Holderness Energy Group Limited
Registered number: 00182775
Balance Sheet
as at 30 June 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 250,000 250,000
Investments 4 57,500 57,500
307,500 307,500
Current assets
Debtors 5 637,781 617,805
Investments held as current assets 169 191
Cash at bank and in hand 169,059 174,283
807,009 792,279
Creditors: amounts falling due within one year 6 (5,370) (5,307)
Net current assets 801,639 786,972
Net assets 1,109,139 1,094,472
Capital and reserves
Called up share capital 100,000 100,000
Share premium 125,000 125,000
Revaluation reserve 7 238,216 237,166
Profit and loss account 645,923 632,306
Shareholder's funds 1,109,139 1,094,472
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T. F. Hindley
Director
Approved by the board on 13 August 2025
Holderness Energy Group Limited
Notes to the Accounts
for the year ended 30 June 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Valuation
At 1 July 2024 250,000
At 30 June 2025 250,000
Depreciation
Charge for the year 5,000
Surplus on revaluation (5,000)
At 30 June 2025 -
Net book value
At 30 June 2025 250,000
At 30 June 2024 250,000
Freehold land and buildings: 2025 2024
£ £
Historical cost 52,479 52,479
Cumulative depreciation based on historical cost 40,695 39,645
11,784 12,834
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 July 2024 50,000 7,500 57,500
At 30 June 2025 50,000 7,500 57,500
5 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 637,759 617,779
Other debtors 22 26
637,781 617,805
6 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 4,020 3,957
Other creditors 1,350 1,350
5,370 5,307
7 Revaluation reserve 2025 2024
£ £
At 1 July 2024 237,166 236,116
Gain on revaluation of land and buildings 5,000 5,000
Transfer from profit and loss a/c (3,950) (3,950)
At 30 June 2025 238,216 237,166
8 Related party transactions
Details of transactions with entities that are part of the same group have not been disclosed.
9 Controlling party
The ultimate controlling party is Mr.T. F. Hindley by virtue of the fact that he owns 100% of the company's share capital.
10 Other information
Holderness Energy Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
9-11 Godmans Lane
Kirkella
Hull
HU10 7NX
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