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Registration number: 13378057

Henry Alice Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Henry Alice Holdings Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 11

 

Henry Alice Holdings Limited

Company Information

Directors

Mr John Daly

Mrs Elizabeth Anne Daly

Registered office

111 The Street
Charlwood
Surrey
RH6 0EE

Accountants

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

 

Henry Alice Holdings Limited

Directors' Report for the Year Ended 31 May 2023

The directors present their report and the financial statements for the year ended 31 May 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr John Daly

Mrs Elizabeth Anne Daly

Principal activity

The principal activity of the company is property

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 January 2024 and signed on its behalf by:
 

.........................................
Mr John Daly
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Henry Alice Holdings Limited
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Henry Alice Holdings Limited for the year ended 31 May 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Henry Alice Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Henry Alice Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Henry Alice Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Henry Alice Holdings Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Henry Alice Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Henry Alice Holdings Limited. You consider that Henry Alice Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Henry Alice Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

22 January 2024

 

Henry Alice Holdings Limited

Profit and Loss Account for the Year Ended 31 May 2023

Note

2023
£

2022
£

Turnover

 

33,899

8,642

Gross profit

 

33,899

8,642

Administrative expenses

 

(6,138)

(21,206)

Operating profit/(loss)

 

27,761

(12,564)

Interest payable and similar expenses

 

(28,873)

-

Loss before tax

(1,112)

(12,564)

Loss for the financial year

 

(1,112)

(12,564)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Henry Alice Holdings Limited

Statement of Comprehensive Income for the Year Ended 31 May 2023

2023
£

2022
£

Loss for the year

(1,112)

(12,564)

Total comprehensive income for the year

(1,112)

(12,564)

 

Henry Alice Holdings Limited

(Registration number: 13378057)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

1,337,757

270,601

Current assets

 

Cash at bank and in hand

 

11,166

7,435

Creditors: Amounts falling due within one year

4

(531,442)

(290,500)

Net current liabilities

 

(520,276)

(283,065)

Total assets less current liabilities

 

817,481

(12,464)

Creditors: Amounts falling due after more than one year

4

(831,057)

-

Net liabilities

 

(13,576)

(12,464)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(13,676)

(12,564)

Shareholders' deficit

 

(13,576)

(12,464)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 January 2024 and signed on its behalf by:
 

.........................................
Mr John Daly
Director

 

Henry Alice Holdings Limited

Statement of Changes in Equity for the Year Ended 31 May 2023

Share capital
£

Retained earnings
£

Total
£

At 1 June 2022

100

(12,564)

(12,464)

Loss for the year

-

(1,112)

(1,112)

At 31 May 2023

100

(13,676)

(13,576)

Share capital
£

Retained earnings
£

Total
£

Loss for the year

-

(12,564)

(12,564)

New share capital subscribed

100

-

100

At 31 May 2022

100

(12,564)

(12,464)

 

Henry Alice Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

In accordance with the property

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

 

Henry Alice Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 June 2022

270,601

270,601

Additions

1,067,156

1,067,156

At 31 May 2023

1,337,757

1,337,757

Depreciation

Carrying amount

At 31 May 2023

1,337,757

1,337,757

At 31 May 2022

270,601

270,601

Included within the net book value of land and buildings above is £1,337,757 (2022 - £270,601) in respect of freehold land and buildings.
 

 

Henry Alice Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

531,443

290,500

Other creditors

 

(1)

-

 

531,442

290,500

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

831,057

-

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

6

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

831,057

-

2023
£

2022
£

Current loans and borrowings

Other borrowings

531,443

290,500

 

Henry Alice Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Bank borrowings

United Trust Bank Limited is denominated in GBP with a nominal interest rate of 4.5%, and the final instalment is due on 24 February 2048. The carrying amount at year end is £155,999 (2022 - £Nil).

Fixed charge on 31 Observatory Walk, Redhill

Onesavings Bank plc is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 25 October 2047. The carrying amount at year end is £675,057 (2022 - £Nil).

Fixed charge on 57 The Street, Charlwood, Horley

7

Related party transactions

Summary of transactions with entities with joint control or significant interest

Bear and Bunny Nursery Limited
 Loan to Henry Alice Ltd
 Repayable on demand
 

Summary of transactions with other related parties

John & Elizabeth Daly (directors and shareholders)
 The company purchased a property (57 The Street, Charlwood, Horley) from Mr & Mrs Daly for a valuation of £930,000
 

Loans from related parties

2023

Entities with joint control or significant influence
£

Other related parties
£

Total
£

At start of period

290,500

-

290,500

Advanced

66,000

930,000

996,000

Repaid

-

(755,057)

(755,057)

At end of period

356,500

174,943

531,443

2022

Entities with joint control or significant influence
£

Total
£

Advanced

290,500

290,500

At end of period

290,500

290,500

Terms of loans from related parties

Repayable upon demand