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Company registration number: SC521546
Horse Mill Holdings Ltd
Unaudited filleted financial statements
31 March 2024
Horse Mill Holdings Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Horse Mill Holdings Ltd
Directors and other information
Directors Dr Juliet Graham
Mr Ron Jeffrys
Company number SC521546
Registered office 30 Mid Street
Bathgate
West Lothian
EH48 1PT
Accountants Barrie Scott & Co.
30 Mid Street
Bathgate
West Lothian
EH48 1PT
Horse Mill Holdings Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Horse Mill Holdings Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Horse Mill Holdings Ltd for the year ended 31 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Horse Mill Holdings Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Horse Mill Holdings Ltd and state those matters that we have agreed to state to the board of directors of Horse Mill Holdings Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Horse Mill Holdings Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Horse Mill Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Horse Mill Holdings Ltd. You consider that Horse Mill Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Horse Mill Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Barrie Scott & Co.
Accountants & Tax Advisers
30 Mid Street
Bathgate
West Lothian
EH48 1PT
Horse Mill Holdings Ltd
Statement of financial position
31 March 2024
2024 2023
£ £
Fixed assets 77,899 203,671
_______ _______
Current assets 81,084 9,613
Creditors: amounts falling due within one year ( 7,218) ( 77,991)
_______ _______
Net current assets/(liabilities) 73,866 ( 68,378)
_______ _______
Total assets less current liabilities 151,765 135,293
Creditors: amounts falling due after more than one year ( 56,907) ( 56,907)
Accruals and deferred income ( 1,200) ( 26,640)
_______ _______
Net assets 93,658 51,746
_______ _______
Capital and reserves 93,658 51,746
_______ _______
Notes to the financial statements
Horse Mill Holdings Ltd
Year ended 31 March 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
2. Directors advances, credits and guarantees
Debtors includes £80902 (2023: - £69521) due by directors. This loan is interest free and has no fixed terms of repayment.
3. Transition to FRS 105
These are the first financial statements that comply with FRS 105, transitioning at 1 April 2016. Under this new standard, properties are required to be depreciated over their useful lives, revaluation is not permitted and deferred tax is not provided for. As a result of applying this new standard, it was necessary to restate the opening balances and the comparative figures. The comparatives cover the period 1 April 2016 to 31 March 2017.
4. Security over the company's assets
The mortgage providers hold standard securities over the properties they have provided loans for. Also, there is a floating charge over the company's property or undertakings.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 28 January 2025 , and are signed on behalf of the board by:
Dr Juliet Graham
Director
Company registration number: SC521546
The company is a private company limited by shares, registered in Scotland.