Holt Farm Lettings Ltd - Filleted accounts

Registered number

11879824

Holt Farm Lettings Ltd

Unaudited Filleted Accounts

31 March 2025

Smithfield Accountants LLP

Chartered Accountants

Suite 1, Unit 2, Stansted Courtyard

Parsonage Road, Takeley, Essex, CM22 6PU

Holt Farm Lettings Ltd
Registered number:		11879824
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	2		359,736			368,440

Current assets
Debtors	4	-			-
Cash at bank and in hand		13,207			9,522
		13,207			9,522

Creditors: amounts falling due within one year	5	(8,146)			(6,050)

Net current assets			5,061			3,472

Total assets less current liabilities			364,797			371,912

Creditors: amounts falling due after more than one year	6		(299,903)			(322,903)

Provisions for liabilities			(994)			(1,142)

Net assets			63,900			47,867

Capital and reserves
Called up share capital			100			100
Profit and loss account	7		63,800			47,767

Shareholders' funds			63,900			47,867

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




R Learoyd
Director
Approved by the board on 15 July 2025

Holt Farm Lettings Ltd
Notes to the Accounts
for the year ended 31 March 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
	Fixtures, fittings and furniture			20% written down value

	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	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	384,122		14,385		-		398,507
	Additions	-		564		-		564
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 31 March 2025	384,122		14,949		-		399,071

	Depreciation
	At 1 April 2024	23,047		7,020		-		30,067
	Charge for the year	7,682		1,586		-		9,268
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 31 March 2025	30,729		8,606		-		39,335

	Net book value
	At 31 March 2025	353,393		6,343		-		359,736
	At 31 March 2024	361,075		7,365		-		368,440


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					384,122		384,122
	Cumulative depreciation based on historical cost					(30,729)		(23,047)
						353,393		361,075









3	Taxation					2025		2024
£							£
	Balance sheet:

	Corporation tax payable on 01.01.2026					6,219		4,190

	Profit and loss account

	UK Corporation Tax @ 19% and 25%					6,219		4,190
	Prior year adjustment					(19)		-
	Transfer/(Release) to deferred taxation					(148)		(293)
						6,052		3,897


4	Debtors					2025		2024
£							£

	Trade debtors					-		-
	Other debtors					-		-
						-		-


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Amounts due to building contractors					-		-
	Taxation and social security costs					6,219		4,190
	Other creditors					1,927		1,860
						8,146		6,050


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Amounts owed to associated companies (see note 8)					299,903		322,903
						299,903		322,903


7	Profit and loss account					2025		2024
£							£

	Brought forward					47,767		38,839

	Profit for the financial year					16,033		8,928
	Dividends					-		-

	Carried forward					63,800		47,767




8	Related party transactions

	Richard Learoyd Ltd
	Company under common ownership and directorship
	The amount owing to associated company has no fixed repayment date and does not attract interest.

	Richard Learoyd and Mrs Katherine Learoyd
	Directors and shareholders
	The properties converted to furnished holiday accomodation to be let out are owned by the directors. The company is not charged to use these properties.


9	Controlling party

	The company is controlled by its directors. No single party has control.


10	Other information

	Holt Farm Lettings Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	Suite 1, Unit 2
	Stansted Courtyard, Parsonage Road
	Takeley
	Essex
	CM22 6PU


11	Presentation currency

	The accounts are presented in British Pounds Sterling.


12	Wages & NI

	Average number of persons employed by the company					-		-