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REGISTERED NUMBER: 00275938 (England and Wales)















JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTORS: Mr W A Holdsworth
Mr M J Campbell
Mr D M Campbell
Mr J A Holdsworth
Mrs A Holdsworth



SECRETARY: Mr M J Campbell



REGISTERED OFFICE: Unit 1 Holme Mills
West Slaithwaite Road
Marsden
Huddersfield
West Yorkshire
HD7 6LS



REGISTERED NUMBER: 00275938 (England and Wales)



ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS



BANKERS: Handelsbanken
12 Longbow Close
Pennine Business Park
Bradley
Huddersfield
HD2 1GQ

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,803 4,307
Investments 5 10 10
Investment property 6 2,840,000 2,925,000
2,843,813 2,929,317

CURRENT ASSETS
Debtors 7 239,546 187,523
Cash at bank 25,675 89,321
265,221 276,844
CREDITORS
Amounts falling due within one year 8 (293,363 ) (191,082 )
NET CURRENT (LIABILITIES)/ASSETS (28,142 ) 85,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,815,671

3,015,079

CREDITORS
Amounts falling due after more than one
year

9

(610,000

)

(650,000

)
NET ASSETS 2,205,671 2,365,079

CAPITAL AND RESERVES
Called up share capital 11,060 11,060
Non-distributable reserve 11 537,610 535,487
Retained earnings 1,657,001 1,818,532
SHAREHOLDERS' FUNDS 2,205,671 2,365,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

BALANCE SHEET - continued
31 August 2023


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 31 January 2024 and were signed on its behalf by:




Mr W A Holdsworth - Director



Mr M J Campbell - Director


JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023


1. STATUTORY INFORMATION

James Holdsworth & Brothers Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rents and service charges, excluding value added tax, recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 8,403
Additions 1,627
At 31 August 2023 10,030
DEPRECIATION
At 1 September 2022 4,096
Charge for year 2,131
At 31 August 2023 6,227
NET BOOK VALUE
At 31 August 2023 3,803
At 31 August 2022 4,307

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 September 2022
and 31 August 2023 10
NET BOOK VALUE
At 31 August 2023 10
At 31 August 2022 10

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 2,925,000
Additions 65,000
Disposals (150,000 )
At 31 August 2023 2,840,000
NET BOOK VALUE
At 31 August 2023 2,840,000
At 31 August 2022 2,925,000

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


6. INVESTMENT PROPERTY - continued

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 2,840,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,302,391 2,389,514

Investment properties were valued on an open market basis on 31 August 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 93,921 75,411
Other debtors 145,625 112,112
239,546 187,523

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 164,698 75,513
Taxation and social security 12,363 10,262
Other creditors 76,302 65,307
293,363 191,082

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 610,000 650,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 450,000 490,000

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 650,000 690,000

Handelsbanken PLC holds an unlimited guarantee for James Holdsworth & Brothers Group Limited. The guarantee is secured by a fixed and floating charge on the property, assets and undertakings of the group.

The Coronavirus Business Interruption Loan is partly secured under government backed initiatives and against company assets.

11. RESERVES
Non-distribut
reserve
£   
At 1 September 2022 535,487
Revaluation 2,123

At 31 August 2023 537,610

12. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £7,613 (2022 £3,771) were outstanding at the year end.

A loan of £128,967 (2022 £112,112) was owing in the year from Townend Weaving Huddersfield Limited on an interest free basis and is due under one year when funds permit. James Holdsworth & Brothers Group Ltd hold shares in Townend Weaving Huddersfield Ltd.