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Registered number: 14237620
Holmewood Developments Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2025
iLex Accountancy Services Ltd
Unit 1 & 2 Steadings
Maisemore
Gloucester
Gloucestershire
GL2 8EY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 14237620
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 347,534 -
Debtors 5 35,480 10
Cash at bank and in hand 15 -
383,029 10
Creditors: Amounts Falling Due Within One Year 6 (399,451 ) -
NET CURRENT ASSETS (LIABILITIES) (16,422 ) 10
TOTAL ASSETS LESS CURRENT LIABILITIES (16,422 ) 10
NET (LIABILITIES)/ASSETS (16,422 ) 10
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (16,432 ) -
SHAREHOLDERS' FUNDS (16,422) 10
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
On behalf of the board
Mr Ben Davies
Director
22/04/2026
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Holmewood Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14237620 . The registered office is Units 1 & 2, Steadings Business Centre, Maisemore, Gloucester, Gloucestershire, GL2 8EY.
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.
The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded
to the nearest Pound.
2.2. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and
assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The
estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the
revision and future periods if the revision affects both current and future periods.
Judgements
No significant judgements have been made by management in preparing these financial statements.
Key sources of estimation uncertainty
No key sources of estimation uncertainty have been identified by management in preparing these financial statements
other than those detailed in these accounting policies.
2.3. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.4. Financial Instruments
Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as
financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a
residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any
component that creates a financial liability of the company is presented as a liability on the balance sheet. The
corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss
account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for
those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which
is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing
transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured
at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date.
If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below. A
non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred
after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an
asset is the higher of its fair value less costs to sell and its value in use. Where indicators exist for a decrease in
impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an
individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount
...CONTINUED
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2.4. Financial Instruments - continued
higher than the carrying value had no impairment been recognised. For financial assets carried at amortised cost, the
amount of an impairment is the difference between the asset's carrying amount and the present value of estimated
future cash flows, discounted at the financial asset's original effective interest rate. For financial assets carried at cost
less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of
the amount that would be received for the asset if it were to be sold at the reporting date. Where indicators exist for a
decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment
was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an
individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying
amount higher than the carrying value had no impairment been recognised.
2.5. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
2.6. Share capital
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and
the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company's shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Stocks
2025 2024
£ £
Work in progress 347,534 -
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 35,480 10
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other loans 399,451 -
Other loans include a loan of £385,000 (2024 - £nil) which is denominated in Sterling and bears interest at a rate of 10% per annum. The loan falls due for repayment upon the sale of the development, which is expected to be before 30 September 2026.
The loan is secured by a fixed and floating charge over the assets and property of the company, including the freehold development property. The loan imposes a negative pledge which prohibits the company from creating any security interests over the assets pledged as security.
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
Called up share capital
This represents the nominal value of the issued share capital of the company.
Profit and loss account
This represents the cumulative profits or losses, net of dividends paid and other adjustments.
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2024 Amounts advanced Amounts repaid Amounts written off As at 30 September 2025
£ £ £ £ £
Mr Ben Davies - 34,727 (21,811 ) - 12,916
The above loan is unsecured, interest free and repayable on demand.
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