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REGISTERED NUMBER: 12348210 (England and Wales)















Horan Construction Holdings Limited

Financial Statements for the Year Ended 31 December 2023






Horan Construction Holdings Limited (Registered number: 12348210)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Horan Construction Holdings Limited

Company Information
for the Year Ended 31 December 2023







Directors: A M Evans
B F O'Donovan
K Sheppard
C Williams
R Bailey





Registered office: Horan House
Seawall Road
Cardiff
United Kingdom
CF24 5TH





Registered number: 12348210 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Horan Construction Holdings Limited (Registered number: 12348210)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
Fixed assets
Investments 4 6,500,020 6,500,020

Current assets
Debtors 5 380 380
Cash at bank 9,951 750,069
10,331 750,449
Creditors
Amounts falling due within one year 6 (230 ) (950,230 )
Net current assets/(liabilities) 10,101 (199,781 )
Total assets less current liabilities 6,510,121 6,300,239

Creditors
Amounts falling due after more than one year 7 - (740,000 )
Net assets 6,510,121 5,560,239

Capital and reserves
Called up share capital 400 400
Retained earnings 6,509,721 5,559,839
Shareholders' funds 6,510,121 5,560,239

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 6 May 2024 and were signed on its behalf by:





B F O'Donovan - Director


Horan Construction Holdings Limited (Registered number: 12348210)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Horan Construction Holdings 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.

Preparation of consolidated financial statements
The financial statements contain information about Horan Construction Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Going concern
The directors believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. They have considered a period of twelve months from the date of approval of the financial statements.

Horan Construction Holdings Limited (Registered number: 12348210)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued

Investments
Investments in subsidiary undertakings are recognised at cost.

Financial Instruments
Financial instruments are recognised in the companys balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments discounted at the market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2023
and 31 December 2023 6,500,020
Net book value
At 31 December 2023 6,500,020
At 31 December 2022 6,500,020

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 380 380

Horan Construction Holdings Limited (Registered number: 12348210)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Deferred Consideration - 750,000
Directors' current accounts 230 200,230
230 950,230

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Deferred consideration - 740,000

8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

9. Directors' advances, credits and guarantees

The following advances and credits from directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
K Sheppard
Balance outstanding at start of year 24,500 24,500
Amounts repaid (24,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,500

B F O'Donovan
Balance outstanding at start of year 102,230 102,130
Amounts advanced - 100
Amounts repaid (102,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 230 102,230

A M Evans
Balance outstanding at start of year 24,500 24,500
Amounts repaid (24,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,500

R Bailey
Balance outstanding at start of year 24,500 24,500
Amounts repaid (24,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,500

Horan Construction Holdings Limited (Registered number: 12348210)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. Directors' advances, credits and guarantees - continued

C Williams
Balance outstanding at start of year 24,500 24,500
Amounts repaid (24,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 24,500

10. Related party disclosures

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.

11. Ultimate controlling party

All class of shares rank pari passu in all respects. There is no ultimate controlling party.