Registered number
09486685
Hollinsend Food & Wine Ltd
Filleted Accounts
30 November 2024
Hollinsend Food & Wine Ltd
Registered number: 09486685
Balance Sheet
as at 30 November 2024
Notes 30/11/24 29/2/24
£ £
Fixed assets
Intangible assets 3 100,000 100,000
Tangible assets 4 105,609 106,640
205,609 206,640
Current assets
Stocks 10,000 100,000
Debtors 5 2,883 2,883
Cash at bank and in hand 2,302 16,870
15,185 119,753
Creditors: amounts falling due within one year 6 (116,340) (154,240)
Net current liabilities (101,155) (34,487)
Total assets less current liabilities 104,454 172,153
Creditors: amounts falling due after more than one year 7 (49,978) (41,724)
Net assets 54,476 130,429
Capital and reserves
Called up share capital 100 100
Profit and loss account 54,376 130,329
Shareholders' funds 54,476 130,429
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hasan POLAT
Director
Approved by the board on 17 February 2025
Hollinsend Food & Wine Ltd
Notes to the Accounts
for the period from 1 March 2024 to 30 November 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 30/11/24 29/2/24
Number Number
Average number of persons employed by the company 3 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2024 100,000
At 30 November 2024 100,000
Amortisation
At 30 November 2024 -
Net book value
At 30 November 2024 100,000
At 29 February 2024 100,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2024 93,376 36,517 3,500 133,393
At 30 November 2024 93,376 36,517 3,500 133,393
Depreciation
At 1 March 2024 - 23,723 3,030 26,753
Charge for the period - 960 71 1,031
At 30 November 2024 - 24,683 3,101 27,784
Net book value
At 30 November 2024 93,376 11,834 399 105,609
At 29 February 2024 93,376 12,794 470 106,640
5 Debtors 30/11/24 29/2/24
£ £
Other debtors 2,883 2,883
6 Creditors: amounts falling due within one year 30/11/24 29/2/24
£ £
Taxation and social security costs 50,502 50,606
Other creditors 65,838 103,634
116,340 154,240
7 Creditors: amounts falling due after one year 30/11/24 29/2/24
£ £
Other creditors 49,978 41,724
8 Controlling party
Hasan POLAT, a company director controls the company by virtue of holding 100% of the issued share capital.
9 Other information
Hollinsend Food & Wine Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Clock House Parade
North Circular Road
London
N13 6BG
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