REGISTERED NUMBER: |
Financial Statements for the Year Ended 29th February 2024 |
for |
J.C. Holland (Northern) Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 29th February 2024 |
for |
J.C. Holland (Northern) Limited |
J.C. Holland (Northern) Limited (Registered number: 01015385) |
Contents of the Financial Statements |
for the Year Ended 29th February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
J.C. Holland (Northern) Limited |
Company Information |
for the Year Ended 29th February 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
43 Oswald Road |
Scunthorpe |
North Lincolnshire |
DN15 7PN |
J.C. Holland (Northern) Limited (Registered number: 01015385) |
Balance Sheet |
29th February 2024 |
29.2.24 | 28.2.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Investments | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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. |
J.C. Holland (Northern) Limited (Registered number: 01015385) |
Balance Sheet - continued |
29th February 2024 |
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 |
J.C. Holland (Northern) Limited (Registered number: 01015385) |
Notes to the Financial Statements |
for the Year Ended 29th February 2024 |
1. | STATUTORY INFORMATION |
J.C. Holland (Northern) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
J.C. Holland (Northern) Limited (Registered number: 01015385) |
Notes to the Financial Statements - continued |
for the Year Ended 29th February 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | Plant and | and | Motor |
leasehold | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st March 2023 |
Additions |
At 29th February 2024 |
DEPRECIATION |
At 1st March 2023 |
Charge for year |
At 29th February 2024 |
NET BOOK VALUE |
At 29th February 2024 |
At 28th February 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 28.2.23 |
£ | £ |
Trade debtors |
Other debtors |
6. | CURRENT ASSET INVESTMENTS |
29.2.24 | 28.2.23 |
£ | £ |
Listed investments | 350,000 | - |
J.C. Holland (Northern) Limited (Registered number: 01015385) |
Notes to the Financial Statements - continued |
for the Year Ended 29th February 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 28.2.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | PROVISIONS FOR LIABILITIES |
29.2.24 | 28.2.23 |
£ | £ |
Deferred tax | 672 | 672 |
Deferred |
tax |
£ |
Balance at 1st March 2023 |
Balance at 29th February 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.2.24 | 28.2.23 |
value: | £ | £ |
Ordinary | £1 | 500 | 500 |
Ordinary A | £1 | 500 | 500 |
1,000 | 1,000 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1st March 2023 |
Profit for the year |
At 29th February 2024 |
J.C. Holland (Northern) Limited (Registered number: 01015385) |
Notes to the Financial Statements - continued |
for the Year Ended 29th February 2024 |
11. | RELATED PARTY DISCLOSURES |
Holland Enterprises Ltd |
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A company in which Mr C O Holland and M C Holland are Director. |
During the year the company sold goods to the above company to the total of £11,452, all of which was paid for in the year. |
There were no other transactions in the year and therefore the balance outstanding at the year end remained unchanged at £108,384. |
Holland Property Company Ltd |
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A company in which Mr C O Holland and M C Holland are Directors. |
During the year the company sold good to the company totalling £4,767 (2023 - £7,296) all of which was paid for in the year. |
There were no other transactions in the year and therefore the balance outstanding at the year end remained unchanged at £721,587. |
Holland Developments (Halifax) Limited |
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A company in which Mr C O Holland and M C Holland are Directors. |
There were no transactions in the year and therefore the balance outstanding at the year end remained unchanged at £16,904. |
RMH Investments (UK) Ltd |
--------------------------------------------- |
A company in which Mrs R M Holland is a Director. |
During the year the company sold goods totalling £2,150 (2023 - £441) to the company all of which was paid for in the year. |
There were no other transactions in the year so the amount of £200,000 remained outstanding at the year end. |
Mr C O Holland |
-------------------------- |
During the year the the company lent the Director £357 (2023 - £1,351). The Director repaid £244 (2023 - £1,647). At the end of the year the Director owed the company £14,629.. |
Mr M C Holland |
-------------------------- |
J.C. Holland (Northern) Limited (Registered number: 01015385) |
Notes to the Financial Statements - continued |
for the Year Ended 29th February 2024 |
There were no transactions requiring disclosure between the Company and the Director in the year. There was no outstanding balance due at the year end. |
Mrs R M Holland |
---------------------------- |
There were no transactions requiring disclosure between the Company and the Director in the year. The balance outstanding was therefore unchanged at £244 due to the Director. |
COH (UK) Investments Limited |
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During the year an investment of £350,000 was made into the above company of which Mr C O Holland is the sole director. |