J.H.P. Storage Limited 01979389 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is storage, processing and conditioning of agricultural produce and other commodities Digita Accounts Production Advanced 6.30.9574.0 true 01979389 2022-04-01 2023-03-31 01979389 2023-03-31 01979389 bus:OrdinaryShareClass1 2023-03-31 01979389 bus:OrdinaryShareClass2 2023-03-31 01979389 bus:OrdinaryShareClass3 2023-03-31 01979389 bus:OrdinaryShareClass4 2023-03-31 01979389 bus:OrdinaryShareClass5 2023-03-31 01979389 bus:OtherShareClass1 2023-03-31 01979389 core:OtherReservesSubtotal 2023-03-31 01979389 core:RetainedEarningsAccumulatedLosses 2023-03-31 01979389 core:ShareCapital 2023-03-31 01979389 core:CurrentFinancialInstruments 2023-03-31 01979389 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01979389 core:Non-currentFinancialInstruments 2023-03-31 01979389 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 01979389 core:FurnitureFittings 2023-03-31 01979389 core:PlantMachinery 2023-03-31 01979389 core:OtherRelatedParties 2023-03-31 01979389 bus:SmallEntities 2022-04-01 2023-03-31 01979389 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01979389 bus:FullAccounts 2022-04-01 2023-03-31 01979389 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01979389 bus:RegisteredOffice 2022-04-01 2023-03-31 01979389 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 01979389 bus:Director1 2022-04-01 2023-03-31 01979389 bus:Director2 2022-04-01 2023-03-31 01979389 bus:Director3 2022-04-01 2023-03-31 01979389 bus:Director5 2022-04-01 2023-03-31 01979389 bus:Director6 2022-04-01 2023-03-31 01979389 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 01979389 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 01979389 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 01979389 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 01979389 bus:OrdinaryShareClass5 2022-04-01 2023-03-31 01979389 bus:OtherShareClass1 2022-04-01 2023-03-31 01979389 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01979389 core:ComputerSoftware 2022-04-01 2023-03-31 01979389 core:FurnitureFittings 2022-04-01 2023-03-31 01979389 core:InvestmentPropertyIncludedWithinPPE 2022-04-01 2023-03-31 01979389 core:PlantMachinery 2022-04-01 2023-03-31 01979389 core:OtherRelatedParties 2022-04-01 2023-03-31 01979389 countries:AllCountries 2022-04-01 2023-03-31 01979389 2022-03-31 01979389 core:PatentsTrademarksLicencesConcessionsSimilar 2022-03-31 01979389 core:FurnitureFittings 2022-03-31 01979389 core:PlantMachinery 2022-03-31 01979389 core:OtherRelatedParties 2022-03-31 01979389 2021-04-01 2022-03-31 01979389 2022-03-31 01979389 bus:OrdinaryShareClass1 2022-03-31 01979389 bus:OrdinaryShareClass2 2022-03-31 01979389 bus:OrdinaryShareClass3 2022-03-31 01979389 bus:OrdinaryShareClass4 2022-03-31 01979389 bus:OrdinaryShareClass5 2022-03-31 01979389 bus:OtherShareClass1 2022-03-31 01979389 core:OtherReservesSubtotal 2022-03-31 01979389 core:RetainedEarningsAccumulatedLosses 2022-03-31 01979389 core:ShareCapital 2022-03-31 01979389 core:CurrentFinancialInstruments 2022-03-31 01979389 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 01979389 core:Non-currentFinancialInstruments 2022-03-31 01979389 core:FurnitureFittings 2022-03-31 01979389 core:PlantMachinery 2022-03-31 01979389 core:OtherRelatedParties 2022-03-31 01979389 2021-03-31 01979389 core:OtherRelatedParties 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01979389

J.H.P. Storage Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

J.H.P. Storage Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

J.H.P. Storage Limited

Company Information

Directors

S J Halmshaw

J Halmshaw

C C Halmshaw

B M Halmshaw

V E Halmshaw

S K Halmshaw

Company secretary

B M Halmshaw

Registered office

Stirling House
The Flarepath
Elsham Wold
Elsham, Brigg
DN20 0NX

Solicitors

Beetenson & Gibbon
Lauriston House
Town Hall Square
Grimsby
North East Lincolnshire
DN31 1JB

 

J.H.P. Storage Limited

(Registration number: 01979389)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

6,847

6,048

Investment property

6

1,199,827

1,199,827

 

1,206,674

1,205,875

Current assets

 

Debtors

7

672,054

417,855

Cash at bank and in hand

 

126,096

351,197

 

798,150

769,052

Creditors: Amounts falling due within one year

8

(320,932)

(330,263)

Net current assets

 

477,218

438,789

Total assets less current liabilities

 

1,683,892

1,644,664

Provisions for liabilities

(37,066)

(36,637)

Net assets

 

1,646,826

1,608,027

Capital and reserves

 

Called up share capital

100

100

Other reserves

179,317

179,546

Profit and loss account

1,467,409

1,428,381

Total equity

 

1,646,826

1,608,027

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

J.H.P. Storage Limited

(Registration number: 01979389)
Balance Sheet as at 31 March 2023

Approved and authorised by the Board on 11 November 2023 and signed on its behalf by:
 

.........................................
S J Halmshaw
Director

.........................................
C C Halmshaw
Director

 

J.H.P. Storage Limited

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

1

General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 01979389.

These financial statements cover the individual entity, J.H.P Storage Limited.

The address of its registered office is:
Stirling House
The Flarepath
Elsham Wold
Elsham, Brigg
DN20 0NX

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 were prepared in accordance with Financial Reporting Standard 102 including 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

J.H.P. Storage Limited

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

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% and 20% per annum on a straight line basis

Fixtures, fittings and office equipment

10% and 20% per annum on a straight line basis

Investment properties

No depreciation is charged

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Intangible assets

Separately acquired website costs are shown at historical cost.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website costs

33% per annum on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

J.H.P. Storage Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company during the year, was 2 (2022 - 2).

 

J.H.P. Storage Limited

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

4

Intangible assets

Website costs
£

Total
£

Cost or valuation

At 1 April 2022

1,200

1,200

At 31 March 2023

1,200

1,200

Amortisation

At 1 April 2022

1,200

1,200

At 31 March 2023

1,200

1,200

Carrying amount

At 31 March 2023

-

-

5

Tangible assets

Fixtures, fittings and office equipment
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

59,023

170,895

229,918

Additions

4,975

-

4,975

At 31 March 2023

63,998

170,895

234,893

Depreciation

At 1 April 2022

52,975

170,895

223,870

Charge for the year

4,176

-

4,176

At 31 March 2023

57,151

170,895

228,046

Carrying amount

At 31 March 2023

6,847

-

6,847

At 31 March 2022

6,048

-

6,048

 

J.H.P. Storage Limited

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

6

Investment properties

2023
£

At 1 April 2022

1,199,827

At 31 March 2023

1,199,827

7

Debtors

2023
£

2022
£

Trade debtors

314,242

59,343

Other debtors

345,000

345,770

Prepayments and accrued income

12,812

12,742

 

672,054

417,855

Less non-current portion

(55,000)

(55,000)

Total current trade and other debtors

617,054

362,855

Details of non-current trade and other debtors

£55,000 (2022 - £55,000) of other debtors is classified as non current.

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

37,045

39,895

Taxation and social security

 

48,346

57,927

Other creditors

 

11

36,697

Accruals and deferred income

 

235,530

195,744

 

320,932

330,263

9

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

11

-

 

J.H.P. Storage Limited

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

10

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

24

24

24

24

Ordinary B shares of £1 each

24

24

24

24

Ordinary C shares of £1 each

2

2

2

2

Ordinary D shares of £1 each

2

2

2

2

Ordinary E shares of £1 each

24

24

24

24

Ordinary F shares of £1 each

24

24

24

24

 

100

100

100

100

11

Related party transactions

Summary of transactions with other related parties

Loan to a partnership of which the directors are the partners.
 Interest charged at 3% - no formal repayment terms.
 
Loan to a limited company of which the directors are also directors.
No interest charged. No formal repayment terms.

Loans to related parties

2023

Other related parties
£

Total
£

At start of period

290,000

290,000

At end of period

290,000

290,000

2022

Other related parties
£

Total
£

At start of period

290,000

290,000

At end of period

290,000

290,000