Registered number
11030596
Healey House Holdings Ltd
Filleted Accounts
for the period ended 31 March 2023
Healey House Holdings Ltd
Registered number: 11030596
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Property, plant and equipment 3 33,094 45,207
Investment property 4 - 1,700,000
33,094 1,745,207
Current assets
Stocks - 720
Debtors 5 1,705,313 54,423
Cash at bank and in hand 18,422 17,746
1,723,735 72,889
Creditors: amounts falling due within one year 6 (1,544,819) (29,234)
Net current assets 178,916 43,655
Total assets less current liabilities 212,010 1,788,862
Creditors: amounts falling due after more than one year 7 (27,052) (1,462,284)
Provisions for liabilities - (62,578)
Net assets 184,958 264,000
Capital and reserves
Called up share capital 1 1
Profit and loss account 184,957 263,999
Shareholders' funds 184,958 264,000
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G A Lindley
Director
Approved by the board on 28 December 2023
Healey House Holdings Ltd
Notes to the Accounts
for the period from 1 July 2022 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% on reducing balance
Fixtures, fittings, tools and equipment 10% on reducing balance
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 July 2022 70,026
Disposals (15,360)
At 31 March 2023 54,666
Depreciation
At 1 July 2022 24,819
Charge for the period 2,697
On disposals (5,944)
At 31 March 2023 21,572
Net book value
At 31 March 2023 33,094
At 30 June 2022 45,207
4 Investments
Investment
property
£
Cost
At 1 July 2022 1,700,000
Disposals (1,700,000)
At 31 March 2023 -
Historical cost
At 1 July 2022 1,356,684
5 Debtors 2023 2022
£ £
Other debtors 1,705,313 54,423
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 724,162 4,162
Trade creditors - 14,476
Taxation and social security costs 61,008 2
Other creditors 759,649 10,594
1,544,819 29,234
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 27,052 940,173
Other creditors - 522,111
27,052 1,462,284
8 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years - 1,432,111
Instalments falling due for payment after more than five years 10,405 13,526
10,405 1,445,637
Secured bank loans 720,000 910,000
During the accounting period, The Cumberland Building Society had a fixed and floating charge over all the property and undertaking of the company.
9 Events after the reporting date
An unconditional contract was agreed for the sale of the freehold investment property on 23 March 2023 and the agreed price of £1,700,000 is included in debtors. The completion took place on 6 April 2023.

On 6 April 2023 the company repaid the outstanding loan of £720,000 to The Cumberland Building Society and the directors were released from the personal guarantee they had provided. The fixed and floating charge was also satisfied.

On 5 April 2023 it was resolved that an interim dividend of £80 per share be voted to all ordinary shareholders.
10 Related party transactions
The company has a loan from Mr G A Lindley, a director. The director charges interest on the loan and accrued interest charges of £25,066 were unpaid to the director and outstanding at the accounting date. The total interest expense on the loan to the company during the accounting period was £25,066 (2022 : £24,080). The total amount owed by the company at the accounting date is £362,144 (2022 : £386,088). There are no fixed terms for repayment.
The company has a loan from Mrs J V Lindley, a director. The director charges interest on the loan and accrued interest charges of £8,752 were unpaid to the director and outstanding at the accounting date. The total interest expense on the loan to the company during the accounting period was £8,752 (2022 : £7,767). The total amount owed by the company at the accounting date is £131,303 (2022 : £136,023). There are no fixed terms for repayment.
Brown Royd Accountants Ltd is a connected company by virtue of Mr G A Lindley, a director, owning a 100% shareholding in Brown Royd Accountants Ltd, and a 50% shareholding in the company. The company had a loan with Brown Royd Accountants Ltd. The loan is interest free and there are no fixed terms for repayment. The total owed by the company at the accounting date is £205,000 (2022 : nil)
Mr G A Lindley & Mrs J V Lindley, the directors, provided a personal guarantee to The Cumberland Building Society to secure borrowings by the company.
11 Other information
Healey House Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
41 Church Lane
South Crosland
Huddersfield
West Yorkshire
HD4 7DD
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