Holmdene IT Limited - Accounts to registrar (filleted) - small 18.2

Holmdene IT Limited - Accounts to registrar (filleted) - small 18.2

HOLMDENE IT LIMITED - Company Information

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REGISTERED NUMBER: 03470271 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

HOLMDENE IT LIMITED
HOLMDENE IT LIMITED (REGISTERED NUMBER: 03470271)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


HOLMDENE IT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTORS: Mr Ronald Thomas Daley
Dr Wendy Joyce Daley





REGISTERED OFFICE: 6 Clipstone Avenue
Mapperley
Nottingham
NG3 5JZ





REGISTERED NUMBER: 03470271 (England and Wales)





Page 1
HOLMDENE IT LIMITED (REGISTERED NUMBER: 03470271)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 4 - 300
Cash at bank 3,517 1,404
3,517 1,704
CREDITORS
Amounts falling due within one year 5 3,277 1,541
NET CURRENT ASSETS 240 163
TOTAL ASSETS LESS CURRENT
LIABILITIES
240
163

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 140 63
SHAREHOLDERS' FUNDS 240 163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 25 September 2019 and were signed on its behalf by:



Mr Ronald Thomas Daley - Director


The notes form part of these financial statements

Page 2
HOLMDENE IT LIMITED (REGISTERED NUMBER: 03470271)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018


1. STATUTORY INFORMATION

Holmdene IT Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The preparation of financial statements in conformity with FRS 102 Section 1A requires the use of certain critical
accounting estimates. It also requires management to exercise judgement in applying the company's accounting
policies.

ACCOUNTING ESTIMATES AND JUDGEMENTS
In preparing the financial statements, management were not required to make any estimates or judgements which
may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities.

DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when
paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

TURNOVER
Turnover represents net invoiced value of services, excluding value added tax.

TAXATION
Taxation for the year comprises current and deferred tax. 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 equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the financial position date.

DEBTORS
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at
fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest
method, less any impairment.

CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of
not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months
from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of
change in value.

Page 3 continued...
HOLMDENE IT LIMITED (REGISTERED NUMBER: 03470271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


2. ACCOUNTING POLICIES - continued

CREDITORS
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 300

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 440 35
Other creditors 2,837 1,506
3,277 1,541

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 January 2018 63
Profit for the year 1,877
Dividends (1,800 )
At 31 December 2018 140

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,800 (2017 - £1,000) were paid to the directors .

Page 4 continued...
HOLMDENE IT LIMITED (REGISTERED NUMBER: 03470271)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


8. RELATED PARTY DISCLOSURES - continued

As at the balance sheet, there is an amount due to director, Dr Wendy Joyce Daley of £2,297 (2017: £426). This is an
interest free advance to the company and does not have a fixed rate of repayment.

9. CONTROLLING PARTY

Mr Ronald Thomas Daley and Dr Wendy Joyce Daley jointly controls the company by virtue of their controlling
interest in the company.

Page 5