Holymoor Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04206419

Holymoor Developments Limited

Filleted Unaudited Abridged Financial Statements

31 March 2025

Holymoor Developments Limited

Abridged Financial Statements

Year Ended 31 March 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Holymoor Developments Limited

Abridged Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	5	660	776
Investments	6	1,588,750	1,588,750
		------------	------------
		1,589,410	1,589,526

Current Assets

Debtors	6,865	4,537
Cash at bank and in hand	967	1,000
	-------	-------
	7,832	5,537

Creditors: amounts falling due within one year	163,987		154,056
	---------		---------
Net Current Liabilities		156,155	148,519
		------------	------------
Total Assets Less Current Liabilities		1,433,255	1,441,007

Creditors: amounts falling due after more than one year	7		584,417	583,917

Provisions

Taxation including deferred tax	165	147
	------------	------------
Net Assets	848,673	856,943
	------------	------------

Capital and Reserves

Called up share capital	8	3	3
Profit and loss account	9	848,670	856,940
		---------	---------
Shareholders Funds		848,673	856,943
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Holymoor Developments Limited

Abridged Statement of Financial Position (continued)

31 March 2025

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr S P Coates

Director

Company registration number: 04206419

Holymoor Developments Limited

Notes to the Abridged Financial Statements

Year Ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Little Beck, Pocknedge Lane, Holymoorside, Chesterfield, Derbyshire, S42 7HL.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Rental income represents the rents due for the year under operating leases all of which relate to properties in the United Kingdom.

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Improvements	-	15% reducing balance
Plant & Machinery	-	20% straight line

Investment property

Investment property is carried at fair value determined annually. No deprecation is provided. Changes in fair value are recognised in the profit and loss for the period.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	£
Cost
At 1 April 2024 and 31 March 2025	11,961
	--------
Depreciation
At 1 April 2024	11,185
Charge for the year	116
	--------
At 31 March 2025	11,301
	--------
Carrying amount
At 31 March 2025	660
	--------
At 31 March 2024	776
	--------

6. Investments

	Investment properties
	£
Cost
At 1 April 2024 and 31 March 2025	1,588,750
	------------
Impairment
At 1 April 2024 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	1,588,750
	------------
At 31 March 2024	1,588,750
	------------

The fair value of the properties were made in the year by the directors, who have experience in the location and class of properties, on an open market value for existing use basis. No further input from an independent valuer was deemed to be required.

7. Creditors: amounts falling due after more than one year

The bank loan is secured by a debenture over the company's assets including a legal charge over its properties.

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	3	3	3	3
	----	----	----	----

9. Reserves

Profit and loss account Both previous UK GAAP and FRS 102 require investment properties to be stated in the accounts at their current market value, with no annual depreciation charge. However, while previous UK GAAP stipulated that the surplus on revaluation of the property should be held in the revaluation reserve, which is an unrealised surplus that does not form part of the company's distributable reserve. FRS 102 requires that these surpluses, although still not distributable, be charged through the Profit and Loss Account. Consequently, the Profit and Loss Account reserve at 31 March 2025 includes a non-distributable amount of £621,006 (2024 - £621,006).