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Registered number: 02793022
Holme Steel (Investments) Limited
Financial Statements
For The Year Ended 31 December 2024
Holme Steel (Investments) Limited
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Holme Steel (Investments) Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 02793022
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 179,378 182,225
Investments 5 1,627,612 1,776,094
1,806,990 1,958,319
CURRENT ASSETS
Debtors 6 583,211 321,546
Cash at bank and in hand 399,495 108,096
982,706 429,642
Creditors: Amounts Falling Due Within One Year 7 (136,135 ) (79,652 )
NET CURRENT ASSETS (LIABILITIES) 846,571 349,990
TOTAL ASSETS LESS CURRENT LIABILITIES 2,653,561 2,308,309
NET ASSETS 2,653,561 2,308,309
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,653,461 2,308,209
SHAREHOLDERS' FUNDS 2,653,561 2,308,309
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Profit and Loss Account.
The financial statements were approved by the board of directors on 5 September 2025 and were signed on its behalf by:
S J Chapman-Wicks
Director
S M Greenall
Director
S L Wilson
Director
05/09/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Holme Steel (Investments) Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Holme Steel (Investments) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02793022 . The registered office is 2 Bessemer Way, Scunthorpe, North Lincolnshire, DN15 8XE.
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, subject to 'fair value' adjustments in respect of the investment bonds held by the company.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Leasehold Over 71 years
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions payable are  charged to profit or loss in the period to which they relate.
2.7. Preparation of consolidated financial statements
The financial statements contain information about Holme Steel (Investments) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. 
2.8. Investments in subsidiary
The investment in the subsidiary undertaking is recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 5)
8 5
Page 2
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Holme Steel (Investments) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets
Land & Property
Leasehold
£
Cost
As at 1 January 2024 202,156
As at 31 December 2024 202,156
Depreciation
As at 1 January 2024 19,931
Provided during the period 2,847
As at 31 December 2024 22,778
Net Book Value
As at 31 December 2024 179,378
As at 1 January 2024 182,225
5. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 January 2024 100 1,775,994 1,776,094
Additions - 9,636 9,636
Disposals - (328,234 ) (328,234 )
Revaluations - 170,116 170,116
As at 31 December 2024 100 1,627,512 1,627,612
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 100 1,627,512 1,627,612
As at 1 January 2024 100 1,775,994 1,776,094
The investments in subidiaries relates to the share capital held by the company in its wholly owned subsidiary company, Holme Steel Fabricators Limited, a company registered in England and Wales under number 01735268.
The Other investments relate to monies held in investment bonds.
Page 3
Page 4
Holme Steel (Investments) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,000 31,000
Amounts owed by group undertakings 451,770 242,970
Other debtors 78,180 47,576
560,950 321,546
Due after more than one year
Other debtors 22,261 -
583,211 321,546
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 19,454 18,546
Taxation and social security 116,681 61,106
136,135 79,652
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mrs Suzanne Greenall 5,104 17,304 9,700 - 12,708
Mrs Sarah Wilson (104 ) 53,000 2,700 - 50,196
The loans are repayable on demand. Interest is charged at the official rate of interest as determined by HM Revenue & Customs. No security is held.
The loan to Mrs Greenall is being repaid on a monthly basis and is expected to be repaid no later than 31st January 2026.
The loan to Mrs Wilson is expected to be repaid no later than 31st December 2025.
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 151,353 183,059
Page 4
Page 5
Holme Steel (Investments) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
11. Related Party Transactions
Mrs C ChapmanMrs Chapman is the Company Secretary and majority shareholder of the company.Dividends were paid in the year of £20,000 (2023:£63,941)

Mrs C Chapman

Mrs Chapman is the Company Secretary and majority shareholder of the company.

Dividends were paid in the year of £20,000 (2023:£63,941)

Ms Megan Whitelock-WilsonMs Whitelock-Wilson is the daughter of Mrs SJ Wilson, a director of the company.The company has loaned monies to the related party and the balance outstanding at 31st December 2024 was £15,276 (2023: £17,680). An advance was made during the year of £9,000 with repayments of £11,962. The company charges interest at the Official Rate of Interest set by HM Revenue & Customs. No security is held.

Ms Megan Whitelock-Wilson

Ms Whitelock-Wilson is the daughter of Mrs SJ Wilson, a director of the company.

The company has loaned monies to the related party and the balance outstanding at 31st December 2024 was £15,276 (2023: £17,680). An advance was made during the year of £9,000 with repayments of £11,962. The company charges interest at the Official Rate of Interest set by HM Revenue & Customs. No security is held.

Holme Steel Fabricators LimitedHome Steel Fabricators Limited is the company's wholly owned subsidiary company.The company received £360,000 (2023-£360,000) in management fees and £30,000 (2023-£30,000) in rent from its subsidiary company on normal commercial terms.

Holme Steel Fabricators Limited

Home Steel Fabricators Limited is the company's wholly owned subsidiary company.

The company received £360,000 (2023-£360,000) in management fees and £30,000 (2023-£30,000) in rent from its subsidiary company on normal commercial terms.

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