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Registered number: 09596435
Holmleigh Estates Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09596435
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,438,508 1,438,508
Investments 5 466,500 466,500
1,905,008 1,905,008
CURRENT ASSETS
Debtors 6 288,798 337,109
Cash at bank and in hand 44,644 21,717
333,442 358,826
Creditors: Amounts Falling Due Within One Year 7 (1,102,989 ) (1,203,475 )
NET CURRENT ASSETS (LIABILITIES) (769,547 ) (844,649 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,135,461 1,060,359
Creditors: Amounts Falling Due After More Than One Year 8 (1,318,919 ) (1,309,768 )
NET LIABILITIES (183,458 ) (249,409 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (183,459 ) (249,410 )
SHAREHOLDERS' FUNDS (183,458) (249,409)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Moishe Lipschitz
Director
26/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Holmleigh Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09596435 . The registered office is 137 Holmleigh Road, London, N16 5QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 1,438,508
5. Investments
Unlisted
£
Cost
As at 1 June 2023 466,500
As at 31 May 2024 466,500
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 466,500
As at 1 June 2023 466,500
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,798 1,586
Other debtors 287,000 335,523
288,798 337,109
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 9,342 9,342
Other taxes and social security 13,763 13,708
Other creditors 1,079,884 1,180,425
1,102,989 1,203,475
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,318,919 1,309,768
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4