REGISTERED NUMBER: |
J W Hughes Property Holdings Ltd |
Unaudited Financial Statements |
for the Year Ended 31 July 2023 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Retained earnings | 10 |
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. |
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 |
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 |
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. | Investment property |
Total |
£ |
Fair value |
At 1 August 2022 |
and 31 July 2023 |
Net book value |
At 31 July 2023 |
At 31 July 2022 |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
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 |
Taxation and social security |
Other creditors |
7. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Bank loans (see note 8) |
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 |
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 |
Deficit for the year | ( |
) |
At 31 July 2023 |