Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity32falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04231063 2023-07-01 2024-06-30 04231063 2022-07-01 2023-06-30 04231063 2024-06-30 04231063 2023-06-30 04231063 c:CompanySecretary1 2023-07-01 2024-06-30 04231063 c:Director1 2023-07-01 2024-06-30 04231063 c:Director2 2023-07-01 2024-06-30 04231063 c:Director3 2023-07-01 2024-06-30 04231063 c:RegisteredOffice 2023-07-01 2024-06-30 04231063 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 04231063 d:FreeholdInvestmentProperty 2024-06-30 04231063 d:FreeholdInvestmentProperty 2023-06-30 04231063 d:CurrentFinancialInstruments 2024-06-30 04231063 d:CurrentFinancialInstruments 2023-06-30 04231063 d:Non-currentFinancialInstruments 2024-06-30 04231063 d:Non-currentFinancialInstruments 2023-06-30 04231063 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04231063 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04231063 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04231063 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04231063 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 04231063 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 04231063 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 04231063 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 04231063 d:ShareCapital 2024-06-30 04231063 d:ShareCapital 2023-06-30 04231063 d:OtherMiscellaneousReserve 2024-06-30 04231063 d:OtherMiscellaneousReserve 2023-06-30 04231063 d:RetainedEarningsAccumulatedLosses 2024-06-30 04231063 d:RetainedEarningsAccumulatedLosses 2023-06-30 04231063 c:FRS102 2023-07-01 2024-06-30 04231063 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04231063 c:FullAccounts 2023-07-01 2024-06-30 04231063 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04231063 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 04231063







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


HOLGATE PROPERTIES LIMITED






































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HOLGATE PROPERTIES LIMITED
 


 
COMPANY INFORMATION


Directors
B Patel 
D Patel 
R Patel 




Company secretary
D Patel



Registered number
04231063



Registered office
Orchard Cottage
47 Dartford Road

Bexley

Kent

DA5 2AR




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


HOLGATE PROPERTIES LIMITED
REGISTERED NUMBER:04231063



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
7,196,359
7,183,099

  
7,196,359
7,183,099

Current assets
  

Debtors: amounts falling due within one year
 5 
376,155
406,060

Cash at bank and in hand
  
8,420
537,812

  
384,575
943,872

Creditors: amounts falling due within one year
 6 
(966,595)
(1,531,894)

Net current liabilities
  
 
 
(582,020)
 
 
(588,022)

Total assets less current liabilities
  
6,614,339
6,595,077

Creditors: amounts falling due after more than one year
 7 
(2,753,833)
(2,965,406)

Provisions for liabilities
  

Deferred tax
  
(625,523)
(625,523)

  
 
 
(625,523)
 
 
(625,523)

Net assets
  
3,234,983
3,004,148


Capital and reserves
  

Called up share capital 
  
6
6

Other reserves
  
1,876,566
1,876,566

Profit and loss account
  
1,358,411
1,127,576

  
3,234,983
3,004,148


Page 1

 


HOLGATE PROPERTIES LIMITED
REGISTERED NUMBER:04231063


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 income and retained earnings 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: 


D Patel
Director

Date: 11 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


HOLGATE PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Holgate Properties Limited is a private company, limited by shares, registered in England and Wales company registration number 04231063. The registered office address can be found on the Company Information page.
The company does not have a trading address.
The company's functional and presentational currency is GBP.

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 following principal accounting policies have been applied:

  
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 generated via property investment, property rental and management  and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Borrowing costs

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

 
2.4

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 reporting 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 reporting 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 reporting date.

Page 3

 


HOLGATE PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).

Page 4

 


HOLGATE PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
7,183,099


Additions at cost
13,260



At 30 June 2024
7,196,359

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








5.


Debtors

2024
2023
£
£


Trade debtors
2,300
286,060

Other debtors
373,855
120,000

376,155
406,060



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
421,691
254,863

Trade creditors
3,600
-

Corporation tax
195,308
108,658

Other creditors
328,483
911,760

Accruals and deferred income
17,513
256,613

966,595
1,531,894


Bank loan of  £254,863  (2023: £254,863) is secured via fixed charge over the assets of the company.
The loan from MT Finance Limited of £166,828 (2023: £Nil) is secured over a negative pledge charge on properties suitated at 2 A Hook Lane, Welling,Kent, Land lying to the West of Hook Lane,Welling,Kent and Land at the rear of 21-25 Bellegrove Road,Welling, Kent.

Page 5

 


HOLGATE PROPERTIES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,753,833
2,965,406

2,753,833
2,965,406


Bank loan of £2,753,833 (2023: £2,821,291) is secured via fixed charge over the assets of the company.
The loan from MT Finance Limited of £Nil (2023: £164,168) is secured over a negative pledge charge on properties suitated at 2 A Hook Lane, Welling,Kent, Land lying to the West of Hook Lane,Welling,Kent and Land at the rear of 21-25 Bellegrove Road,Welling, Kent.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
421,691
254,863


421,691
254,863

Amounts falling due 1-2 years

Bank loans
-
419,031


-
419,031

Amounts falling due 2-5 years

Bank loans
2,753,833
2,546,375


2,753,833
2,546,375


3,175,524
3,220,269



9.


Related party transactions

Within other creditors, there is an amount of £120,483 (2023: £657,971) due to one of the directors. The amount is interest free and repayable on demand.

 
Page 6