Company No: 03177242 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

T C Little

SECRETARY

J A Little

REGISTERED OFFICE	22 Chancery Lane
	London
	WC2A 1LS
	United Kingdom

COMPANY NUMBER

03177242 (England and Wales)

	Note	2022		2021
		£		£
Fixed assets
Investments	3	954,251		312,942
		954,251		312,942
Current assets
Debtors	4	3,487		73,682
Cash at bank and in hand		3,917		84,301
		7,404		157,983
Creditors: amounts falling due within one year	5	( 101,780)		( 98,316)
Net current (liabilities)/assets		(94,376)		59,667
Total assets less current liabilities		859,875		372,609
Net assets		859,875		372,609
Capital and reserves
Called-up share capital		2		2
Profit and loss account		859,873		372,607
Total shareholders' funds		859,875		372,609

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Holmebury Limited (registered number: 03177242) were approved and authorised for issue by the Director on 28 September 2023. They were signed on its behalf by:

T C Little Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Holmebury Limited (the Company) is a private company, limited by share capital, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at clsoing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Revenue Recognition

Dividend income from investments is recognised at the point in which the company becomes entitled to the dividend.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Fixed asset investments

	Listed investments		Investments in joint ventures		Other investments		Total
	£		£		£		£
Carrying value before impairment
At 01 January 2022	219,442		93,500		0		312,942
Additions	301,500		0		338,486		639,986
Movement in fair value	1,323		0		0		1,323
At 31 December 2022	522,265		93,500		338,486		954,251
Provisions for impairment
At 01 January 2022	0		0		0		0
At 31 December 2022	0		0		0		0
Carrying value at 31 December 2022	522,265		93,500		338,486		954,251
Carrying value at 31 December 2021	219,442		93,500		0		312,942

Holmebury Limited owns 50% (2021 - 50%) of Triple Crown LLC, a US Limited Liability Corporation. The registered address of Triple Crown LLX is 370 Tappan Road, Norwood, New Jersey, 07648 USA.

4. Debtors

	2022		2021
	£		£
Other debtors	3,487		73,682

5. Creditors: amounts falling due within one year

	2022		2021
	£		£
Trade creditors	7,080		3,616
Amounts owed to director	93,500		93,500
Accruals	1,200		1,200
	101,780		98,316

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

The loan from the director is interest free and repayable upon demand. There was no movement in the loan during the year. At the balance sheet date, the amount due to the director was £93,500 (2021: £93,500).