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Registration number: 09708891

Holmes & Clarke Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Holmes & Clarke Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Holmes & Clarke Limited

Company Information

Directors

Mrs K E Holmes

Mr N J Clarke

Registered office

4, Puttenham Road
Chineham
Basingstoke
Hampshire
RG24 8RA

Accountants

ASL Accountants 15 Millers Way
Houghton Regis
Dunstable
Bedfordshire
LU5 5FH

 

Holmes & Clarke Limited

(Registration number: 09708891)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

1,600,000

1,600,000

Current assets

 

Debtors

1

1

Cash at bank and in hand

 

22,138

18,342

 

22,139

18,343

Creditors: Amounts falling due within one year

6

(210,861)

(248,420)

Net current liabilities

 

(188,722)

(230,077)

Total assets less current liabilities

 

1,411,278

1,369,923

Creditors: Amounts falling due after more than one year

6

(1,152,818)

(1,153,245)

Provisions for liabilities

(36,755)

(31,165)

Net assets

 

221,705

185,513

Capital and reserves

 

Called up share capital

100

100

Other reserves

105,215

110,805

Retained earnings

116,390

74,608

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:

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.

 

Holmes & Clarke Limited

(Registration number: 09708891)
Balance Sheet as at 31 July 2024

These financial statements have been prepared and 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 4 February 2025 and signed on its behalf by:
 

.........................................
Mrs K E Holmes
Director

.........................................
Mr N J Clarke
Director

 
     
 

Holmes & Clarke Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4, Puttenham Road
Chineham
Basingstoke
Hampshire
RG24 8RA
England

These financial statements were authorised for issue by the Board on 4 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 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

Investment property is carried at fair value, derived from the current market prices for comparable real estate.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Holmes & Clarke Limited

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

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

10,677

8,342

5

Investment properties

2024
£

At 1 August

1,600,000

At 31 July

1,600,000

There has been no valuation of investment property by an independent valuer. An agreed valuation being supplied by the directors.

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts due to related parties

7

198,484

238,484

Other payables

 

201

94

Accruals

 

1,500

1,500

Corporation tax liability

10,676

8,342

 

210,861

248,420

Due after one year

 

Loans and borrowings

8

1,152,818

1,153,245

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

1,152,818

1,153,245

 

Holmes & Clarke Limited

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

7

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

Loan from director

(139,242)

25,000

(114,242)

Mr N J Clarke

Loan from the director

(99,242)

15,000

(84,242)

2023

At 1 August 2022
£

Advances to director
£

Repayments by director
£

At 31 July 2023
£

Mrs K E Holmes

Loan from director

(155,192)

-

15,950

(139,242)

Mr N J Clarke

Loan from the director

(114,150)

15,950

(1,042)

(99,242)

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,152,818

1,153,245