HOLLINS_ORMSKIRK_LIMITED - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

Hollins Ormskirk Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 4, 1 King Street, Manchester, M2 6AW.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company meets its funding requirements from its shareholders or companies in which the shareholders have an interest. This financial support is considered sufficient to meet the upfront costs needed on its development land projects and for this reason the financial statements are prepared on a going concern basis.

Stocks are stated at the lower of cost and net realisable value.

The company has no employees other than its directors.

Included in other creditors is an amount of £75,627 (2018: £65,627) due to N Bostock.

During the year Hollins Strategic Land LLP, a limited liability partnership in which the directors have a material interest provided services to Hollins Ormskirk Limited to the value of £7,965 (2018: £30,764). These costs comprise £6,504 (2018: £26,982) included in direct costs and £1,461 (2018: £3,782) included in administrative expenses.

Included in creditors is an amount due to Hollins Strategic Land LLP of £54,818 (2018: £80,894).