REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 31 MAY 2023 |
FOR |
JH MILLBROOK HOLDING COMPANY LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2022 TO 31 MAY 2023 |
FOR |
JH MILLBROOK HOLDING COMPANY LIMITED |
JH MILLBROOK HOLDING COMPANY LIMITED (REGISTERED NUMBER: 11483422) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 April 2022 to 31 May 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
JH MILLBROOK HOLDING COMPANY LIMITED |
COMPANY INFORMATION |
for the period 1 April 2022 to 31 May 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
JH MILLBROOK HOLDING COMPANY LIMITED (REGISTERED NUMBER: 11483422) |
ABRIDGED BALANCE SHEET |
31 May 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 |
JH MILLBROOK HOLDING COMPANY LIMITED (REGISTERED NUMBER: 11483422) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 April 2022 to 31 May 2023 |
1. | STATUTORY INFORMATION |
JH Millbrook Holding Company Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The financial statements have been prepared on the going concern basis. The directors have considered relevant information, including the annual budget, the timing of the future cashflows, and the impact of subsequent events in making their assessment. |
As part of the going concern assessment, the directors have also taken into account the assurances from group and members that further funds will be made available to support the company's working capital requirements, if needed. |
Critical accounting judgements and key sources of estimation uncertainty |
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
The items in the financial statements where these judgements and estimates have been made include: |
- assessing the recoverability of the intercompany balances. |
- assessing any impairment in fixed asset investments. |
Financial instruments |
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest method. |
Basic financial liabilities, including trade and other payables, bank loans and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Taxation |
Taxation for the period 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. |
JH MILLBROOK HOLDING COMPANY LIMITED (REGISTERED NUMBER: 11483422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2022 to 31 May 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
Interest on joint venture |
Interest in joint venture is measured at cost less any impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2022 | 15,842,930 |
Impairments | (15,836,120 | ) |
At 31 May 2023 | 6,810 |
NET BOOK VALUE |
At 31 May 2023 | 6,810 |
At 31 March 2022 | 15,842,930 |
Joint venture |
The following was a joint venture of the company: |
Name Principal activity Holding |
JH Millbrook Limited Property trading and development 96 % |
5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
6. | CONTINGENT LIABILITIES |
There were no contingent liabilities at the balance sheet date. |
JH MILLBROOK HOLDING COMPANY LIMITED (REGISTERED NUMBER: 11483422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 April 2022 to 31 May 2023 |
7. | CAPITAL COMMITMENTS |
The company had no capital commitments for the period ended 31 May 2023 and previous year. |
8. | 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. |
9. | AUDITOR LIABILITY LIMITATION AGREEMENT |
The company has entered into a liability limitation agreement with Raffingers, the statutory auditors, in respect of the statutory audit for the year ended 31 May 2023. The proportionate liability agreement follows the standard terms in Appendix B to the Financial Reporting Council's June 2008 Guidance on Auditor Liability Agreements, and was approved by the members on 2 October 2023. |