REGISTERED NUMBER:
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Holderness Hunt (Holdings) Limited |
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Unaudited Financial Statements for the Year Ended 30th April 2021 |
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REGISTERED NUMBER:
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Holderness Hunt (Holdings) Limited |
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Unaudited Financial Statements for the Year Ended 30th April 2021 |
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Holderness Hunt (Holdings) Limited (Registered number: 01100432) |
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Contents of the Financial Statements |
for the year ended 30th April 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Holderness Hunt (Holdings) Limited |
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Company Information |
for the year ended 30th April 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Regent's Court |
Princess Street |
Hull |
East Yorkshire |
HU2 8BA |
Holderness Hunt (Holdings) Limited (Registered number: 01100432) |
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Balance Sheet |
30th April 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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RESERVES |
Capital fund |
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Non-distributable reserve |
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Retained earnings |
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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. |
Holderness Hunt (Holdings) Limited (Registered number: 01100432) |
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Balance Sheet - continued |
30th April 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Holderness Hunt (Holdings) Limited (Registered number: 01100432) |
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Notes to the Financial Statements |
for the year ended 30th April 2021 |
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1. | STATUTORY INFORMATION |
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Holderness Hunt (Holdings) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
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Depreciation is provided on all tangible assets, at rates calculated to write off the costs, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
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Freehold land and
buildings |
- Nil |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Revenue recognition |
The revenue recognition is attributable to the Company's continuing principle activity, namely the holding of the investments on behalf of the Holderness Hunt. |
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Income from listed investments is dealt with on a received basis. |
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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. |
Holderness Hunt (Holdings) Limited (Registered number: 01100432) |
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Notes to the Financial Statements - continued |
for the year ended 30th April 2021 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Freehold |
land and |
buildings |
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COST |
At 1st May 2020 |
and 30th April 2021 |
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NET BOOK VALUE |
At 30th April 2021 |
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At 30th April 2020 |
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The freehold land represents land in the name of the company as nominee of the Holderness Hunt comprising fox coverts known as Blue Stone Bottom, Rowley. |
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Freehold land that has not been valued includes the following: |
Bolams Whin |
Fox covert at Halsham |
Close at Tansterne |
Willows Tofts fox covert at Owstwick |
Fox (or Whin) covert at Catfoss |
Covert at North Park |
Holderness Hunt (Holdings) Limited (Registered number: 01100432) |
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Notes to the Financial Statements - continued |
for the year ended 30th April 2021 |
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5. | FIXED ASSET INVESTMENTS |
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Listed
investments |
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COST OR VALUATION |
At 1 May 2020 | 253,410 |
Fair value adjustments | 21,222 |
Disposals | (20,933 | ) |
At 30 April 2021 | 253,699 |
NET BOOK VALUE |
At 30 April 2021 | 253,699 |
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At 30 April 2020 | 253,410 |
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Cost or valuation is represented by: |
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Listed
investments |
£ |
Valuation in 2021 | 253,699 |
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Market value of listed investments at 30 April 2021 is £253,699 (2020 £253,410) |
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The historical cost of the fixed asset investments is £144,846 (2020 £165,779) |
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The above listed investments include a legacy from William Downs, and the fair value of this is represented by: |
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2021 | 2020 |
£ | £ |
Investments at fair value | 182,983 | 193,600 |
Legacy Fund deposit account | 10,337 | 10,300 |
193,320 | 203,900 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank overdrafts |
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Other creditors |
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Holderness Hunt (Holdings) Limited (Registered number: 01100432) |
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Notes to the Financial Statements - continued |
for the year ended 30th April 2021 |
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8. | CONTROL |
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The company is a private company limited by guarantee and consequently does not have share capital. |
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The company is controlled by no one party. At 30th April 2021 the company had 8 members each of whom has guaranteed the sum of £1. |