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Registration number: 02165309

Holdenbridge Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

(filleted for filing purposes)

 

Holdenbridge Limited

Contents

Company Information

1

Profit and Loss Account

2

Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 9

 

Holdenbridge Limited

Company Information

Directors

P Loxton Edwards

P J Loxton Edwards

V E C Loxton Edwards

B F Loxton Edwards

Company secretary

P J Loxton Edwards

Registered office

The New Barn Mill Lane
Eastry
Sandwich
Kent
CT13 0JW

 

Holdenbridge Limited

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

35,856

33,873

Cost of sales

 

(24,157)

(38,786)

Gross profit/(loss)

 

11,699

(4,913)

Administrative expenses

 

(77,972)

(161,963)

Other operating income

 

65,699

279,497

Operating (loss)/profit

 

(574)

112,621

Net loss on financial liabilities at fair value through profit and loss

 

(20,000)

(8,500)

Other interest receivable and similar income

 

32,218

11

Interest payable and similar expenses

 

(20)

(372)

   

12,198

(8,861)

Profit before tax

11,624

103,760

Corporation tax charge

 

(6,505)

(10,812)

Origination and reversal of timing differences

 

4,910

(36,464)

Tax on profit

 

(1,595)

(47,276)

Profit for the financial year

 

10,029

56,484

The above results were derived from continuing operations.

 

Holdenbridge Limited

(Registration number: 02165309)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

1,079,700

1,099,700

Current assets

 

Debtors

6

1,518,222

1,465,772

Cash at bank and in hand

 

23,331

123,151

 

1,541,553

1,588,923

Creditors: Amounts falling due within one year

7

(13,832)

(57,109)

Net current assets

 

1,527,721

1,531,814

Total assets less current liabilities

 

2,607,421

2,631,514

Provisions for liabilities

(176,912)

(181,822)

Net assets

 

2,430,509

2,449,692

Capital and reserves

 

Called up share capital

9

2

2

Profit and loss account - non distributable

675,901

690,991

Retained earnings

1,754,606

1,758,699

Shareholders' funds

 

2,430,509

2,449,692

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Holdenbridge Limited

(Registration number: 02165309)
Balance Sheet as at 31 March 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................

P Loxton Edwards

Managing Director

 

Holdenbridge Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Profit and loss account - non distributable
£

Retained earnings
£

Total
£

At 1 April 2023

2

690,991

1,758,699

2,449,692

Profit for the year

-

-

10,029

10,029

Transfers

-

(15,090)

15,090

-

Dividends

-

-

(29,212)

(29,212)

At 31 March 2024

2

675,901

1,754,606

2,430,509

Share capital
£

Profit and loss account - non distributable
£

Retained earnings
£

Total
£

At 1 April 2022

2

772,287

1,620,919

2,393,208

Profit for the year

-

-

56,484

56,484

Transfers

-

(81,296)

81,296

-

At 31 March 2023

2

690,991

1,758,699

2,449,692

 

Holdenbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The New Barn Mill Lane
Eastry
Sandwich
Kent
CT13 0JW
England

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

Holdenbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25%-30% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director using external valuers where considered necessary. The directors (and their professional advisors where utilised) use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

Holdenbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

1,162

1,162

Disposals

(1,162)

(1,162)

At 31 March 2024

-

-

Depreciation

At 1 April 2023

1,162

1,162

Eliminated on disposal

(1,162)

(1,162)

At 31 March 2024

-

-

Carrying amount

At 31 March 2024

-

-

5

Investment properties

2024
£

At 1 April 2023

1,099,700

Fair value adjustments

(20,000)

At 31 March 2024

1,079,700

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,661

1,571

Amounts owed by related parties

1,460,595

1,460,595

Other debtors

 

55,966

3,606

   

1,518,222

1,465,772

 

Holdenbridge Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Taxation and social security

 

2,826

3,653

Other creditors

 

11,006

53,456

 

13,832

57,109

8

Provisions for liabilities

Deferred tax
£

Total
£

At 1 April 2023

181,822

181,822

Increase (decrease) in existing provisions

(4,910)

(4,910)

At 31 March 2024

176,912

176,912

The vast majority of the Deferred Tax provision relates to tax which would be payable if the investment properties were to be sold at their revalued amounts. This provision has been calculated at the current rate of Corporation Tax in accordance with the accounting policy.

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

10

Parent and ultimate parent undertaking

The company's immediate parent is Edwards Dining Rooms Limited, incorporated in England and Wales.