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Company No: 10920540 (England and Wales)

HENLEY HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

HENLEY HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

HENLEY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
HENLEY HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 243,414 264,298
Investments 4 604,850 604,850
848,264 869,148
Current assets
Debtors 5 1,475 3,477
Cash at bank and in hand 1,852 18,327
3,327 21,804
Creditors: amounts falling due within one year 6 ( 319,269) ( 471,115)
Net current liabilities (315,942) (449,311)
Total assets less current liabilities 532,322 419,837
Creditors: amounts falling due after more than one year 7 ( 120,000) ( 120,000)
Net assets 412,322 299,837
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 412,222 299,737
Total shareholders' funds 412,322 299,837

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Henley Holdings Limited (registered number: 10920540) were approved and authorised for issue by the Director on 09 March 2024. They were signed on its behalf by:

Mr M A S Pitts
Director
HENLEY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
HENLEY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Henley Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Market House, 33 Market Place, Henley-On-Thames, RG9 2AA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:

Vehicles 4 - 50 years straight line
Fixtures and fittings 5 years straight line
Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Valuation of Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 January 2023 272,362 620 2,000 274,982
Disposals ( 14,800) 0 0 ( 14,800)
At 31 December 2023 257,562 620 2,000 260,182
Accumulated depreciation
At 01 January 2023 10,493 124 67 10,684
Charge for the financial year 9,260 124 400 9,784
Disposals ( 3,700) 0 0 ( 3,700)
At 31 December 2023 16,053 248 467 16,768
Net book value
At 31 December 2023 241,509 372 1,533 243,414
At 31 December 2022 261,869 496 1,933 264,298

4. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 604,850
At 31 December 2023 604,850
Carrying value at 31 December 2023 604,850
Carrying value at 31 December 2022 604,850

5. Debtors

2023 2022
£ £
Prepayments 0 231
VAT recoverable 1,475 3,246
1,475 3,477

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 469 1,746
Amounts owed to Group undertakings 34,181 107,917
Amounts owed to directors 272,426 355,191
Taxation and social security 11,886 5,854
Other creditors 307 407
319,269 471,115

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 120,000 120,000

The small entity has not provided security to any of the amounts included in other creditors.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50,000 Ordinary A shares of £ 0.001 each 50 50
50,000 Ordinary B shares of £ 0.001 each 50 50
100 100
120,000 Preference B shares of £ 1.00 each 120,000 120,000
120,100 120,100

9. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to other Directors 272,426 355,191

All amounts are interest free and have no fixed date for repayment.

The Company has taken advantage of the exemption available under FRS 102 section 1.A.C 35 to not disclose transactions within a wholly owned group.