2021-12-312022-12-302022-12-30false11734487The Historic Buildings Company 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The Historic Buildings Company Limited

(formerly HIGH HEAD LTD)

Registered Number
11734487
(England and Wales)

Unaudited Financial Statements for the Year ended
30 December 2022

The Historic Buildings Company Limited
Company Information
for the year from 31 December 2021 to 30 December 2022

Director

Edward Ben Salter

Registered Address

Lynton House
7-12 Tavistock Square
London
WC1H 9BQ

Registered Number

11734487 (England and Wales)
The Historic Buildings Company Limited
Statement of Financial Position
30 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Investment property3766,756490,911
766,756490,911
Creditors amounts falling due within one year4(684,498)(488,761)
Net current assets (liabilities)(684,498)(488,761)
Total assets less current liabilities82,2582,150
Net assets82,2582,150
Capital and reserves
Called up share capital1010
Profit and loss account82,2482,140
Shareholders' funds82,2582,150
The financial statements were approved and authorised for issue by the Director on 21 February 2024, and are signed on its behalf by:
Edward Ben Salter
Director
Registered Company No. 11734487
The Historic Buildings Company Limited
Notes to the Financial Statements
for the year ended 30 December 2022

1.Accounting policies
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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Trade and other debtors
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20222021
Average number of employees during the year00
3.Investment property

£
Fair value at 31 December 21490,911
Additions275,845
At 30 December 22766,756
4.Creditors: amounts due within one year

2022

2021

££
Amounts owed to related parties643,636402,229
Taxation and social security18,791502
Other creditors12,47178,830
Accrued liabilities and deferred income9,6007,200
Total684,498488,761