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Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Howstan Holdings (Birmingham) Limited

Howstan Holdings (Birmingham) Limited (Registered number: 00996840)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Howstan Holdings (Birmingham) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: RSJ George
Mrs M George
P M Smith
R George





SECRETARY: Mrs M George





REGISTERED OFFICE: Pern Cottage
Crawley
Winchester
Hampshire
SO21 2PR





REGISTERED NUMBER: 00996840 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Howstan Holdings (Birmingham) Limited (Registered number: 00996840)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 896 1,001
Investments 5 1,453,630 1,427,185
Investment property 6 575,000 530,000
2,029,526 1,958,186

CURRENT ASSETS
Cash at bank 67,829 89,419

CREDITORS
Amounts falling due within one year 7 191,731 125,874
NET CURRENT LIABILITIES (123,902 ) (36,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,905,624

1,921,731

PROVISIONS FOR LIABILITIES 69,784 77,279
NET ASSETS 1,835,840 1,844,452

CAPITAL AND RESERVES
Called up share capital 8 200 200
Capital redemption reserve 100 100
Fair value reserve 403,209 433,998
Retained earnings 1,432,331 1,410,154
SHAREHOLDERS' FUNDS 1,835,840 1,844,452

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 22 November 2023 and were signed on its behalf by:





P M Smith - Director


Howstan Holdings (Birmingham) Limited (Registered number: 00996840)

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


1. STATUTORY INFORMATION

Howstan Holdings (Birmingham) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

Investments
Investment property is shown at most recent valuation.

Fixed asset investments are shown at their market value at the balance sheet date.

Any aggregate surplus or deficit arising from changes in fair value is recognised in the fair value reserve, after providing for deferred tax.

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.

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.

Operating income
The company receives dividends and interest from its various investments & this income is included on a cash received basis. Disposals of investments are accounted for in the period they take place and will generate either a profit or loss depending on when they are sold.

Other operating income
Rents received are stated in the profit and loss account as they are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

Howstan Holdings (Birmingham) Limited (Registered number: 00996840)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 4,076
DEPRECIATION
At 1 April 2022 3,075
Charge for year 105
At 31 March 2023 3,180
NET BOOK VALUE
At 31 March 2023 896
At 31 March 2022 1,001

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 1,427,186
Additions 592,147
Disposals (552,418 )
Revaluations (13,285 )
At 31 March 2023 1,453,630
NET BOOK VALUE
At 31 March 2023 1,453,630
At 31 March 2022 1,427,186

The market value of the investments is based on the mid-market price as provided by the company's portfolio managers.

Had the investments not been revalued at the balance sheet date, the cost would be £1,051,864 (2022: £1,020,452).

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 530,000
Revaluations 45,000
At 31 March 2023 575,000
NET BOOK VALUE
At 31 March 2023 575,000
At 31 March 2022 530,000

Howstan Holdings (Birmingham) Limited (Registered number: 00996840)

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


6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 45,000
Cost 530,000
575,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 9,102 16,006
Other creditors 182,629 109,868
191,731 125,874

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

9. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by Mrs & Mrs R George