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REGISTERED NUMBER: 08517468 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Howell Estates Limited

Howell Estates Limited (Registered number: 08517468)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Howell Estates Limited

Company Information
for the Year Ended 31 March 2024







Director: W P Howell





Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB





Registered number: 08517468 (England and Wales)





Accountants: Wilson Sandford Limited
Chartered accountants
85 Church Road
Hove
East Sussex
BN3 2BB

Howell Estates Limited (Registered number: 08517468)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investment property 4 1,892,942 1,892,942

Current assets
Debtors 5 178,339 161,894
Cash at bank 5,002 1,619
183,341 163,513
Creditors: amounts falling due within
one year

6

374,170

1,953,399
Net current liabilities (190,829 ) (1,789,886 )
Total assets less current liabilities 1,702,113 103,056

Creditors: amounts falling due after
more than one year

7

(1,599,290

)

-

Provisions for liabilities (6,868 ) -
Net assets 95,955 103,056

Capital and reserves
Called up share capital 9 1 1
Fair value reserve 80,900 87,768
Retained earnings 15,054 15,287
Shareholders' funds 95,955 103,056

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Howell Estates Limited (Registered number: 08517468)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





W P Howell - Director


Howell Estates Limited (Registered number: 08517468)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Howell Estates 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 in Pound Sterling (£) and rounding is to the nearest (£).

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 and represents amounts receivable for services rendered, stated net of discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Rents received are shown gross of commissions and fees.

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued at its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Howell Estates Limited (Registered number: 08517468)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

4. Investment property
Total
£   
Cost
At 1 April 2023
and 31 March 2024 1,892,942
Net book value
At 31 March 2024 1,892,942
At 31 March 2023 1,892,942

The investment property fair value of £1,892,942 (2023 - £1,892,942) was determined by the director based on the market value of property in the area.


5. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 178,339 161,474
Other debtors - 420
178,339 161,894

Howell Estates Limited (Registered number: 08517468)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 248,243 247,624
Trade creditors 43,139 49,497
Amounts owed to group undertakings - 495,287
Other creditors 82,788 1,160,991
374,170 1,953,399

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Amounts owed to group undertakings 499,290 -
Other creditors 1,100,000 -
1,599,290 -

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 248,243 247,624

Bank loans are secured against the assets to which they relate.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary share £1 1 1

10. Related party disclosures

Within creditors is £1,174,454 (2023 - £1,159,282) owed to the director.