Registered number
NI006726
H&H Gordon (Strabane) Limited
Unaudited Filleted Accounts
31 January 2024
H&H Gordon (Strabane) Limited
Registered number: NI006726
Directors' Report
The directors present their report and accounts for the year ended 31 January 2024.
Principal activities
The company's principal activity during the year continued to be investment.
Directors
The following persons served as directors during the year:
William Gordon
Dorothy Gordon
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 April 2024 and signed on its behalf.
______________________
William Gordon
Director
H&H Gordon (Strabane) Limited
Registered number: NI006726
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 610 718
Investments 4 297,353 292,456
297,963 293,174
Current assets
Debtors 5 - 470
Cash at bank and in hand 1,316,942 1,295,342
1,316,942 1,295,812
Creditors: amounts falling due within one year 6 (23,311) (18,480)
Net current assets 1,293,631 1,277,332
Total assets less current liabilities 1,591,594 1,570,506
Provisions for liabilities (34,562) (33,631)
Net assets 1,557,032 1,536,875
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 1,547,032 1,526,875
Shareholders' funds 1,557,032 1,536,875
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
______________________
William Gordon
Director
Approved by the board on 10 April 2024
H&H Gordon (Strabane) Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Average number of employees - -
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 February 2023 30,003
At 31 January 2024 30,003
Depreciation
At 1 February 2023 29,285
Charge for the year 108
At 31 January 2024 29,393
Net book value
At 31 January 2024 610
At 31 January 2023 718
4 Investments
Other
investments
£
Cost
At 1 February 2023 292,456
Revaluation 4,897
At 31 January 2024 297,353
Historical cost
At 1 February 2023 115,471
At 31 January 2024 115,471
Other investments consist of listed investments. These listed investments are revalued and included at fair value. Revaluations are based on London Stock Exchange valuations of the investments at the year end per the London Stock Exchange.
5 Debtors 2024 2023
£ £
Trade debtors - 470
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,621 1,121
Taxation and social security costs 5,836 1,504
Other creditors 15,854 15,855
23,311 18,480
7 Related party transactions
Directors loans outstanding to the company from the directors amount to £15,854 at the year end. (2023 : £15,855)
8 Controlling party
William Gordon (director) is the ultimate controlling party of the company.
9 Other information
H&H Gordon (Strabane) Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is 17 Ballyheather Road, Strabane, Co. Tyrone, BT82 8BD.
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