Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08774349 Mr David Cross Mrs Rosemary Cross Mr and Mrs D A Cross true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08774349 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-11-30 08774349 2023-11-30 08774349 2024-11-30 08774349 2023-12-01 2024-11-30 08774349 frs-core:CurrentFinancialInstruments 2024-11-30 08774349 frs-core:Non-currentFinancialInstruments 2024-11-30 08774349 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 08774349 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 08774349 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 08774349 frs-core:PlantMachinery 2024-11-30 08774349 frs-core:PlantMachinery 2023-12-01 2024-11-30 08774349 frs-core:PlantMachinery 2023-11-30 08774349 frs-core:ShareCapital 2024-11-30 08774349 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08774349 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08774349 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08774349 frs-bus:SmallEntities 2023-12-01 2024-11-30 08774349 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08774349 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08774349 1 2023-12-01 2024-11-30 08774349 frs-bus:Director1 2023-12-01 2024-11-30 08774349 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 08774349 frs-countries:EnglandWales 2023-12-01 2024-11-30 08774349 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-11-30 08774349 2022-11-30 08774349 2023-11-30 08774349 2022-12-01 2023-11-30 08774349 frs-core:CurrentFinancialInstruments 2023-11-30 08774349 frs-core:Non-currentFinancialInstruments 2023-11-30 08774349 frs-core:ShareCapital 2023-11-30 08774349 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 08774349
Holme Hydro Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08774349
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,810,012 2,987,053
2,810,012 2,987,053
CURRENT ASSETS
Debtors 5 224,168 104,821
Cash at bank and in hand 531,159 231,856
755,327 336,677
Creditors: Amounts Falling Due Within One Year 6 (1,577,830 ) (1,502,528 )
NET CURRENT ASSETS (LIABILITIES) (822,503 ) (1,165,851 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,987,509 1,821,202
Creditors: Amounts Falling Due After More Than One Year 7 (1,801,254 ) (2,019,411 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (131,616 ) (26,980 )
NET ASSETS/(LIABILITIES) 54,639 (225,189 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 54,539 (225,289 )
SHAREHOLDERS' FUNDS 54,639 (225,189)
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr David Cross
Director
15th May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Holme Hydro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08774349 . The registered office is The Old Rectory , Hinton On The Green, Evesham, Worcestershire, WR11 2QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Based on the director's current projections, and the continued support of the company's bankers, the forecasts show that the company continues to be profitable and the director considers that the company has adequate resources to continue its business for the foreseeable future and that it is therefore appropriate to adopt the going concern basis in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for electricity generated by the power plant net of discounts and Value Added Tax.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% straight line
Plant & Machinery 5% - 20% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 December 2023 803,641 3,533,578 4,337,219
Additions - 4,267 4,267
As at 30 November 2024 803,641 3,537,845 4,341,486
Depreciation
As at 1 December 2023 - 1,350,166 1,350,166
Provided during the period - 181,308 181,308
As at 30 November 2024 - 1,531,474 1,531,474
Net Book Value
As at 30 November 2024 803,641 2,006,371 2,810,012
As at 1 December 2023 803,641 2,183,412 2,987,053
The company owns freehold property that cost £803,641 which is located adjacent to the Hydro Power Plant to secure the company’s future after being made aware that a complaint had been made to Environmental Health by the owner of the freehold property which could have impacted on the operation of the hydro power plant. 
Management and the company's bankers, who have provided finance to purchase the freehold property, consider that the freehold property is integral to the continued operation of the hydro power plant and could not be sold separately without placing significant business risk on the ongoing operations of the hydro power plant. In completing the annual impairment review, the director does not consider it to be appropriate to provide a standalone valuation of the freehold property, since it could not be sold separately to the hydro power plant. The director considers the residual value of the hydro project on this basis to be greater to or equal to cost. The accounting standards requires management to carry out a review of each class of asset separately and on this basis there could be an impairment charge of up to £503,641 which has not been provided for in these accounts.
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 224,168 104,821
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,527 54,636
Bank loans and overdrafts 216,954 205,756
Other taxes and social security 802 707
VAT 23,137 11,781
Other creditors 89,667 257
Accruals and deferred income 44,743 29,391
Amounts owed to parent undertaking 1,200,000 1,200,000
1,577,830 1,502,528
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The company's banking facilities are secured by debentures including fixed and floating charges dated 28th and 29th August 2014 over all assets and undertakings of the company, both present and future and over the leasehold property known as Land at Holme, Lock House, Adbolton Lane, Pierrepoint, Holme Lock, Nottinghamshire. A further debenture was set up on the 24th of November 2014.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,801,254 2,019,411
The company's banking facilities are secured by debentures including fixed and floating charges dated 28th and 29th August 2014 over all assets and undertakings of the company, both present and future and over the leasehold property known as Land at Holme, Lock House, Adbolton Lane, Pierrepoint, Holme Lock, Nottinghamshire. A further debenture was set up on the 24th of November 2014.
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 734,593 855,626
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 2,018,208 2,225,167
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
The parent company, Holme Hydro Holdings Limited, based in the UK, provided the company with a loan of £1,200,000 which is included in other creditors. The loan is interest free with the balance due within one year.
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Holme Hydro Holdings Limited . Holme Hydro Holdings Limited was incorporated in United Kingdom. The ultimate controlling party is Mr and Mrs D A Cross who controls 100% of the shares of Holme Hydro Limited .
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