Company registration number:
4584642
Holmwood Properties Limited
Unaudited filleted financial statements
30 November 2019
Holmwood Properties Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Holmwood Properties Limited
Statement of financial position
30 November 2019
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2019
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2018
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Note
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£
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£
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£
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£
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Current assets
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Stocks
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459,931
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426,655
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Cash at bank and in hand
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27,945
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85,547
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_______
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_______
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487,876
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512,202
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Creditors: amounts falling due
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within one year
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4
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(
531,233)
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(
548,339)
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_______
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_______
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Net current liabilities
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(
43,357)
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(
36,137)
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_______
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_______
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Total assets less current liabilities
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(
43,357)
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(
36,137)
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_______
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_______
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Net liabilities
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(
43,357)
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(
36,137)
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_______
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_______
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Capital and reserves
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Called up share capital
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5
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100
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1
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Profit and loss account
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(
43,457)
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(
36,138)
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_______
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_______
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Shareholders deficit
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(
43,357)
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(
36,137)
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_______
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_______
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For the year ending 30 November 2019 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 financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 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 statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 August 2020
, and are signed on behalf of the board by:
Mr J. B. Meachem
Director
Company registration number:
4584642
Holmwood Properties Limited
Statement of changes in equity
Year ended 30 November 2019
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Called up share capital
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Profit and loss account
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Total
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£
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£
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£
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At 1 December 2017
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1
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(
29,045)
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(
29,044)
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Loss for the year
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(
7,093)
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(
7,093)
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_______
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_______
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_______
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Total comprehensive income for the year
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-
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(
7,093)
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(
7,093)
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_______
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_______
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_______
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At 30 November 2018 and 1 December 2018
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1
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(
36,138)
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(
36,137)
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Loss for the year
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(
7,319)
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(
7,319)
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_______
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_______
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_______
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Total comprehensive income for the year
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-
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(
7,319)
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(
7,319)
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Issue of shares
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99
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99
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_______
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_______
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_______
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Total investments by and distributions to owners
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99
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-
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99
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_______
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_______
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_______
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At 30 November 2019
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100
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(
43,457)
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(
43,357)
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_______
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_______
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_______
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Holmwood Properties Limited
Notes to the financial statements
Year ended 30 November 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.The accounts are rounded to the nearest £1.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4.
Creditors: amounts falling due within one year
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2019
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2018
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£
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£
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Amounts owed to group undertakings and undertakings in which the company has a participating interest
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-
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542,567
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Other creditors
|
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531,233
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5,772
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_______
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_______
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531,233
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548,339
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_______
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_______
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5.
Called up share capital
Issued, called up and fully paid
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2019
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2018
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No
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£
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No
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£
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Ordinary shares
shares of £
1.00 each
|
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100
|
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100
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1
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1
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_______
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_______
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_______
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_______
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