Holme Mills Heritage Centre Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07457482 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Holme Mills Heritage Centre Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W J Jordan

R D Jordan

REGISTERED OFFICE:

Holme Mills

Langford Rd

Biggleswade

Bedfordshire

SG18 9JX

REGISTERED NUMBER:

07457482 (England and Wales)

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

Brigham House

High Street

Biggleswade

Bedfordshire

SG18 0LD

FIXED ASSETS

Tangible assets

5

81,600

106,456

CURRENT ASSETS

Stocks

9,558

10,926

Debtors

13,655

12,280

Cash at bank and in hand

77,470

54,725

100,683

77,931

CREDITORS

Amounts falling due within one year

2,512,675

2,342,141

NET CURRENT LIABILITIES

(2,411,992

)

(2,264,210

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,330,392

)

(2,157,754

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(2,330,395

)

(2,157,757

)

SHAREHOLDERS' FUNDS

(2,330,392

)

(2,157,754

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:

R D Jordan - Director

1.	STATUTORY INFORMATION

Holme Mills Heritage Centre Ltd 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Turnover from cafe sales is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually at the time of purchase.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services such as room hire is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or 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.

Going concern

During the year the Company made a further loss and at the balance sheet date the Company's liabilities exceed its assets. The Company continues to trade within its financial parameters with the continued support of its Parent, W. Jordan & Son (Holdings) Ltd.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2021 - 15 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2022

523,411

Additions

2,246

At 31 December 2022

525,657

DEPRECIATION

At 1 January 2022

416,955

Charge for year

27,102

At 31 December 2022

444,057

NET BOOK VALUE

At 31 December 2022

81,600

At 31 December 2021

106,456