Registration number:
Holmes & Clarke Limited
for the Year Ended 31 July 2024
Holmes & Clarke Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Holmes & Clarke Limited
Company Information
Directors |
Mrs K E Holmes Mr N J Clarke |
Registered office |
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Accountants |
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Holmes & Clarke Limited
(Registration number: 09708891)
Balance Sheet as at 31 July 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Other reserves |
105,215 |
110,805 |
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Retained earnings |
116,390 |
74,608 |
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Shareholders' funds |
221,705 |
185,513 |
For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Holmes & Clarke Limited
(Registration number: 09708891)
Balance Sheet as at 31 July 2024
Approved and authorised by the
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Holmes & Clarke Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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 rents receivable within the accounting year.
Tax
The tax expense for the period comprises current 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.
Holmes & Clarke Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is provided on the fair value adjustments in respect of the Investment Properties.
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.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
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.
Borrowings
Interest-bearing borrowings are recorded at transaction costs. These comprise interest only mortgages.
Interest expense is recognised on the basis of that charged by the lenders.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Holmes & Clarke Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Taxation |
Tax charged/(credited) in the profit and loss account
2024 |
2023 |
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Current taxation |
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UK corporation tax |
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Investment properties |
2024 |
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At 1 August |
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At 31 July |
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There has been no valuation of investment property by an independent valuer. An agreed valuation being supplied by the directors.
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Amounts due to related parties |
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Other payables |
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Accruals |
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Corporation tax liability |
10,676 |
8,342 |
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Due after one year |
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Loans and borrowings |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Holmes & Clarke Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024
Related party transactions |
The loans from the directors are interest free and repayable on demand.
Transactions with directors |
2024 |
At 1 August 2023 |
Repayments by director |
At 31 July 2024 |
Mrs K E Holmes |
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Loan from director |
( |
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( |
Mr N J Clarke |
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Loan from the director |
( |
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( |
2023 |
At 1 August 2022 |
Advances to director |
Repayments by director |
At 31 July 2023 |
Mrs K E Holmes |
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Loan from director |
( |
- |
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( |
Mr N J Clarke |
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Loan from the director |
( |
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( |
( |
Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
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Bank borrowings |
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