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REGISTERED NUMBER: 10518513 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 December 2023

for

Herschell Props Limited

Herschell Props Limited (Registered number: 10518513)

Contents of the Financial Statements
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Herschell Props Limited

Company Information
For The Year Ended 31 December 2023







DIRECTOR: S S Herschell





SECRETARY:





REGISTERED OFFICE: Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN





REGISTERED NUMBER: 10518513 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

Herschell Props Limited (Registered number: 10518513)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,871 4,838

CURRENT ASSETS
Debtors 5 39,495 40,969
Cash at bank and in hand 4,355 3,469
43,850 44,438
CREDITORS
Amounts falling due within one year 6 43,359 44,642
NET CURRENT ASSETS/(LIABILITIES) 491 (204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,362

4,634

CREDITORS
Amounts falling due after more than
one year

7

4,253

4,253
NET ASSETS 109 381

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 9 8 280
SHAREHOLDERS' FUNDS 109 381

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Herschell Props Limited (Registered number: 10518513)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 19 August 2024 and were signed by:





S S Herschell - Director


Herschell Props Limited (Registered number: 10518513)

Notes to the Financial Statements
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Herschell Props 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Herschell Props Limited (Registered number: 10518513)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 12,463 2,600 15,063
DEPRECIATION
At 1 January 2023 8,492 1,733 10,225
Charge for year 794 173 967
At 31 December 2023 9,286 1,906 11,192
NET BOOK VALUE
At 31 December 2023 3,177 694 3,871
At 31 December 2022 3,971 867 4,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 1,967 5,100
Other debtors 2,811 1,153
Directors' current accounts 34,717 34,716
39,495 40,969

Herschell Props Limited (Registered number: 10518513)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 8,206 17,402
Trade creditors - 90
Tax 31,398 21,494
s455 Corporation Tax payable 2,811 1,153
Social security and other taxes (305 ) 62
VAT 979 4,171
Accrued expenses 270 270
43,359 44,642

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans - 2-5 years 4,253 4,253

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
100 Ordinary 'A' £1 100 100
1 Ordinary 'B' £1 1 1
101 101

9. RESERVES
Retained
earnings
£   

At 1 January 2023 280
Profit for the year 43,468
Dividends (43,740 )
At 31 December 2023 8