Holme Mills Heritage Centre Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07457482 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

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

260,404

105,828

CURRENT ASSETS

Stocks

5,300

10,697

Debtors

64,222

90,630

Cash at bank and in hand

88,510

92,559

158,032

193,886

CREDITORS

Amounts falling due within one year

1,560,395

1,147,632

NET CURRENT LIABILITIES

(1,402,363

)

(953,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,141,959

)

(847,918

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(1,141,962

)

(847,921

)

SHAREHOLDERS' FUNDS

(1,141,959

)

(847,918

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2017 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 on 22 August 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

This is the first year that the company has presented its results under FRS 102 (Section 1a). The last

financial statements under previous UK GAAP were for the year ended 30th November 2016 and the

date of transition to FRS 102 (Section 1a) was 1st December 2016.

No material adjustments were required to the comparative period or opening comparative reserves as

a result of the adoption of FRS 102 (Section 1a).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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 cost and 20% on cost

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2016 - 41 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2016

252,531

Additions

221,797

At 30 November 2017

474,328

DEPRECIATION

At 1 December 2016

146,703

Charge for year

67,221

At 30 November 2017

213,924

NET BOOK VALUE

At 30 November 2017

260,404

At 30 November 2016

105,828

6.	POST BALANCE SHEET EVENTS

On 1st June 2018 W Jordan and Son (Holdings) Ltd purchased Holme Mills Heritage Centre Ltd from

The Jordan Trust.

7.	GOING CONCERN

During the year the Company made a loss and at the balance sheet date the Company's liabilities

exceeded its assets. The Company continues to trade within its financial parameters and with the

continued support of W. Jordan & Son (Holdings) & Son Ltd a company owned and run by the

directors of Holme Mills Heritage Centre Ltd.