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REGISTERED NUMBER: 08501446 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2023

for

J H Family Office Ltd

J H Family Office Ltd (Registered number: 08501446)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 6

J H Family Office Ltd

Company Information
for the year ended 30 April 2023







DIRECTORS: J Hill
H Weldon





REGISTERED OFFICE: 8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ





REGISTERED NUMBER: 08501446 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

J H Family Office Ltd (Registered number: 08501446)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 270,789 199,259
Tangible assets 5 12,026 9,070
Investments 6 52,238 49,527
335,053 257,856

CURRENT ASSETS
Debtors 7 29,866 19,731
Cash at bank 212,794 280,400
242,660 300,131
CREDITORS
Amounts falling due within one year 8 85,054 112,309
NET CURRENT ASSETS 157,606 187,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

492,659

445,678

PROVISIONS FOR LIABILITIES 3,007 2,268
NET ASSETS 489,652 443,410

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 12,238 9,527
Retained earnings 467,414 423,883
SHAREHOLDERS' FUNDS 489,652 443,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





J Hill - Director


J H Family Office Ltd (Registered number: 08501446)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

J H Family Office 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. 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 in respect of financial intermediary work, excluding value added tax.

Goodwill
Goodwill is included at cost and amortised through the profit and loss account over the directors' estimate of its useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance
Computer equipment - 20% on reducing balance

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.

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 4 (2022 - 4 ) .

J H Family Office Ltd (Registered number: 08501446)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022 221,399
Additions 104,078
At 30 April 2023 325,477
AMORTISATION
At 1 May 2022 22,140
Charge for year 32,548
At 30 April 2023 54,688
NET BOOK VALUE
At 30 April 2023 270,789
At 30 April 2022 199,259

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 5,418 10,823 16,241
Additions 425 4,874 5,299
At 30 April 2023 5,843 15,697 21,540
DEPRECIATION
At 1 May 2022 2,472 4,699 7,171
Charge for year 624 1,719 2,343
At 30 April 2023 3,096 6,418 9,514
NET BOOK VALUE
At 30 April 2023 2,747 9,279 12,026
At 30 April 2022 2,946 6,124 9,070

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2022 49,527
Revaluations 2,711
At 30 April 2023 52,238
NET BOOK VALUE
At 30 April 2023 52,238
At 30 April 2022 49,527

J H Family Office Ltd (Registered number: 08501446)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 April 2023 is represented by:

Other
investments
£   
Valuation in 2018 2,221
Valuation in 2019 887
Valuation in 2020 (1,202 )
Valuation in 2021 2,180
Valuation in 2022 5,441
Valuation in 2023 2,711
Cost 40,000
52,238

If fixed asset investments had not been revalued they would have been included at the following historical cost:

30.4.23 30.4.22
£    £   
Cost 40,000 40,000

Fixed asset investments were valued on an open market basis on 30 April 2023 by the Fund Managers .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 22,391 12,696
Other debtors 7,475 7,035
29,866 19,731

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Taxation and social security 66,284 92,823
Other creditors 18,770 19,486
85,054 112,309

9. RESERVES
Revaluation
reserve
£   
At 1 May 2022 9,527
Fair value gain 2,711

At 30 April 2023 12,238

10. OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £2,436 (2022 - £1,950).

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J H Family Office Ltd

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 J H Family Office Ltd for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J H Family Office Ltd, 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 J H Family Office Ltd and state those matters that we have agreed to state to the Board of Directors of J H Family Office Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J H Family Office Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J H Family Office Ltd 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 J H Family Office Ltd. You consider that J H Family Office Ltd 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 J H Family Office Ltd. 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.






Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ


24 October 2023