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Horizon Roofing Holdings Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2023

Registration number: 05454235

 

Horizon Roofing Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Horizon Roofing Holdings Limited

Balance Sheet

31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

11,000

11,000

Current assets

 

Debtors

5

6,343

6,343

Cash at bank and in hand

 

2,602

2,674

 

8,945

9,017

Net assets

 

19,945

20,017

Capital and reserves

 

Called up share capital

6

13,750

13,750

Share premium reserve

2,250

2,250

Profit and loss account

3,945

4,017

Shareholders' funds

 

19,945

20,017

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 17 November 2023 and signed on its behalf by:
 

.........................................
Mr C R Rowe
Director

   
     

Company Registration Number: 05454235

 

Horizon Roofing Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Melville Building East
Unit 18, 23 Royal William Yard
PLYMOUTH
PL1 3GW

The principal place of business is:
12 Carn Brea Business Park
Wilson Way
Redruth
Cornwall
TR15 3RR

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of small group. The company has taken advantage of the exemptions provided by Section 398 of the Companies Act 2006 and has not prepared group accounts..

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

 

Horizon Roofing Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other debtors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Investments

2023
£

2022
£

Investments in subsidiaries

11,000

11,000

Subsidiaries

£

Cost or valuation

At 1 April 2022

11,000

Provision

Carrying amount

At 31 March 2023

11,000

At 31 March 2022

11,000

 

Horizon Roofing Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Horizon Roofing Limited

North Quay House, Sutton Harbour, Plymouth, PL4 0RA, England

Ordinary

100%

100%

         

Subsidiary undertakings

Horizon Roofing Limited

The principal activity of Horizon Roofing Limited is the construction and maintenance of roofing and the retail of roofing materials.

5

Debtors

2023
 £

2022
 £

Amounts due from group undertakings

93

93

Other debtors

6,250

6,250

6,343

6,343

2023
£

2022
£

Amounts due from group undertakings

93

93

Other debtors

6,250

6,250

6,343

6,343

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

13,750

13,750

13,750

13,750

         
 

Horizon Roofing Holdings Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

7

Related party transactions

The company has taken advantage of the exemption provided by FRS102 to not disclose transactions entered into between two or more members of the group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

8

Parent and ultimate parent undertaking

The shares in Horizon Roofing Holdings Limited are held by the Rowe family.