Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312025-05-282023-06-0100trueNo description of principal activityfalsetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06246900 2023-06-01 2024-05-31 06246900 2022-06-01 2023-05-31 06246900 2024-05-31 06246900 2023-05-31 06246900 c:Director1 2023-06-01 2024-05-31 06246900 d:OfficeEquipment 2023-06-01 2024-05-31 06246900 d:OfficeEquipment 2024-05-31 06246900 d:OfficeEquipment 2023-05-31 06246900 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06246900 d:CurrentFinancialInstruments 2024-05-31 06246900 d:CurrentFinancialInstruments 2023-05-31 06246900 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06246900 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06246900 d:ShareCapital 2024-05-31 06246900 d:ShareCapital 2023-05-31 06246900 d:RetainedEarningsAccumulatedLosses 2024-05-31 06246900 d:RetainedEarningsAccumulatedLosses 2023-05-31 06246900 c:FRS102 2023-06-01 2024-05-31 06246900 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06246900 c:FullAccounts 2023-06-01 2024-05-31 06246900 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06246900 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 06246900










HMV DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
HMV DEVELOPMENTS LIMITED
REGISTERED NUMBER: 06246900

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
385
513

  
385
513

Current assets
  

Stocks
  
43,460
238,581

  
43,460
238,581

Creditors: amounts falling due within one year
 5 
(2,396)
(128,318)

Net current assets
  
 
 
41,064
 
 
110,263

Total assets less current liabilities
  
41,449
110,776

Provisions for liabilities
  

Deferred tax
  
(73)
(98)

  
 
 
(73)
 
 
(98)

Net assets
  
41,376
110,678


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
41,276
110,578

  
41,376
110,678


Page 1

 
HMV DEVELOPMENTS LIMITED
REGISTERED NUMBER: 06246900
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers 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 director acknowledges his 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.

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 by: 






................................................
W Harvey
Director

Date: 28 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
HMV DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

HMV Developments Limited (06246900) is a private company limited by shares and incorporated in England and Wales. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

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

 
HMV DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

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.


 
2.4

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.

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:

Office equipment
-
25% reducing balance

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

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.

Page 4

 
HMV DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including directors, during the Year was 0 (2023 - 0).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
4,311



At 31 May 2024

4,311



Depreciation


At 1 June 2023
3,798


Charge for the Year on owned assets
128



At 31 May 2024

3,926



Net book value



At 31 May 2024
385



At 31 May 2023
513

Page 5

 
HMV DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
657
1,763

Other creditors
339
125,155

Accruals and deferred income
1,400
1,400

2,396
128,318


 
Page 6