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REGISTERED NUMBER: 01957198 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Honiley Estates Limited

Honiley Estates Limited (Registered number: 01957198)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Honiley Estates Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr N W P Wade
Mr T C S Wade
Mrs M Wade
Mr C B Wade





SECRETARY: Mr N W P Wade





REGISTERED OFFICE: 66 Holloway Head
Birmingham
B1 1NG





REGISTERED NUMBER: 01957198 (England and Wales)





ACCOUNTANTS: Methven Accountancy Services Limited
76 Waltham Way
Chingford
London
E4 8HE

Honiley Estates Limited (Registered number: 01957198)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,883,995 1,699,032
Investments 5 102 102
1,884,097 1,699,134

CURRENT ASSETS
Debtors 6 472,055 466,549
Cash at bank 115,317 222,086
587,372 688,635
CREDITORS
Amounts falling due within one year 7 408,462 389,726
NET CURRENT ASSETS 178,910 298,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,063,007

1,998,043

PROVISIONS FOR LIABILITIES 8 42 38
NET ASSETS 2,062,965 1,998,005

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,062,765 1,997,805
SHAREHOLDERS' FUNDS 2,062,965 1,998,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Honiley Estates Limited (Registered number: 01957198)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





Mr C B Wade - Director


Honiley Estates Limited (Registered number: 01957198)

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

1. STATUTORY INFORMATION

Honiley Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Honiley Estates Limited (Registered number: 01957198)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023 1,698,830 32,354 4,117 1,735,301
Additions 184,997 - - 184,997
At 31 July 2024 1,883,827 32,354 4,117 1,920,298
DEPRECIATION
At 1 August 2023 - 32,212 4,057 36,269
Charge for year - 28 6 34
At 31 July 2024 - 32,240 4,063 36,303
NET BOOK VALUE
At 31 July 2024 1,883,827 114 54 1,883,995
At 31 July 2023 1,698,830 142 60 1,699,032

The additions to freehold property in the year are the ongoing costs of the construction of a new residential property, up to the date of the balance sheet.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 102
NET BOOK VALUE
At 31 July 2024 102
At 31 July 2023 102

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Other debtors 8,065 13,549

Amounts falling due after more than one year:
Other debtors 463,990 453,000

Aggregate amounts 472,055 466,549

Honiley Estates Limited (Registered number: 01957198)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 5,251 10,981
Taxation and social security 13,342 3,826
Other creditors 389,869 374,919
408,462 389,726

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 42 38

Deferred
tax
£   
Balance at 1 August 2023 38
Decelerated capital allowances 4
Balance at 31 July 2024 42