Registration number:
Henry Alice Holdings Limited
for the Year Ended 31 May 2023
Henry Alice Holdings Limited
Contents
Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Henry Alice Holdings Limited
Company Information
Directors |
Mr John Daly Mrs Elizabeth Anne Daly |
Registered office |
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Accountants |
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Henry Alice Holdings Limited
Directors' Report for the Year Ended 31 May 2023
The directors present their report and the financial statements for the year ended 31 May 2023.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is property
Small companies provision statement
This report has 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.
Approved and authorised by the
......................................... |
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Henry Alice Holdings Limited
for the Year Ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Henry Alice Holdings Limited for the year ended 31 May 2023 as set out on pages 4 to 11 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 at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Henry Alice Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Henry Alice Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Henry Alice Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Henry Alice Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Henry Alice Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Henry Alice Holdings Limited. You consider that Henry Alice Holdings 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 accounts of Henry Alice Holdings 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 accounts.
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1 Aldersyde
Taynuilt
Argyll
PA35 1AG
Henry Alice Holdings Limited
Profit and Loss Account for the Year Ended 31 May 2023
Note |
2023 |
2022 |
|
Turnover |
|
|
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Gross profit |
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|
|
Administrative expenses |
( |
( |
|
Operating profit/(loss) |
27,761 |
(12,564) |
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Interest payable and similar expenses |
( |
- |
|
Loss before tax |
( |
( |
|
Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Henry Alice Holdings Limited
Statement of Comprehensive Income for the Year Ended 31 May 2023
2023 |
2022 |
|
Loss for the year |
( |
( |
Total comprehensive income for the year |
( |
( |
Henry Alice Holdings Limited
(Registration number: 13378057)
Balance Sheet as at 31 May 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Tangible assets |
|
|
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Current assets |
|||
Cash at bank and in hand |
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|
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
|
( |
|
Creditors: Amounts falling due after more than one year |
( |
- |
|
Net liabilities |
( |
( |
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Capital and reserves |
|||
Called up share capital |
100 |
100 |
|
Retained earnings |
(13,676) |
(12,564) |
|
Shareholders' deficit |
(13,576) |
(12,464) |
For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
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.
Approved and authorised by the
......................................... |
Henry Alice Holdings Limited
Statement of Changes in Equity for the Year Ended 31 May 2023
Share capital |
Retained earnings |
Total |
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At 1 June 2022 |
|
( |
( |
Loss for the year |
- |
( |
( |
At 31 May 2023 |
|
( |
( |
Share capital |
Retained earnings |
Total |
|
Loss for the year |
- |
( |
( |
New share capital subscribed |
|
- |
|
At 31 May 2022 |
100 |
(12,564) |
(12,464) |
Henry Alice Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Going concern
The financial statements have been prepared on a going concern basis.
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.
Tangible assets
Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold property |
In accordance with the property |
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.
Borrowings
Henry Alice Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
||
At 1 June 2022 |
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Additions |
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At 31 May 2023 |
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Depreciation |
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Carrying amount |
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At 31 May 2023 |
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At 31 May 2022 |
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Included within the net book value of land and buildings above is £1,337,757 (2022 - £270,601) in respect of freehold land and buildings.
Henry Alice Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
|||
Loans and borrowings |
|
|
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Other creditors |
( |
- |
|
|
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Creditors: amounts falling due after more than one year
Note |
2023 |
2022 |
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Due after one year |
|||
Loans and borrowings |
|
- |
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Loans and borrowings |
2023 |
2022 |
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Non-current loans and borrowings |
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Bank borrowings |
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- |
2023 |
2022 |
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Current loans and borrowings |
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Other borrowings |
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Henry Alice Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023
Bank borrowings
Fixed charge on 31 Observatory Walk, Redhill |
Fixed charge on 57 The Street, Charlwood, Horley |
Related party transactions |
Summary of transactions with entities with joint control or significant interest
Repayable on demand
Summary of transactions with other related parties
Loans from related parties
2023 |
Entities with joint control or significant influence |
Other related parties |
Total |
At start of period |
|
- |
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Advanced |
|
|
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Repaid |
- |
( |
( |
At end of period |
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|
|
|
2022 |
Entities with joint control or significant influence |
Total |
Advanced |
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At end of period |
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Terms of loans from related parties