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REGISTERED NUMBER: 13695436 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HOLMECROFT ASSOCIATES LTD

HOLMECROFT ASSOCIATES LTD (REGISTERED NUMBER: 13695436)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOLMECROFT ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: I L Reddy
Mrs K S C Reddy





REGISTERED OFFICE: Holmecroft
Wood Lane North
Adlington
Macclesfield
Cheshire
SK10 4PF





REGISTERED NUMBER: 13695436 (England and Wales)





ACCOUNTANTS: Streets Hackett Griffey LLP
Accountants & Business Advisers
31 High Street
Haverhill
Suffolk
CB9 8AD

HOLMECROFT ASSOCIATES LTD (REGISTERED NUMBER: 13695436)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,458 -

CURRENT ASSETS
Debtors 5 1,596 38,369
Cash at bank 124,550 153,174
126,146 191,543
CREDITORS
Amounts falling due within one year 6 772 52,663
NET CURRENT ASSETS 125,374 138,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,832

138,880

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 133,830 138,878
SHAREHOLDERS' FUNDS 133,832 138,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:



I L Reddy - Director



Mrs K S C Reddy - Director


HOLMECROFT ASSOCIATES LTD (REGISTERED NUMBER: 13695436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Holmecroft Associates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

HOLMECROFT ASSOCIATES LTD (REGISTERED NUMBER: 13695436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 8,826
At 31 October 2024 8,826
DEPRECIATION
Charge for year 368
At 31 October 2024 368
NET BOOK VALUE
At 31 October 2024 8,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 35,813
Other debtors 1,596 2,556
1,596 38,369

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 52,663
Other creditors 772 -
772 52,663

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mrs K S C Reddy and I L Reddy
Balance outstanding at start of year 1,918 -
Amounts advanced 185,039 242,678
Amounts repaid (186,957 ) (240,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,918

Interest of £3,633 at the rate of 2.25% p.a. was charged on the above loan and is included in the balance.