Company registration number 12215116 (England and Wales)
Hollins Didsbury Limited
Unaudited financial statements
For the year ended 30 April 2024
Hollins Didsbury Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Hollins Didsbury Limited
Balance sheet
As at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
708,732
703,136
Debtors
3
9,590
22,291
Cash at bank and in hand
783
910
719,105
726,337
Creditors: amounts falling due within one year
4
(4,840)
(9,316)
Net current assets
714,265
717,021
Creditors: amounts falling due after more than one year
5
(729,950)
(729,950)
Net liabilities
(15,685)
(12,929)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(15,785)
(13,029)
Total equity
(15,685)
(12,929)
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 16 January 2025 and are signed on its behalf by:
Mrs L Goodman
Director
Company registration number 12215116 (England and Wales)
Hollins Didsbury Limited
Notes to the financial statements
For the year ended 30 April 2024
- 2 -
1
Accounting policies
Company information
Hollins Didsbury 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
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Stocks
Stocks are stated at the lower of cost and net realisable value.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
Hollins Didsbury Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
9,590
22,291
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,440
6,916
Other creditors
3,400
2,400
4,840
9,316
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
729,950
729,950
Other creditors due after more than one year include deferred payments of £300,000 (2023: £300,000) for land held in stock. The amount outstanding of £300,000 (2023: £300,000) is secured on the land held in stock.
Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
-
60,000
Payable other than by instalments
429,950
429,950
429,950
489,950
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
A ordinary shares of £1 each
50
50
50
50
B ordinary shares of £1 each
50
50
50
50
100
100
100
100
£49 of the B ordinary share capital remains unpaid at the period end.
Hollins Didsbury Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 4 -
7
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
5,596
5,763
2024
2023
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
429,950
429,950
Entities with common control
-
6,916
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due from related parties
£
£
Other related parties
8,568
22,235