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REGISTERED NUMBER: 10429746 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 JUNE 2022 TO 30 JUNE 2023

FOR

HORSHAM HOLDINGS LTD

HORSHAM HOLDINGS LTD (REGISTERED NUMBER: 10429746)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 30 JUNE 2022 TO 30 JUNE 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


HORSHAM HOLDINGS LTD (REGISTERED NUMBER: 10429746)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 5 2,486,605 2,490,189
Cash at bank 17 306
2,486,622 2,490,495
CREDITORS
Amounts falling due within one year 6 2,767,740 2,697,386
NET CURRENT LIABILITIES (281,118 ) (206,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(281,018

)

(206,791

)

CREDITORS
Amounts falling due after more than one
year

7

44,123

47,123
NET LIABILITIES (325,141 ) (253,914 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (325,241 ) (254,014 )
(325,141 ) (253,914 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 26 March 2024 and were signed on its behalf by:





Mr S T Savage - Director


HORSHAM HOLDINGS LTD (REGISTERED NUMBER: 10429746)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 30 JUNE 2022 TO 30 JUNE 2023

1. STATUTORY INFORMATION

Horsham Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10429746

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Preparation of consolidated financial statements
The financial statements contain information about Horsham Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairment.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


HORSHAM HOLDINGS LTD (REGISTERED NUMBER: 10429746)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 30 JUNE 2022 TO 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 June 2022
and 30 June 2023 100
NET BOOK VALUE
At 30 June 2023 100
At 29 June 2022 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,478,257 2,477,566
Other debtors 8,348 12,623
2,486,605 2,490,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,487 2,876
Trade creditors 393,229 461,536
Amounts owed to group undertakings 1,894,371 1,766,781
Other creditors 473,653 466,193
2,767,740 2,697,386

HORSHAM HOLDINGS LTD (REGISTERED NUMBER: 10429746)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 30 JUNE 2022 TO 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 44,123 47,123

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,156 22,772

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in other debtors due within one year is an amount of £4,200 (2022: £4,200) owed from connected companies under common control. The amount is interest free and repayable on demand.

Included in other creditors due within one year is an amount of £131,247 (2022: £128,020) owed to connected companies under common control. Also, included in other creditors due within one year is an amount of £5,351 (2022: £917) due to the directors of the company. The amount is interest free and repayable on demand.The loans were interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Oxford Property Investments Ltd, a company incorporated in England and
Wales, by virtue of his 100% shareholding in the company.