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REGISTERED NUMBER: 13525402 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR


H&H PROPERTY (TODMORDEN) LIMITED


H&H PROPERTY (TODMORDEN) LIMITED (REGISTERED NUMBER: 13525402)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




H&H PROPERTY (TODMORDEN) LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2024









DIRECTORS:

Mrs J Whitehead


T J Whitehead


Mrs A E Halstead


P J C May


Mrs A V Whitehead







REGISTERED OFFICE:

Salford Works


Salford Way


Off Rochdale Road


Todmorden


OL14 7LF







REGISTERED NUMBER:

13525402 (England and Wales)







ACCOUNTANTS:

Cresswells


12 Market Street


Hebden Bridge


West Yorkshire


HX7 6AD


H&H PROPERTY (TODMORDEN) LIMITED (REGISTERED NUMBER: 13525402)


BALANCE SHEET

31ST MARCH 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Investment property

4

3,076,361


147,361




CURRENT ASSETS

Debtors

5

1,381


1,482



Cash at bank

32,801


58,358



34,182


59,840



CREDITORS

Amounts falling due within one year

6

889,255


204,189



NET CURRENT LIABILITIES

(855,073

)

(144,349

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

2,221,288


3,012




PROVISIONS FOR LIABILITIES

504,011


-



NET ASSETS

1,717,277


3,012




CAPITAL AND RESERVES

Called up share capital

7

100


100



Fair value reserve

8

1,512,032


-



Retained earnings

8

205,145


2,912



SHAREHOLDERS' FUNDS

1,717,277


3,012




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 9th August 2024 and were signed on its behalf by:






T J Whitehead - Director



H&H PROPERTY (TODMORDEN) LIMITED (REGISTERED NUMBER: 13525402)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024


1.

STATUTORY INFORMATION



H&H Property (Todmorden) Limited 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.


The presentation currency of the financial statements is the Pound Sterling (£).


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.    



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.


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 4 (2023 - 4 ) .


4.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1st April 2023

147,361




Additions

912,957




Revaluations

2,016,043




At 31st March 2024

3,076,361




NET BOOK VALUE


At 31st March 2024

3,076,361




At 31st March 2023

147,361




H&H PROPERTY (TODMORDEN) LIMITED (REGISTERED NUMBER: 13525402)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024


4.

INVESTMENT PROPERTY - continued



Fair value at 31st March 2024 is represented by:

£   



Valuation in 2024

2,016,043




Cost

1,060,318



3,076,361




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Other debtors

364


-




Prepayments and accrued income

1,017


1,482



1,381


1,482




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Amounts owed to group undertakings

867,368


202,424




Tax

1,583


683




Other creditors

1,625


-




Directors remuneration unpaid

18,200


-




Accrued expenses

479


1,082



889,255


204,189




7.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



100

Ordinary

£1

100


100




8.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1st April 2023

2,912


-


2,912




Profit for the year

202,233


202,233




Fair value adjustment

-


1,512,032


1,512,032




At 31st March 2024

205,145


1,512,032


1,717,177




9.

CONTINGENT LIABILITIES



The company's bankers hold a letter of set-off between the company and other group undertakings.



The company's bankers also hold an unlimited guarantee from a group undertaking for facilities granted to the company.


10.

RELATED PARTY DISCLOSURES



Part of the  company's  freehold  land and  buildings  are occupied  by group undertaking. Rent of £210,750 has been charges during the  year (2023:Nil).