Company registration number 12022527 (England and Wales)
B M Howarth (Holdings) Limited
Unaudited
Financial Statements
for the year ended 31 May 2023
PAGES FOR FILING WITH REGISTRAR
B M Howarth (Holdings) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
B M Howarth (Holdings) Limited
Statement of financial position
as at 31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,250,000
1,250,000
Investments
4
3,162,072
3,211,702
4,412,072
4,461,702
Current assets
Debtors
5
1,271,982
729,887
Cash at bank and in hand
9,301,265
7,856,249
10,573,247
8,586,136
Creditors: amounts falling due within one year
6
(49,246)
(29,087)
Net current assets
10,524,001
8,557,049
Total assets less current liabilities
14,936,073
13,018,751
Provisions for liabilities
(38,757)
(38,757)
Net assets
14,897,316
12,979,994
Capital and reserves
Called up share capital
7
10,000,000
10,000,000
Profit and loss reserves
4,897,316
2,979,994
Total equity
14,897,316
12,979,994
B M Howarth (Holdings) Limited
Statement of financial position (continued)
as at 31 May 2023
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 3 November 2023 and are signed on its behalf by:
C R Moorby
Director
Company Registration No. 12022527
B M Howarth (Holdings) Limited
Notes to the financial statements
for the year ended 31 May 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Tangible fixed assets

The cost of land and buildings and associated costs are acquired for use in the furtherance of the company's principal activities are initially capitalised.

 

The carrying value of land and buildings acquired during an accounting period is adjusted at the end of that accounting period to reflect the directors' estimate of that property's open market value.

 

Following any initial adjustment to market value, no depreciation is provided on the carrying value of buildings as the directors estimate that any such amount would be immaterial due to the long useful life of the property and its residual value.

Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
B M Howarth (Holdings) Limited
Notes to the financial statements (continued)
for the year ended 31 May 2023
- 4 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2022 and 31 May 2023
1,250,000
Depreciation and impairment
At 1 June 2022 and 31 May 2023
-
0
Carrying amount
At 31 May 2023
1,250,000
At 31 May 2022
1,250,000
4
Fixed asset investments
2023
2022
£
£
Other investments other than loans
3,162,072
3,211,702
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 June 2022
3,211,702
Valuation changes
(49,630)
At 31 May 2023
3,162,072
Carrying amount
At 31 May 2023
3,162,072
At 31 May 2022
3,211,702
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,271,982
729,887
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
49,246
29,087
B M Howarth (Holdings) Limited
Notes to the financial statements (continued)
for the year ended 31 May 2023
- 5 -
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10,000,000
10,000,000
10,000,000
10,000,000
8
Controlling interest

The company was controlled throughout the year by the directors.

9
Company information

B M Howarth (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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