650
Current assets
Stocks
686,839
903,359
Debtors
4
2,426,358
10,875,251
Cash at bank and in hand
7,092
4,541
3,120,289
11,783,151
Creditors: amounts falling due within one year
5
(1,085,905)
(8,918,927)
Net current assets
2,034,384
2,864,224
Total assets less current liabilities
2,281,543
2,864,874
Creditors: amounts falling due after more than one year
6
(10,833)
(20,833)
Net assets
2,270,710
2,844,041
Capital and reserves
Called up share capital
7
200
200
Capital redemption reserve
60
60
Profit and loss reserves
2,270,450
2,843,781
Total equity
2,270,710
2,844,041
Hollins Monet Limited
Balance sheet (continued)
As at 30 April 2024
- 2 -
For the financial year ended 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 financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 29 January 2025 and are signed on its behalf by:
Mr S L Goodman
Director
Company registration number 08934300 (England and Wales)
HOLLINS MONET LIMITED
Hollins Monet Limited
Statement of changes in equity
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 May 2022
140
60
2,862,551
2,862,751
Year ended 30 April 2023:
Loss and total comprehensive income for the year
-
-
(18,770)
(18,770)
Issue of share capital
7
60
-
-
60
Balance at 30 April 2023
200
60
2,843,781
2,844,041
Year ended 30 April 2024:
Loss and total comprehensive income for the year
-
-
(573,331)
(573,331)
Balance at 30 April 2024
200
60
2,270,450
2,270,710
Hollins Monet Limited
Notes to the financial statements
For the year ended 30 April 2024
- 4 -
1
Accounting policies
Company information
Hollins Monet Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 3, First Floor, Victoria Court, Bexton Road, Knutsford, Cheshire, WA16 0PF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for development land and related services net of VAT.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.4
Stocks
Stocks are stated at the lower of cost and net realisable value.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Hollins Monet Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
650
650
Other investments other than loans
246,509
247,159
650
Movements in fixed asset investments
Shares in joint ventures
Other investments
Total
£
£
£
Cost or valuation
At 1 May 2023
650
-
650
Additions
-
246,509
246,509
At 30 April 2024
650
246,509
247,159
Carrying amount
At 30 April 2024
650
246,509
247,159
At 30 April 2023
650
-
650
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
10,730,601
Other debtors
2,426,358
144,650
2,426,358
10,875,251
Hollins Monet Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
1,440
1,361,507
Corporation tax
615,400
Other creditors
229,087
6,929,620
Accruals and deferred income
845,378
2,400
1,085,905
8,918,927
Bank loans are unsecured.
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,833
20,833
Bank loans are unsecured.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
A Ordinary shares of 10p each
1,275
1,275
128
128
B Ordinary shares of 10p each
425
425
42
42
C Ordinary shares of 10p each
300
300
30
30
2,000
2,000
200
200
At the year end 225 A ordinary shares of £0.10 each, 75 B ordinary shares of £0.10 each and 300 C ordinary shares of £0.10 each remain unpaid.
Hollins Monet Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 7 -
8
Related party transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Purchases
Purchases
2024
2023
£
£
Entities with common control
967,598
168,891
Management Charges
2024
2023
£
£
Entities with common control
3,014,636
22,201
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due to related parties
£
£
Entities with common control
842,978
8,062,077
Key management personnel
228,400
228,400
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
56,000
55,000
Entities with common control
2,353,417
10,808,460
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