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Company No: 03029239 (England and Wales)

HOLME STYES HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

HOLME STYES HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

HOLME STYES HOLDINGS LIMITED

BALANCE SHEET

As at 30 June 2024
HOLME STYES HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 562,773 562,773
562,773 562,773
Current assets
Debtors 4 1,965,254 1,965,254
Cash at bank and in hand 45,755 11,341
2,011,009 1,976,595
Creditors: amounts falling due within one year 5 ( 14,949) ( 7,912)
Net current assets 1,996,060 1,968,683
Total assets less current liabilities 2,558,833 2,531,456
Net assets 2,558,833 2,531,456
Capital and reserves
Called-up share capital 2 2
Profit and loss account 2,558,831 2,531,454
Total shareholder's funds 2,558,833 2,531,456

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 03029239) were approved and authorised for issue by the Director on 19 March 2025. They were signed on its behalf by:

R Dickinson
Director
HOLME STYES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
HOLME STYES HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

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.

General information and basis of accounting

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.

Going concern

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

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.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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.

Employee benefits

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.

Fixed asset investments

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 debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

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

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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 562,773 562,773

Investments in subsidiaries

2024
£
Cost
At 01 July 2023 562,773
At 30 June 2024 562,773
Carrying value at 30 June 2024 562,773
Carrying value at 30 June 2023 562,773

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 1,965,254 1,965,254

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other taxation and social security 12,333 4,860
Other creditors 2,616 3,052
14,949 7,912

6. Related party transactions

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.