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REGISTERED NUMBER: 01067521 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

A. Howe And Sons Limited

A. Howe And Sons Limited (Registered number: 01067521)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


A. Howe And Sons Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N Howe





REGISTERED OFFICE: The Haulage Yard
165 Station Road
Waddington
Lincoln
LN5 9QT





REGISTERED NUMBER: 01067521 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
A. Howe And Sons Limited

The following reproduces the text of the report prepared for the director 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 Director 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 A. Howe And Sons 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 director of A. Howe And Sons Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A. Howe And Sons Limited and state those matters that we have agreed to state to the director of A. Howe And Sons Limited 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 A. Howe And Sons Limited and its director for our work or for this report.

It is your duty to ensure that A. Howe And Sons 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 A. Howe And Sons Limited. You consider that A. Howe And Sons 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 A. Howe And Sons 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


20 November 2023

A. Howe And Sons Limited (Registered number: 01067521)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,980 14,882
Investments 5 147,034 273,486
Investment property 6 3,840,000 3,327,500
4,027,014 3,615,868

CURRENT ASSETS
Stocks 6,500 18,300
Debtors 7 69,826 169,377
Cash at bank 12,937 85,255
89,263 272,932
CREDITORS
Amounts falling due within one year 8 523,660 713,032
NET CURRENT LIABILITIES (434,397 ) (440,100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,592,617

3,175,768

CREDITORS
Amounts falling due after more than one year 9 (671,611 ) (742,929 )

PROVISIONS FOR LIABILITIES (200,761 ) (70,677 )
NET ASSETS 2,720,245 2,362,162

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 793,336 517,953
Retained earnings 12 1,926,809 1,844,109
SHAREHOLDERS' FUNDS 2,720,245 2,362,162

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 director acknowledges his 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.

A. Howe And Sons Limited (Registered number: 01067521)

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 director and authorised for issue on 20 November 2023 and were signed by:





N Howe - Director


A. Howe And Sons Limited (Registered number: 01067521)

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

1. STATUTORY INFORMATION

A. Howe And Sons 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.

The Director's have prepared the accounts on the going concern basis. At the year end the Company had net current liabilities of £434,397 (2022: £440,100).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax has been recognised on the difference between the cost and fair value of investment properties and fixed asset investments at the latest published rate of tax.

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.

A. Howe And Sons Limited (Registered number: 01067521)

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

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments in shares are held at fair value.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions 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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 22,502 7,117 10,414 7,740 47,773
Additions 28,478 - - 895 29,373
At 31 March 2023 50,980 7,117 10,414 8,635 77,146
DEPRECIATION
At 1 April 2022 14,211 6,566 6,764 5,350 32,891
Charge for year 2,513 82 912 768 4,275
At 31 March 2023 16,724 6,648 7,676 6,118 37,166
NET BOOK VALUE
At 31 March 2023 34,256 469 2,738 2,517 39,980
At 31 March 2022 8,291 551 3,650 2,390 14,882

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 273,486
Additions 33,521
Disposals (139,154 )
Revaluations (20,819 )
At 31 March 2023 147,034
NET BOOK VALUE
At 31 March 2023 147,034
At 31 March 2022 273,486

If fixed asset investments had not been revalued they would have been included at historical cost of £138,890 (2022: £223,343).

A. Howe And Sons Limited (Registered number: 01067521)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 3,327,500
Additions 53,157
Revaluations 459,343
At 31 March 2023 3,840,000
NET BOOK VALUE
At 31 March 2023 3,840,000
At 31 March 2022 3,327,500

Investment properties have been valued on an open market basis at 31 March 2023 by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,522 160,685
Other debtors 5,304 8,692
69,826 169,377

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 77,339 96,523
Trade creditors 37,891 194,551
Taxation and social security 511 19,674
Other creditors 407,919 402,284
523,660 713,032

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 671,611 742,929

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 387,142 465,978
387,142 465,978

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 748,950 839,452

The debts are secured by fixed and floating charges over the assets of the company.

A. Howe And Sons Limited (Registered number: 01067521)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2022 1,844,109 517,953 2,362,062
Profit for the year 358,083 358,083
Transfer (275,383 ) 275,383 -
At 31 March 2023 1,926,809 793,336 2,720,145