REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st May 2023 |
for |
Horton House's Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st May 2023 |
for |
Horton House's Ltd |
Horton House's Ltd (Registered number: 12594400) |
Contents of the Financial Statements |
for the Year Ended 31st May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Horton House's Ltd |
Company Information |
for the Year Ended 31st May 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
29 High Street |
Blue Town |
SHEERNESS |
Kent |
ME12 1RN |
Horton House's Ltd (Registered number: 12594400) |
Balance Sheet |
31st May 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Stocks |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
Horton House's Ltd (Registered number: 12594400) |
Balance Sheet - continued |
31st May 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Horton House's Ltd (Registered number: 12594400) |
Notes to the Financial Statements |
for the Year Ended 31st May 2023 |
1. | STATUTORY INFORMATION |
Horton House's Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
Horton House's Ltd (Registered number: 12594400) |
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st June 2022 |
Additions |
Revaluations | 21,594 |
At 31st May 2023 |
NET BOOK VALUE |
At 31st May 2023 |
At 31st May 2022 |
Fair value at 31st May 2023 is represented by: |
£ |
Valuation in 2023 | 21,594 |
Cost | 198,406 |
220,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 198,406 | - |
Aggregate depreciation | (3,968 | ) | - |
investment property was valued on an open market basis on 4th October 2022 by Fleet Mortgages . |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
Horton House's Ltd (Registered number: 12594400) |
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
2023 | 2022 |
£ | £ |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
Fleet Mortgages Limited hold a mortgage deed dated 3 October 2022 over the Company's investment property, 31 Stanley Avenue, Queenborough Kent. |
8. | RESERVES |
Fair |
value |
reserve |
£ |
Investment property | 21,594 |
Deferred tax | (4,103 | ) |
At 31st May 2023 |
9. | RELATED PARTY DISCLOSURES |
Included in creditors is an amount owed to the Company's director for £77,170, This amount is repayable on demand. |