2022-08-012023-07-312023-07-31false02222871M. HORN & CO. LTD2024-02-0266190iso4217:GBPxbrli:pure022228712022-08-01022228712023-07-31022228712022-08-012023-07-31022228712021-08-01022228712022-07-31022228712021-08-012022-07-3102222871bus:SmallEntities2022-08-012023-07-3102222871bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3102222871bus:AbridgedAccounts2022-08-012023-07-3102222871bus:PrivateLimitedCompanyLtd2022-08-012023-07-3102222871core:WithinOneYear2023-07-3102222871core:AfterOneYear2023-07-3102222871core:WithinOneYear2022-07-3102222871core:AfterOneYear2022-07-3102222871core:ShareCapital2023-07-3102222871core:SharePremium2023-07-3102222871core:RevaluationReserve2023-07-3102222871core:OtherReservesSubtotal2023-07-3102222871core:RetainedEarningsAccumulatedLosses2023-07-3102222871core:ShareCapital2022-07-3102222871core:SharePremium2022-07-3102222871core:RevaluationReserve2022-07-3102222871core:OtherReservesSubtotal2022-07-3102222871core:RetainedEarningsAccumulatedLosses2022-07-3102222871core:LandBuildings2023-07-3102222871core:PlantMachinery2023-07-3102222871core:Vehicles2023-07-3102222871core:FurnitureFittings2023-07-3102222871core:OfficeEquipment2023-07-3102222871core:NetGoodwill2023-07-3102222871core:IntangibleAssetsOtherThanGoodwill2023-07-3102222871core:ListedExchangeTraded2023-07-3102222871core:UnlistedNon-exchangeTraded2023-07-3102222871core:LandBuildings2022-07-3102222871core:PlantMachinery2022-07-3102222871core:Vehicles2022-07-3102222871core:FurnitureFittings2022-07-3102222871core:OfficeEquipment2022-07-3102222871core:NetGoodwill2022-07-3102222871core:IntangibleAssetsOtherThanGoodwill2022-07-3102222871core:ListedExchangeTraded2022-07-3102222871core:UnlistedNon-exchangeTraded2022-07-3102222871core:LandBuildings2022-08-012023-07-3102222871core:PlantMachinery2022-08-012023-07-3102222871core:Vehicles2022-08-012023-07-3102222871core:FurnitureFittings2022-08-012023-07-3102222871core:OfficeEquipment2022-08-012023-07-3102222871core:NetGoodwill2022-08-012023-07-3102222871core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3102222871core:ListedExchangeTraded2022-08-012023-07-3102222871core:UnlistedNon-exchangeTraded2022-08-012023-07-3102222871core:MoreThanFiveYears2022-08-012023-07-3102222871core:Non-currentFinancialInstruments2023-07-3102222871core:Non-currentFinancialInstruments2022-07-3102222871dpl:CostSales2022-08-012023-07-3102222871dpl:DistributionCosts2022-08-012023-07-3102222871core:LandBuildings2022-08-012023-07-3102222871core:PlantMachinery2022-08-012023-07-3102222871core:Vehicles2022-08-012023-07-3102222871core:FurnitureFittings2022-08-012023-07-3102222871core:OfficeEquipment2022-08-012023-07-3102222871dpl:AdministrativeExpenses2022-08-012023-07-3102222871core:NetGoodwill2022-08-012023-07-3102222871core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3102222871dpl:GroupUndertakings2022-08-012023-07-3102222871dpl:ParticipatingInterests2022-08-012023-07-3102222871dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3102222871core:ListedExchangeTraded2022-08-012023-07-3102222871dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3102222871core:UnlistedNon-exchangeTraded2022-08-012023-07-3102222871dpl:CostSales2021-08-012022-07-3102222871dpl:DistributionCosts2021-08-012022-07-3102222871core:LandBuildings2021-08-012022-07-3102222871core:PlantMachinery2021-08-012022-07-3102222871core:Vehicles2021-08-012022-07-3102222871core:FurnitureFittings2021-08-012022-07-3102222871core:OfficeEquipment2021-08-012022-07-3102222871dpl:AdministrativeExpenses2021-08-012022-07-3102222871core:NetGoodwill2021-08-012022-07-3102222871core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3102222871dpl:GroupUndertakings2021-08-012022-07-3102222871dpl:ParticipatingInterests2021-08-012022-07-3102222871dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3102222871core:ListedExchangeTraded2021-08-012022-07-3102222871dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3102222871core:UnlistedNon-exchangeTraded2021-08-012022-07-3102222871core:NetGoodwill2023-07-3102222871core:IntangibleAssetsOtherThanGoodwill2023-07-3102222871core:LandBuildings2023-07-3102222871core:PlantMachinery2023-07-3102222871core:Vehicles2023-07-3102222871core:FurnitureFittings2023-07-3102222871core:OfficeEquipment2023-07-3102222871core:AfterOneYear2023-07-3102222871core:WithinOneYear2023-07-3102222871core:ListedExchangeTraded2023-07-3102222871core:UnlistedNon-exchangeTraded2023-07-3102222871core:ShareCapital2023-07-3102222871core:SharePremium2023-07-3102222871core:RevaluationReserve2023-07-3102222871core:OtherReservesSubtotal2023-07-3102222871core:RetainedEarningsAccumulatedLosses2023-07-3102222871core:NetGoodwill2022-07-3102222871core:IntangibleAssetsOtherThanGoodwill2022-07-3102222871core:LandBuildings2022-07-3102222871core:PlantMachinery2022-07-3102222871core:Vehicles2022-07-3102222871core:FurnitureFittings2022-07-3102222871core:OfficeEquipment2022-07-3102222871core:AfterOneYear2022-07-3102222871core:WithinOneYear2022-07-3102222871core:ListedExchangeTraded2022-07-3102222871core:UnlistedNon-exchangeTraded2022-07-3102222871core:ShareCapital2022-07-3102222871core:SharePremium2022-07-3102222871core:RevaluationReserve2022-07-3102222871core:OtherReservesSubtotal2022-07-3102222871core:RetainedEarningsAccumulatedLosses2022-07-3102222871core:NetGoodwill2021-08-0102222871core:IntangibleAssetsOtherThanGoodwill2021-08-0102222871core:LandBuildings2021-08-0102222871core:PlantMachinery2021-08-0102222871core:Vehicles2021-08-0102222871core:FurnitureFittings2021-08-0102222871core:OfficeEquipment2021-08-0102222871core:AfterOneYear2021-08-0102222871core:WithinOneYear2021-08-0102222871core:ListedExchangeTraded2021-08-0102222871core:UnlistedNon-exchangeTraded2021-08-0102222871core:ShareCapital2021-08-0102222871core:SharePremium2021-08-0102222871core:RevaluationReserve2021-08-0102222871core:OtherReservesSubtotal2021-08-0102222871core:RetainedEarningsAccumulatedLosses2021-08-0102222871core:AfterOneYear2022-08-012023-07-3102222871core:WithinOneYear2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:CostValuation2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3102222871core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3102222871core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3102222871core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3102222871core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3102222871core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3102222871core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3102222871core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3102222871core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3102222871core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3102222871core:Non-currentFinancialInstrumentscore:CostValuation2022-07-3102222871core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-3102222871core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-3102222871core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-3102222871core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-3102222871core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-3102222871core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-3102222871core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-3102222871core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-3102222871bus:Director12022-08-012023-07-3102222871bus:Director22022-08-012023-07-31

M. HORN & CO. LTD

Registered Number
02222871
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

M. HORN & CO. LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

HORN, Barbara
HORN, Mark Philip Malcolm

Company Secretary

HORN, Barbara

Registered Address

109 North Road
Bourne
Lincolnshire
PE10 9BU

Registered Number

02222871 (England and Wales)
M. HORN & CO. LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets52,915-
2,915-
Current assets
Debtors-4,095
Current asset investments1,538,8211,535,955
Cash at bank and on hand116,74056,037
1,655,5611,596,087
Creditors amounts falling due within one year7(52,132)(46,868)
Net current assets (liabilities)1,603,4291,549,219
Total assets less current liabilities1,606,3441,549,219
Provisions for liabilities(149,418)(148,873)
Net assets1,456,9261,400,346
Capital and reserves
Called up share capital50,00050,000
Revaluation reserve230,769228,447
Profit and loss account1,176,1571,121,899
Shareholders' funds1,456,9261,400,346
The financial statements were approved and authorised for issue by the Board of Directors on 2 February 2024, and are signed on its behalf by:
HORN, Barbara
Director
HORN, Mark Philip Malcolm
Director

Registered Company No. 02222871
M. HORN & CO. LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Deferred tax policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Total

£
Cost or valuation
Additions3,886
At 31 July 233,886
Depreciation and impairment
Charge for year971
At 31 July 23972
Net book value
At 31 July 232,915
At 31 July 22-
6.Debtors within one year

2023

2022

££
Trade debtors / trade receivables-4,095
Total-4,095
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.
7.Creditors within one year

2023

2022

££
Amounts owed to related parties39,32439,324
Taxation and social security12,4767,241
Accrued liabilities and deferred income332303
Total52,13246,868
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.
8.Creditors after one year