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REGISTERED NUMBER: 13230913 (England and Wales)















J W Hughes Property Holdings Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2023






J W Hughes Property Holdings Ltd (Registered number: 13230913)

Contents of the Financial Statements
for the year ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J W Hughes Property Holdings Ltd

Company Information
for the year ended 31 July 2023







Directors: Mr F A Bellenger
Mr J Hughes
Mrs J Hughes
Mr D Hughes





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 13230913 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

J W Hughes Property Holdings Ltd (Registered number: 13230913)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investment property 4 1,055,000 1,055,000

Current assets
Debtors 5 1,779 911
Cash at bank 2,637 20,675
4,416 21,586
Creditors
Amounts falling due within one year 6 332,009 348,684
Net current liabilities (327,593 ) (327,098 )
Total assets less current liabilities 727,407 727,902

Creditors
Amounts falling due after more than one
year

7

727,100

727,100
Net assets 307 802

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 207 702
307 802

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

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

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 9 April 2024 and were signed on its behalf by:





Mr J Hughes - Director


J W Hughes Property Holdings Ltd (Registered number: 13230913)

Notes to the Financial Statements
for the year ended 31 July 2023


1. Statutory information

J W Hughes Property Holdings Ltd 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.

2. Accounting policies

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Turnover comprises revenue recognised by the company in respect of rents receivable.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Investment property
Total
£
Fair value
At 1 August 2022
and 31 July 2023 1,055,000
Net book value
At 31 July 2023 1,055,000
At 31 July 2022 1,055,000

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 1,779 911

J W Hughes Property Holdings Ltd (Registered number: 13230913)

Notes to the Financial Statements - continued
for the year ended 31 July 2023


6. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings 329,309 345,819
Taxation and social security - 165
Other creditors 2,700 2,700
332,009 348,684

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans (see note 8) 727,100 727,100

8. Loans

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due between two and five years:
Bank loans - 2-5 years 727,100 727,100

Paragon Bank PLC holds a fixed and floating charge over the assets of the company.

9. Called up share capital

Allotted Class: Nominal 2023 2022
Number: value: £    £
52 Ordinary A 1 52 52
12 Ordinary B 1 12 12
12 Ordinary C 1 12 12
12 Ordinary D 1 12 12
12 Ordinary E 1 12 12
100 100

10. Reserves
Retained
earnings
£

At 1 August 2022 702
Deficit for the year (495 )
At 31 July 2023 207