Company Registration No. 13453918 (England and Wales)
THE MOTHER HUFF CAP (PH) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022
PAGES FOR FILING WITH REGISTRAR
THE MOTHER HUFF CAP (PH) LIMITED
COMPANY INFORMATION
Directors
Mr G L White
(Appointed 14 June 2021)
Mr R P Moore
(Appointed 14 June 2021)
Company number
13453918
Registered office
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
THE MOTHER HUFF CAP (PH) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
THE MOTHER HUFF CAP (PH) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE MOTHER HUFF CAP (PH) LIMITED FOR THE PERIOD ENDED 30 JUNE 2022
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Mother Huff Cap (PH) Limited for the period ended 30 June 2022 which comprise, the 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of The Mother Huff Cap (PH) 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 The Mother Huff Cap (PH) Limited and state those matters that we have agreed to state to the Board of Directors of The Mother Huff Cap (PH) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Mother Huff Cap (PH) Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that The Mother Huff Cap (PH) 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 loss of The Mother Huff Cap (PH) Limited. You consider that The Mother Huff Cap (PH) Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of The Mother Huff Cap (PH) 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.
Ormerod Rutter Limited
26 October 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
THE MOTHER HUFF CAP (PH) LIMITED
BALANCE SHEET
AS AT 30 JUNE 2022
30 June 2022
- 2 -
2022
Notes
£
£
Fixed assets
Tangible assets
3
4,000
Investment properties
4
907,540
911,540
Current assets
Debtors
5
160,300
Creditors: amounts falling due within one year
6
(500,773)
Net current liabilities
(340,473)
Total assets less current liabilities
571,067
Creditors: amounts falling due after more than one year
7
(587,888)
Net liabilities
(16,821)
Capital and reserves
Called up share capital
9
100
Profit and loss reserves
(16,921)
Total equity
(16,821)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 October 2023 and are signed on its behalf by:
Mr G L White
Director
Company Registration No. 13453918
THE MOTHER HUFF CAP (PH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022
- 3 -
1
Accounting policies
Company information
The Mother Huff Cap (PH) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Oakley, Kidderminster Road, Droitwich, Worcestershire, WR9 9AY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% reducing balance p.a.
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
[Property rented to a group entity is accounted for as tangible fixed assets.]
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 2.
THE MOTHER HUFF CAP (PH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2022
- 4 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 14 June 2021
Additions
5,000
At 30 June 2022
5,000
Depreciation and impairment
At 14 June 2021
Depreciation charged in the period
1,000
At 30 June 2022
1,000
Carrying amount
At 30 June 2022
4,000
4
Investment property
2022
£
Fair value
At 14 June 2021
Additions
907,540
At 30 June 2022
907,540
The director has assessed the market value of the property and considers that there has been no significant change in the market value at the period end.
5
Debtors
2022
Amounts falling due within one year:
£
Other debtors
160,300
6
Creditors: amounts falling due within one year
2022
£
Amounts owed to group undertakings
4,223
Other creditors
496,550
500,773
THE MOTHER HUFF CAP (PH) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2022
- 5 -
7
Creditors: amounts falling due after more than one year
2022
£
Bank loans and overdrafts
587,888
8
Secured debts
The following secured debts are included within creditors:
2022
£
Bank loans
587,888
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
9
Called up share capital
2022
£
Ordinary share capital
Issued and fully paid
100 Ordinary A of £1 each
100
100
100 Ordinary A shares of £1 were allotted and fully paid for cash at par during the period.
10
Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
11
Control
Ultimate parent company
The ultimate parent company is White Property Holdings Limited, a company registered in England and Wales.
Ultimate controlling party
There is no ultimate controlling party.
12
Comparatives
This is the company’s first period of trade, therefore there are no comparatives.