HOLBECK GHYLL ESTATE LIMITED


Director	LEAHY, Stephen


Registered Address	Holbeck Ghyll Hotel
	Holbeck Lane
	Windermere
	LA23 1LU


Registered Number	13819372 (England and Wales)

Statement of Financial Position
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		14,568		156,511
			14,568		156,511
Current assets
Stocks	4	5,400		33,000
Debtors	5	158,010		81,011
Cash at bank and on hand		23,743		46,718
		187,153		160,729
Creditors amounts falling due within one year	6	(430,300)		(412,591)
Net current assets (liabilities)			(243,147)		(251,862)
Total assets less current liabilities			(228,579)		(95,351)
Net assets			(228,579)		(95,351)
Capital and reserves
Called up share capital			500		500
Profit and loss account			(229,079)		(95,851)
Shareholders' funds			(228,579)		(95,351)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 21 April 2026, and are signed on its behalf by:

LEAHY, Stephen
Director
Registered Company No. 13819372

HOLBECK GHYLL ESTATE LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company was incorporated on 29 December 2021 but did not begin to trade until 1 February 2022.

	Going concern
	The company has made a loss during the period. The directors have reviewed the business going forwards for a period of at least twelve months from the date of these accounts being approved and are confident that the company will continue to be a going concern.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		21

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 May 24	72,656	128,466	201,122
Disposals	(59,289)	(112,554)	(171,843)
At 30 April 25	13,367	15,912	29,279
Depreciation and impairment
At 01 May 24	22,561	22,050	44,611
Charge for year	1,761	2,581	4,342
On disposals	(18,001)	(16,241)	(34,242)
At 30 April 25	6,321	8,390	14,711
Net book value
At 30 April 25	7,046	7,522	14,568
At 30 April 24	50,095	106,416	156,511

4.	Stocks

	2025	2024
	£	£
Other stocks	5,400	33,000
Total	5,400	33,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	6,500	-
Amounts owed by group undertakings	7,440	-
Other debtors	125,602	54,674
Prepayments and accrued income	18,468	26,337
Total	158,010	81,011


	Included in other debtors is an amount of £58,600 (2024: £14,400) related to deferred tax. This is a deferred tax asset related to corporation tax losses.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	103,249	118,329
Bank borrowings and overdrafts	-	4,503
Amounts owed to related parties	-	73,730
Taxation and social security	56,918	34,202
Other creditors	182,499	143,486
Accrued liabilities and deferred income	87,634	38,341
Total	430,300	412,591

7.	Related party transactions
	One of the directors has a loan account with the company. At 1 May 2024, the company owed the director £106,009. During the period the director advanced £51,775 to the company and received repayments of £nil. At 30 April 2025 the company owed the director £157,784. No interest was charged on this loan.