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REGISTERED NUMBER: 01651941 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

H.H Services Limited

H.H Services Limited (Registered number: 01651941)






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 Accountants' Report 8

H.H Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs L Heinz
S K Heinz
R S Heinz
Mrs J L Heinz-Oulton





SECRETARY: Mrs L Heinz





REGISTERED OFFICE: 100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE





REGISTERED NUMBER: 01651941 (England and Wales)





ACCOUNTANTS: Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE

H.H Services Limited (Registered number: 01651941)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,456 60,477
Investment property 5 11,595,000 11,720,000
11,658,456 11,780,477

CURRENT ASSETS
Debtors 6 199,943 657,025
Cash at bank 2,220,752 1,347,556
2,420,695 2,004,581
CREDITORS
Amounts falling due within one year 7 448,574 395,433
NET CURRENT ASSETS 1,972,121 1,609,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,630,577

13,389,625

CREDITORS
Amounts falling due after more than one
year

8

(543,527

)

(1,557,291

)

PROVISIONS FOR LIABILITIES (1,815,137 ) (509,049 )
NET ASSETS 11,271,913 11,323,285

CAPITAL AND RESERVES
Called up share capital 167 167
Non-distributable reserve 10 4,384,441 5,210,901
Other reserves 33 33
Retained earnings 6,887,272 6,112,184
SHAREHOLDERS' FUNDS 11,271,913 11,323,285

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.

H.H Services Limited (Registered number: 01651941)

Balance Sheet - continued
31 March 2023


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 23 November 2023 and were signed on its behalf by:





S K Heinz - Director


H.H Services Limited (Registered number: 01651941)

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

1. STATUTORY INFORMATION

H.H Services 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

H.H Services Limited (Registered number: 01651941)

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 351,968
Additions 43,802
Disposals (78,521 )
At 31 March 2023 317,249
DEPRECIATION
At 1 April 2022 291,491
Charge for year 17,910
Eliminated on disposal (55,608 )
At 31 March 2023 253,793
NET BOOK VALUE
At 31 March 2023 63,456
At 31 March 2022 60,477

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 11,720,000
Disposals (1,257,600 )
Revaluations 1,132,600
At 31 March 2023 11,595,000
NET BOOK VALUE
At 31 March 2023 11,595,000
At 31 March 2022 11,720,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2010 2,250,732
Valuation in 2011 132,365
Valuation in 2015 (250,000 )
Valuation in 2017 (224,800 )
Valuation in 2018 340,459
Valuation in 2019 130,196
Valuation in 2020 (3,221 )
Valuation in 2021 2,070,000
Valuation in 2022 621,247
Valuation in 2023 1,132,600
Cost 5,395,422
11,595,000

H.H Services Limited (Registered number: 01651941)

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

5. INVESTMENT PROPERTY - continued

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

31.3.23 31.3.22
£    £   
Cost 5,395,422 6,011,349

Investment property was valued on an open market basis on 31 March 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 172,981 131,515
Other debtors 26,962 525,510
199,943 657,025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 996 14,958
Taxation and social security 224,775 175,680
Other creditors 222,803 204,795
448,574 395,433

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 900,000
Other creditors 543,527 657,291
543,527 1,557,291

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans - 900,000

The bank loan is secured by way of first priority legal charges over the properties.

H.H Services Limited (Registered number: 01651941)

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

10. RESERVES
Non-distribu
reserve
£   
At 1 April 2022 5,210,901
Revaluation in year (826,460 )

At 31 March 2023 4,384,441

The transfer between reserves represents the reclassification of investment property valuation gains and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation gains are not available for distribution to shareholders.

Revaluations £6,199,578, less deferred tax £1,815,137, non-distributable reserve £4,384,441.

11. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £1,836 (2022: £1,836) due to a director of the company. This loan is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
H.H Services 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 H.H Services Limited for the year ended 31 March 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 H.H Services 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 H.H Services Limited and state those matters that we have agreed to state to the Board of Directors of H.H Services Limited, 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 H.H Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H.H Services 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 H.H Services Limited. You consider that H.H Services 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 H.H Services 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.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


Date: .............................................