Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseproperty rental.21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12464752 2023-03-01 2024-02-29 12464752 2022-03-01 2023-02-28 12464752 2024-02-29 12464752 2023-02-28 12464752 c:Director1 2023-03-01 2024-02-29 12464752 d:FreeholdInvestmentProperty 2024-02-29 12464752 d:FreeholdInvestmentProperty 2023-02-28 12464752 d:CurrentFinancialInstruments 2024-02-29 12464752 d:CurrentFinancialInstruments 2023-02-28 12464752 d:Non-currentFinancialInstruments 2024-02-29 12464752 d:Non-currentFinancialInstruments 2023-02-28 12464752 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12464752 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12464752 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 12464752 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 12464752 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 12464752 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 12464752 d:ShareCapital 2024-02-29 12464752 d:ShareCapital 2023-02-28 12464752 d:RetainedEarningsAccumulatedLosses 2024-02-29 12464752 d:RetainedEarningsAccumulatedLosses 2023-02-28 12464752 c:FRS102 2023-03-01 2024-02-29 12464752 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12464752 c:FullAccounts 2023-03-01 2024-02-29 12464752 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12464752 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 12464752










HOLMCROFT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
HOLMCROFT LIMITED
REGISTERED NUMBER: 12464752

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
420,241
420,241

  
420,241
420,241

Current assets
  

Debtors: amounts falling due within one year
  
10,000
-

Cash at bank and in hand
  
6,068
14,330

  
16,068
14,330

Creditors: amounts falling due within one year
 6 
(74,569)
(134,022)

Net current liabilities
  
 
 
(58,501)
 
 
(119,692)

Total assets less current liabilities
  
361,740
300,549

Creditors: amounts falling due after more than one year
 7 
(299,176)
(299,176)

Provisions for liabilities
  

Deferred tax
  
(1,547)
(1,547)

  
 
 
(1,547)
 
 
(1,547)

Net assets/(liabilities)
  
61,017
(174)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
60,917
(274)

  
61,017
(174)


Page 1

 
HOLMCROFT LIMITED
REGISTERED NUMBER: 12464752
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Simon Kevin Thomas
Director

Date: 26 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HOLMCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Holmcroft Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address is:
10 Maes-Y-Coed Road
Heath
Cardiff
CF14 4HF

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
HOLMCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
HOLMCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).


4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
420,241



At 29 February 2024
420,241

The 2024 valuations were made by the director, on an open market value for existing use basis.





5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
10,000
-

10,000
-



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
17,494
775

Other creditors
53,273
129,647

Accruals and deferred income
3,802
3,600

74,569
134,022


Page 5

 
HOLMCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
299,176
299,176

299,176
299,176


The following liabilities were secured:

29 February
28 February
2024
2023
£
£



Bank Loans
299,176
299,176

299,176
299,176

Details of security provided:

Bank loans are secured against the properties they relate to.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

29 February
28 February
2024
2023
£
£


Repayable by instalments
299,176
299,176

299,176
299,176



Page 6

 
HOLMCROFT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
299,176
299,176

299,176
299,176

299,176
299,176


Page 7