Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
|
|
|
562,773 | 562,773 | |||
Current assets | ||||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
2,011,009 | 1,976,595 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current assets | 1,996,060 | 1,968,683 | ||
Total assets less current liabilities | 2,558,833 | 2,531,456 | ||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account |
|
|
||
Total shareholder's funds |
|
|
Director's responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Holme Styes Holdings Limited (registered number:
R Dickinson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Holme Styes Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Longley, Holmfirth, West Yorkshire, HD9 2JD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Holme Styes Holdings Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The financial statements have been prepared on a going concern basis.
The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Revenue arising from the provision of services is recognised by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome van be reliably measured. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
2024 | 2023 | ||
£ | £ | ||
Subsidiary undertakings |
|
|
Investments in subsidiaries
2024 | |
£ | |
Cost | |
At 01 July 2023 |
|
At 30 June 2024 |
|
Carrying value at 30 June 2024 |
|
Carrying value at 30 June 2023 |
|
2024 | 2023 | ||
£ | £ | ||
Amounts owed by Group undertakings |
|
|
2024 | 2023 | ||
£ | £ | ||
Other taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
Transactions with entities in which the entity itself has a participating interest
2024 | 2023 | ||
£ | £ | ||
Loans to related parties | 1,965,254 | 1,965,254 | |
0 | 0 |
Loans to group companies are unsecured and interest free. There are no set repayment terms.