REGISTERED NUMBER: |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 |
REGISTERED NUMBER: |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED (REGISTERED NUMBER: 00275938) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 August 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED |
COMPANY INFORMATION |
for the year ended 31 August 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Vernon House |
40 New North Road |
Huddersfield |
West Yorkshire |
HD1 5LS |
BANKERS: |
12 Longbow Close |
Pennine Business Park |
Bradley |
Huddersfield |
HD2 1GQ |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED (REGISTERED NUMBER: 00275938) |
BALANCE SHEET |
31 August 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Non-distributable reserve | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED (REGISTERED NUMBER: 00275938) |
BALANCE SHEET - continued |
31 August 2023 |
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 |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED (REGISTERED NUMBER: 00275938) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 August 2023 |
1. | STATUTORY INFORMATION |
James Holdsworth & Brothers Group Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced rents and service charges, excluding value added tax, recognised on an accruals basis. |
Tangible fixed assets |
Plant and machinery etc | - |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED (REGISTERED NUMBER: 00275938) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 August 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 September 2022 |
Additions |
At 31 August 2023 |
DEPRECIATION |
At 1 September 2022 |
Charge for year |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
5. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
£ |
COST |
At 1 September 2022 |
and 31 August 2023 | 10 |
NET BOOK VALUE |
At 31 August 2023 | 10 |
At 31 August 2022 | 10 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2022 |
Additions |
Disposals | ( |
) |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED (REGISTERED NUMBER: 00275938) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 August 2023 |
6. | INVESTMENT PROPERTY - continued |
Fair value at 31 August 2023 is represented by: |
£ |
Valuation in 2023 | 2,840,000 |
If investment properties had not been revalued they would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 2,302,391 | 2,389,514 |
Investment properties were valued on an open market basis on 31 August 2023 by the directors . |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans | 450,000 | 490,000 |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED (REGISTERED NUMBER: 00275938) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 August 2023 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
Handelsbanken PLC holds an unlimited guarantee for James Holdsworth & Brothers Group Limited. The guarantee is secured by a fixed and floating charge on the property, assets and undertakings of the group. |
The Coronavirus Business Interruption Loan is partly secured under government backed initiatives and against company assets. |
11. | RESERVES |
Non-distribut |
reserve |
£ |
At 1 September 2022 |
Revaluation | 2,123 |
At 31 August 2023 |
12. | RELATED PARTY DISCLOSURES |
Loans owing to the directors on an interest free basis of £7,613 (2022 £3,771) were outstanding at the year end. |
A loan of £128,967 (2022 £112,112) was owing in the year from Townend Weaving Huddersfield Limited on an interest free basis and is due under one year when funds permit. James Holdsworth & Brothers Group Ltd hold shares in Townend Weaving Huddersfield Ltd. |