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REGISTERED NUMBER: 00843505 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Horderns Motor House Limited

Horderns Motor House Limited (Registered number: 00843505)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Horderns Motor House Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs R A Coley
S N Coley
N R Coley





SECRETARY: Mrs R A Coley





REGISTERED OFFICE: 79-85 Market Street
Chapel En Le Frith
High Peak
SK23 0JD





REGISTERED NUMBER: 00843505 (England and Wales)





ACCOUNTANTS: DHP Acountants Ltd
15 Buxton Old Road
Disley
Cheshire
SK12 2BB

Horderns Motor House Limited (Registered number: 00843505)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,255 134,311
Investment property 5 730,000 552,308
854,255 686,619

CURRENT ASSETS
Stocks 509,135 488,051
Debtors 6 125,950 60,905
Cash at bank 189,771 103,758
824,856 652,714
CREDITORS
Amounts falling due within one year 7 793,367 511,923
NET CURRENT ASSETS 31,489 140,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

885,744

827,410

CREDITORS
Amounts falling due after more than
one year

8

(186,169

)

(230,149

)

PROVISIONS FOR LIABILITIES (76,854 ) (40,514 )
NET ASSETS 622,721 556,747

Horderns Motor House Limited (Registered number: 00843505)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 618,721 552,747
SHAREHOLDERS' FUNDS 622,721 556,747

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





S N Coley - Director


Horderns Motor House Limited (Registered number: 00843505)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Horderns Motor House Limited 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. 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 as modified by the revaluation of certain assets.

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.
Land and buildings - 2% on cost and Over the terms of the lease
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.


Horderns Motor House Limited (Registered number: 00843505)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 47,865 515,049 562,914
Additions - 3,029 3,029
At 31 March 2023 47,865 518,078 565,943
DEPRECIATION
At 1 April 2022 39,809 388,794 428,603
Charge for year 195 12,890 13,085
At 31 March 2023 40,004 401,684 441,688
NET BOOK VALUE
At 31 March 2023 7,861 116,394 124,255
At 31 March 2022 8,056 126,255 134,311

Fixed assets with a net book value of £7,545 (2022: £8,384) were held under hire purchase contracts at the year end.

Horderns Motor House Limited (Registered number: 00843505)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 552,308
Revaluations 177,692
At 31 March 2023 730,000
NET BOOK VALUE
At 31 March 2023 730,000
At 31 March 2022 552,308

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 730,000

If investment property had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 449,762 449,762

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 79,698 18,904
Other debtors 46,252 42,001
125,950 60,905

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 24,087 24,382
Hire purchase contracts 9,513 16,437
Trade creditors 323,747 107,167
Taxation and social security 37,807 19,346
Other creditors 398,213 344,591
793,367 511,923

Horderns Motor House Limited (Registered number: 00843505)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 89,348 80,636
Hire purchase contracts 6,448 19,688
Other creditors 90,373 129,825
186,169 230,149

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 32,740 36,127

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 113,435 105,018
Other loans 139,851 171,825
Hire purchase contracts 15,961 36,125
Vehicle funding 206,897 207,842
476,144 520,810

10. RELATED PARTY DISCLOSURES

At the year end the directors were owed £128,893 (2022: £83,902) from the company.

All the directors are beneficiaries of the Horderns Motor House Limited Pension Scheme. The Pension Scheme charged rents of £39,650 (2022: £39,650) to the company. At the year end the company was owed £18,046 (2022: £18,046) by Horderns Motor House Limited Pension Scheme and Horderns Motor House Pension Scheme was owed £139,851 (2022: £139,323) by the company. Interest paid to the pension scheme amounted to £1,936 (2022: £1,242).

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Horderns Motor House Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Horderns Motor House Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Horderns Motor House Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Horderns Motor House Limited and state those matters that we have agreed to state to the Board of Directors of Horderns Motor House Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Horderns Motor House Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Horderns Motor House Limited. You consider that Horderns Motor House Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Horderns Motor House Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






DHP Acountants Ltd
15 Buxton Old Road
Disley
Cheshire
SK12 2BB


20 October 2023