Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-312023-11-01falseNo description of principal activity1111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06272057 2023-11-01 2024-10-31 06272057 2022-11-01 2023-10-31 06272057 2024-10-31 06272057 2023-10-31 06272057 c:Director1 2023-11-01 2024-10-31 06272057 c:Director2 2023-11-01 2024-10-31 06272057 d:MotorVehicles 2023-11-01 2024-10-31 06272057 d:MotorVehicles 2024-10-31 06272057 d:MotorVehicles 2023-10-31 06272057 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 06272057 d:FurnitureFittings 2023-11-01 2024-10-31 06272057 d:FurnitureFittings 2024-10-31 06272057 d:FurnitureFittings 2023-10-31 06272057 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 06272057 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 06272057 d:Goodwill 2023-11-01 2024-10-31 06272057 d:Goodwill 2024-10-31 06272057 d:Goodwill 2023-10-31 06272057 d:CurrentFinancialInstruments 2024-10-31 06272057 d:CurrentFinancialInstruments 2023-10-31 06272057 d:Non-currentFinancialInstruments 2024-10-31 06272057 d:Non-currentFinancialInstruments 2023-10-31 06272057 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 06272057 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 06272057 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 06272057 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 06272057 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 06272057 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 06272057 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 06272057 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 06272057 d:ShareCapital 2024-10-31 06272057 d:ShareCapital 2023-10-31 06272057 d:RetainedEarningsAccumulatedLosses 2024-10-31 06272057 d:RetainedEarningsAccumulatedLosses 2023-10-31 06272057 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 06272057 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 06272057 c:FRS102 2023-11-01 2024-10-31 06272057 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 06272057 c:FullAccounts 2023-11-01 2024-10-31 06272057 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06272057 2 2023-11-01 2024-10-31 06272057 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 06272057 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 06272057









HANNON HOLMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
HANNON HOLMES LIMITED
REGISTERED NUMBER: 06272057

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
64,867
80,755

Tangible assets
 5 
8,629
10,242

  
73,496
90,997

Current assets
  

Debtors: amounts falling due within one year
 6 
198,402
146,040

Cash at bank and in hand
 7 
179
115

  
198,581
146,155

Creditors: amounts falling due within one year
 8 
(193,190)
(192,907)

Net current assets/(liabilities)
  
 
 
5,391
 
 
(46,752)

Total assets less current liabilities
  
78,887
44,245

Creditors: amounts falling due after more than one year
 9 
(29,176)
(40,337)

Provisions for liabilities
  

Deferred tax
 11 
(2,175)
(1,945)

  
 
 
(2,175)
 
 
(1,945)

Net assets
  
47,536
1,963


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
46,536
963

  
47,536
1,963


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

Page 1

 
HANNON HOLMES LIMITED
REGISTERED NUMBER: 06272057
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2025.




Mr T Hannon
Mr M Holmes
Director
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Hannon Holmes Limited is a private company limited by shares, registered in the United
Kingdom number 06272057. Its registered office is Manor House, 35 St Thomas's Road, Chorley, PR7 1HP.
During the year, the principal activity of the company continued to be that of the management, sale and maintenance of properties.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
158,876



At 31 October 2024

158,876



Amortisation


At 1 November 2023
78,121


Charge for the year on owned assets
15,888



At 31 October 2024

94,009



Net book value



At 31 October 2024
64,867



At 31 October 2023
80,755



Page 7

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 November 2023
650
33,100
33,750


Disposals
(650)
-
(650)



At 31 October 2024

-
33,100
33,100



Depreciation


At 1 November 2023
560
22,948
23,508


Charge for the year on owned assets
-
1,523
1,523


Disposals
(560)
-
(560)



At 31 October 2024

-
24,471
24,471



Net book value



At 31 October 2024
-
8,629
8,629



At 31 October 2023
90
10,152
10,242


6.


Debtors

2024
2023
£
£


Trade debtors
26,078
16,664

Other debtors
171,716
123,206

Prepayments and accrued income
608
6,170

198,402
146,040


Page 8

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
179
116

Less: bank overdrafts
(4,546)
(23,834)

(4,367)
(23,718)



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
-
37,791

Bank overdrafts
4,546
23,833

Bank loans
20,000
20,000

Trade creditors
25,034
24,415

Corporation tax
56,831
31,294

Other taxation and social security
57,162
43,550

Other creditors
27,198
9,009

Accruals and deferred income
2,419
3,015

193,190
192,907


The following liabilities were secured:

2024
2023
£
£



Other loans
-
37,791

-
37,791

Details of security provided:

The Directors have provided a personal guarantee in respect of the loan totalling £Nil (2023: £37,791).

Page 9

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
29,176
40,337

29,176
40,337



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,000
20,000

Other loans
-
37,791


20,000
57,791

Amounts falling due 1-2 years

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 2-5 years

Bank loans
9,176
20,337


9,176
20,337


49,176
98,128



11.


Deferred taxation

Page 10

 
HANNON HOLMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
 
11.Deferred taxation (continued)




2024


£






At beginning of year
(1,945)


Charged to profit or loss
(230)



At end of year
(2,175)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,175)
(1,945)

(2,175)
(1,945)


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,364 (2023 - £2,999) . Contributions totalling £701 (2023 - £606l) were payable to the fund at the balance sheet date and are included in creditors.


13.


Related party transactions

During the year, the Company operated an inter-company loan account with Hannon Holmes Developments Limited, a related party by common directors Mr M Holmes and Mr T Hannon. As at 31 October 2024, Hannon Holmes Developments Limited owed £29,467 (2023 £14,579) to the company.     
During the year, the Company operated an inter-company loan account with Renovate 2K Limited, a related party by common director Mr T Hannon. As at 31 October 2024, Renovate 2K Limited owed £50,000 (2023:£50,000) to the company.      
 
During the year, the Company operated an inter-company loan account with Gorse Hill Trades Limited, a related party by common director Mr M Holmes. As at 31 October 2024, Gorse Hill Trades Limited owed £50,000 (2023 £50,000) to the company. No interest has been charged on these balances and there were no repayment terms on these balances. The balances are repayable on demand and have been included within other debtors due withing one year.  
As at 31 October 2024 there was a balance of £20,393 (2023: £8,885) owed to the company by Mr M Holmes and Mrs G Holmes, directors. There was also an amount of £19,147 (2023 £2,966 creditor) owed to the company by  Mr T Hannon nd Mrs N Hannon, directors.

 
Page 11