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REGISTERED NUMBER: 00639235















Unaudited Financial Statements for the Year Ended 31 December 2023

for

H. & C. (Worthing) Limited

H. & C. (Worthing) Limited (Registered number: 00639235)

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


H. & C. (Worthing) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Malcolm James Hutchby
Robert John Hutchby
David Jonathan Hutchby
Susannah Jane Hutchby





SECRETARY:





REGISTERED OFFICE: Temple Chambers
16a Belvoir Road
COALVILLE
Leicestershire
LE67 3QE





REGISTERED NUMBER: 00639235





ACCOUNTANTS: Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE

H. & C. (Worthing) Limited (Registered number: 00639235)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 940,000 940,000
Investments 5 - 250
940,000 940,250

CURRENT ASSETS
Debtors 6 48,540 48,473

CREDITORS
Amounts falling due within one year 7 14,150 14,510
NET CURRENT ASSETS 34,390 33,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

974,390

974,213

PROVISIONS FOR LIABILITIES 255,959 256,209
NET ASSETS 718,431 718,004

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 677,348 677,348
Retained earnings 40,983 40,556
SHAREHOLDERS' FUNDS 718,431 718,004

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 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.

H. & C. (Worthing) Limited (Registered number: 00639235)

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 Board of Directors and authorised for issue on 10 August 2024 and were signed on its behalf by:





Malcolm James Hutchby - Director


H. & C. (Worthing) Limited (Registered number: 00639235)

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


1. STATUTORY INFORMATION

H. & C. (Worthing) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Freehold land and buildings
Freehold land and buildings are disclosed at valuations provided by the directors.

Turnover
Turnover relates to rents received.

Tangible fixed assets
Depreciation is not provided as the freehold properties have been valued at in excess of cost and the market value of the investment exceeds cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

H. & C. (Worthing) Limited (Registered number: 00639235)

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


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023
and 31 December 2023 940,000
NET BOOK VALUE
At 31 December 2023 940,000
At 31 December 2022 940,000

31/31a Railway Approach Worthing 140,000
69/91 Sugden Road Worthing 800,000

_


______


5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investments - 250

1,592 units in Barclays Unicorn General Trust at cost.

(market value 31st December 2019 £11005)

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 48,540 48,473

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 14,150 14,510

8. INVESTMENT REVALUATION RESERVE

The reserve relates to an increase on valuation of freehold properties £933557 less provision for deferred taxation relating thereto £256209.

H. & C. (Worthing) Limited (Registered number: 00639235)

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


9. COST OF FREEHOLD PROPERTY

Cost of freehold property comprises original cost £6,443 and revaluation of property £933557.The current value of freehold properties -69/91 Sugden Road Worthing is £800000 and 31-31A Railway Approach is £140000.