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HOWDEN ROAD GARAGE (SILSDEN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST FEBRUARY 2022 TO 31ST MAY 2023






HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST FEBRUARY 2022 TO 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOWDEN ROAD GARAGE (SILSDEN) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST FEBRUARY 2022 TO 31ST MAY 2023







DIRECTOR: Mrs P J Vickers





REGISTERED OFFICE: 11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX





REGISTERED NUMBER: 02014052





ACCOUNTANTS: Wilkinson and Partners
Moors House
11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX

HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 - 124,000
- 124,000

CURRENT ASSETS
Debtors 6 132,004 126,220
Cash at bank and in hand 591,339 522,095
723,343 648,315
CREDITORS
Amounts falling due within one year 7 13,121 14,399
NET CURRENT ASSETS 710,222 633,916
TOTAL ASSETS LESS CURRENT LIABILITIES 710,222 757,916

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Other reserves 5,000 5,000
Retained earnings 685,222 732,916
SHAREHOLDERS' FUNDS 710,222 757,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052)

BALANCE SHEET - continued
31ST MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 16th October 2023 and were signed by:





Mrs P J Vickers - Director


HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST FEBRUARY 2022 TO 31ST MAY 2023


1. STATUTORY INFORMATION

Howden Road Garage (Silsden) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment properties
Investment properties are shown at their most recent valuation. Any resulting changes in market value is transferred to a revaluation reserve, unless a deficit on an individual investment property is expected to be permanent, in which case it is charged to the profit and loss account in the period.

Depreciation is not provided in respect of freehold investment properties. Whilst this is a departure from generally accepted accounting principles, the directors consider that this is necessary in order that the financial statements give a true and fair view. The reporting of current values and of changes therein are of prime importance, rather than the calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

On the disposal of an investment property, the amount included in the profit and loss account represents the difference between the sale proceeds and the assets carrying value. Any realised revaluation surpluses are credited back to the profit and loss account, being shown as a movement on reserves.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST FEBRUARY 2022 TO 31ST MAY 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2022
and 31st May 2023 2,119
DEPRECIATION
At 1st February 2022
and 31st May 2023 2,119
NET BOOK VALUE
At 31st May 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2022 124,000
Disposals (124,000 )
At 31st May 2023 -
NET BOOK VALUE
At 31st May 2023 -
At 31st January 2022 124,000

HOWDEN ROAD GARAGE (SILSDEN) LIMITED (REGISTERED NUMBER: 02014052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST FEBRUARY 2022 TO 31ST MAY 2023


5. INVESTMENT PROPERTY - continued

The properties are professionally revalued at least every 5 years in accordance with the provisions of Statement of Standard Accounting Practice 19 'Accounting for Investment Properties'. Any interim adjustments made to the carrying values are based upon the directors opinion of current market conditions.

Given the current market conditions all remaining investment property is included in the financial statements at the lower of cost and net realisable value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 131,722 126,220
Prepayments and accrued income 282 -
132,004 126,220

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,370 2,400
Corporation tax 1 9,599
Accrued expenses 7,750 2,400
13,121 14,399

The directors loan account is interest-free and repayable on demand.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary 1 20,000 20,000