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REGISTERED NUMBER: 04910717 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 30 September 2024

for

Holmes Mitchell Properties Limited

Holmes Mitchell Properties Limited (Registered number: 04910717)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Holmes Mitchell Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Holmes
J Mitchell





REGISTERED OFFICE: Unit 15 Ashcroft Road
Knowsley Industrial Park
Liverpool
L33 7TW





REGISTERED NUMBER: 04910717 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Holmes Mitchell Properties Limited (Registered number: 04910717)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

S Holmes
J Mitchell

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Holmes - Director


31 March 2025

Holmes Mitchell Properties Limited (Registered number: 04910717)

Income Statement
for the Year Ended 30 September 2024

30.9.24 30.9.23
Notes £    £   

TURNOVER 144,685 130,498

Administrative expenses 4,218 2,798
OPERATING PROFIT 4 140,467 127,700

Interest receivable and similar income 907 384
141,374 128,084

Interest payable and similar expenses 20,614 20,074
PROFIT BEFORE TAXATION 120,760 108,010

Tax on profit 28,568 23,071
PROFIT FOR THE FINANCIAL YEAR 92,192 84,939

Holmes Mitchell Properties Limited (Registered number: 04910717)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 703,586 704,782

CURRENT ASSETS
Debtors 6 50,682 77,695
Cash at bank 45,740 29,487
96,422 107,182
CREDITORS
Amounts falling due within one year 7 71,296 64,851
NET CURRENT ASSETS 25,126 42,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

728,712

747,113

CREDITORS
Amounts falling due after more than one
year

8

243,116

261,909
NET ASSETS 485,596 485,204

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 485,396 485,004
SHAREHOLDERS' FUNDS 485,596 485,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:



S Holmes - Director


Holmes Mitchell Properties Limited (Registered number: 04910717)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Holmes Mitchell Properties 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 as modified by the revaluation of certain assets.

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 each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.9.24 30.9.23
£    £   
Depreciation - owned assets 1,196 1,595

Holmes Mitchell Properties Limited (Registered number: 04910717)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 700,000 31,000 731,000
DEPRECIATION
At 1 October 2023 - 26,218 26,218
Charge for year - 1,196 1,196
At 30 September 2024 - 27,414 27,414
NET BOOK VALUE
At 30 September 2024 700,000 3,586 703,586
At 30 September 2023 700,000 4,782 704,782

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2017 432,198 - 432,198
Valuation in 2019 (100,000 ) - (100,000 )
Valuation in 2021 50,000 - 50,000
Valuation in 2022 100,000 - 100,000
Cost 217,802 31,000 248,802
700,000 31,000 731,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 217,802 217,802

Freehold land and buildings were valued on an open market basis on 30 September 2024 by Mr S Holmes, Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 50,682 77,695

Holmes Mitchell Properties Limited (Registered number: 04910717)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 17,125 15,457
Payments on account 25,000 25,000
Taxation and social security 28,568 23,071
Other creditors 603 1,323
71,296 64,851

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 243,116 261,909

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 174,614 200,080

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
S Holmes
Balance outstanding at start of year 29,000 39,000
Amounts advanced 15,500 29,000
Amounts repaid (29,000 ) (39,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,500 29,000

J Mitchell
Balance outstanding at start of year 29,000 39,000
Amounts advanced 15,500 29,000
Amounts repaid (29,000 ) (39,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,500 29,000