ACCOUNTS - Final Accounts

Registered number: 01839394

HOLMERE DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

HOLMERE DEVELOPMENTS LIMITED

CONTENTS

	Page
Balance Sheet	1
Notes to the Financial Statements	2 - 5

HOLMERE DEVELOPMENTS LIMITED

REGISTERED NUMBER: 01839394

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,725,859		1,726,429
Cash at bank and in hand		37,626		56,835
		1,763,485		1,783,264
Creditors: amounts falling due within one year	5	(1,443,793)		(1,458,272)
Net current assets			319,692		324,992
Total assets less current liabilities			319,692		324,992

Net assets			319,692		324,992

Capital and reserves
Called up share capital - allotted and fully paid	500	500
Capital redemption reserve	500	500
Profit and loss account	318,692	323,992
	319,692	324,992

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:

................................................

N M Johnson

Director

Date: 23 September 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

HOLMERE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Holmere Developments Limited is a private company limited by shares, incorporated in England and Wales, registered number 01839394.
The registered office is at Balmoral House, Kettering Venture Park, Kettering, Northamptonshire, NN15 6XU.
The Company's functional and presentational currency is British Pound Sterling and the financial statements are prepared in round pounds.

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Hardwater Holdings Limited as at 31 December 2024 and these financial statements may be obtained from Balmoral House, Kettering Venture Park, Kettering, Northamptonshire, NN15 6XU.

2.3

Going concern

Having considered the forecasted performance and cashflow of the Company, the Directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, and not less than twelve months from the date of approval of these financial statements.
Accordingly, the Company continues to adopt the going concern basis in preparing the annual report and financial statements.

Page 2

HOLMERE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

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.

Other operating income comprises net rents receivable, which is recognised on a straight line basis over the term of the lease.

2.5

Taxation

Tax is recognised in the Statement of Income and Retained Earnings 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 balance sheet date in the countries where the Company operates and generates income.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. 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.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 3

HOLMERE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	1,724,208	1,725,584
Other debtors	1,651	845
	1,725,859	1,726,429

Amounts owed by group undertakings are interest free, unsecured and repayable on demand.

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	347	58
Amounts owed to group undertakings	1,437,713	1,437,713
Corporation tax payable	235	15,303
Accruals and deferred income	5,498	5,198
	1,443,793	1,458,272

Amounts owed to group undertakings are interest free, unsecured and repayable on demand.

6.	Controlling party

The immediate and ultimate parent is Hardwater Holdings Limited, a company incorporated in England and Wales which heads both the smallest and largest group of which Holmere Developments Limited is a member. The registered office address of Hardwater Holdings Limited is Balmoral House, Kettering Venture Park, Kettering, Northamptonshire, NN15 6XU.
Copies of all accounts of the Group, including the consolidated financial statements, can be obtained from Balmoral House, Kettering Venture Park, Kettering, Northamptonshire, NN15 6XU.
In the opinion of the directors the ultimate controlling parties of the parent company are N M Johnson and R S Johnson.

Page 4

HOLMERE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 24 September 2025 by Victoria Brown FCA (Senior Statutory Auditor) on behalf of MHA.
MHA is the trading name of Macintyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313).

Page 5