Company registration number 8764690 (England and Wales)
HOLBARN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
HOLBARN LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
HOLBARN LTD
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
30,970
34,670
Current assets
Stocks
7,988
-
Debtors
(1)
-
0
Cash at bank and in hand
20,535
19,590
28,522
19,590
Creditors: amounts falling due within one year
5
(145,658)
(143,268)
Net current liabilities
(117,136)
(123,678)
Total assets less current liabilities
(86,166)
(89,008)
Creditors: amounts falling due after more than one year
6
(2,333)
(6,333)
Net liabilities
(88,499)
(95,341)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(89,499)
(96,341)
Total equity
(88,499)
(95,341)
HOLBARN LTD
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 July 2025 and are signed on its behalf by:
Joanne Mosey
Director
Company registration number 8764690 (England and Wales)
HOLBARN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

Holbarn Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Wheatsheaf, Main Road Burn, Selby, YO8 8LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention and the principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
No Depreciation
Fixtures and fittings
18% Reducing Balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

HOLBARN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
17
15
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 November 2023
15,000
34,196
49,196
Additions
-
0
600
600
Disposals
-
0
(970)
(970)
At 31 October 2024
15,000
33,826
48,826
Depreciation and impairment
At 1 November 2023
-
0
14,526
14,526
Depreciation charged in the year
-
0
3,505
3,505
Eliminated in respect of disposals
-
0
(175)
(175)
At 31 October 2024
-
0
17,856
17,856
Carrying amount
At 31 October 2024
15,000
15,970
30,970
At 31 October 2023
15,000
19,670
34,670
HOLBARN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,000
4,000
Trade creditors
10,776
7,051
Taxation and social security
7,025
16,363
Other creditors
123,857
115,854
145,658
143,268
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,333
6,333
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