Holdens Estate Agents Limited
Holdens Estate Agents Limited
Registered number: 06812224
Unaudited Financial Statements
For The Year Ended
31 March 2020
Holden & Company
Certified Practising Accountants
50 - 54 Berry Lane
Longridge
Preston
Lancashire
PR3 3JP
Holdens Estate Agents Limited
Unaudited Financial Statements
For The Year Ended
31 March 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Holdens Estate Agents Limited
Balance Sheet
As at
31 March 2020
Balance Sheet
Registered number:
06812224
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 161,192 | 163,614 | |||
Page 1
Holdens Estate Agents Limited
Balance Sheet (continued)
As at
31 March 2020
Director's responsibilities
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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
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Holdens Estate Agents Limited
Notes to the Financial Statements
For The Year Ended
31 March 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures, Fittings and Office Equipment |
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1.4.
Taxation
Taxation represents the sum of tax currently payable. The Company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2020 | 2019 | ||
|---|---|---|---|
| Office and administration |
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3.
Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Director's loan account | 10,200 | - | |
| Loan - HEA Lettings Limited |
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Page 3
Holdens Estate Agents Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2020
4.
Creditors: Amounts Falling Due Within One Year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Director's loan account | - |
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6.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| Land and buildings | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Within 1 year | 12,000 | 12,000 |
| Between 1 and 5 years | 10,000 | 22,000 |
| 22,000 | 34,000 | |
7.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
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Amounts advanced | Amounts repaid | Amounts written off | As at
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|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Peter Holden |
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The above loan is unsecured and repayable on demand. Interest will be charged at 2.5% on repayment.
Page 4
Holdens Estate Agents Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2020
8.
Related Party Transactions
HEA Lettings Limited
The sole Director and Shareholder of this Company is the sole Director and Shareholder of HEA Lettings Limited. This Company has loaned monies to HEA Lettings Limited and the amount outstanding at 31st March 2020 was £156,784 (2019-£208,784). The maximum amount outstanding during the year was £208,784 (2019-£208,784). The loan is interest free and repayable on demand.
9.
General Information
Holdens Estate Agents Limited
registered number
06812224
is a company limited by shares incorporated in England & Wales. The Registered Office is 6 Watkin Lane, Lostock Hall, Preston, PR5 5RD.
Page 5