2023-04-012024-03-312024-03-31false01033260S H Curtis and Sons Limited2024-08-1368209iso4217:GBPxbrli:pure010332602023-04-01010332602024-03-31010332602023-04-012024-03-31010332602022-04-01010332602023-03-31010332602022-04-012023-03-3101033260bus:SmallEntities2023-04-012024-03-3101033260bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3101033260bus:FullAccounts2023-04-012024-03-3101033260bus:PrivateLimitedCompanyLtd2023-04-012024-03-3101033260core:WithinOneYear2024-03-3101033260core:AfterOneYear2024-03-3101033260core:WithinOneYear2023-03-3101033260core:AfterOneYear2023-03-3101033260core:ShareCapital2024-03-3101033260core:SharePremium2024-03-3101033260core:RevaluationReserve2024-03-3101033260core:OtherReservesSubtotal2024-03-3101033260core:RetainedEarningsAccumulatedLosses2024-03-3101033260core:ShareCapital2023-03-3101033260core:SharePremium2023-03-3101033260core:RevaluationReserve2023-03-3101033260core:OtherReservesSubtotal2023-03-3101033260core:RetainedEarningsAccumulatedLosses2023-03-3101033260core:LandBuildings2024-03-3101033260core:PlantMachinery2024-03-3101033260core:Vehicles2024-03-3101033260core:FurnitureFittings2024-03-3101033260core:OfficeEquipment2024-03-3101033260core:NetGoodwill2024-03-3101033260core:IntangibleAssetsOtherThanGoodwill2024-03-3101033260core:ListedExchangeTraded2024-03-3101033260core:UnlistedNon-exchangeTraded2024-03-3101033260core:LandBuildings2023-03-3101033260core:PlantMachinery2023-03-3101033260core:Vehicles2023-03-3101033260core:FurnitureFittings2023-03-3101033260core:OfficeEquipment2023-03-3101033260core:NetGoodwill2023-03-3101033260core:IntangibleAssetsOtherThanGoodwill2023-03-3101033260core:ListedExchangeTraded2023-03-3101033260core:UnlistedNon-exchangeTraded2023-03-3101033260core:LandBuildings2023-04-012024-03-3101033260core:PlantMachinery2023-04-012024-03-3101033260core:Vehicles2023-04-012024-03-3101033260core:FurnitureFittings2023-04-012024-03-3101033260core:OfficeEquipment2023-04-012024-03-3101033260core:NetGoodwill2023-04-012024-03-3101033260core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3101033260core:ListedExchangeTraded2023-04-012024-03-3101033260core:UnlistedNon-exchangeTraded2023-04-012024-03-3101033260core:MoreThanFiveYears2023-04-012024-03-3101033260core:Non-currentFinancialInstruments2024-03-3101033260core:Non-currentFinancialInstruments2023-03-3101033260dpl:CostSales2023-04-012024-03-3101033260dpl:DistributionCosts2023-04-012024-03-3101033260core:LandBuildings2023-04-012024-03-3101033260core:PlantMachinery2023-04-012024-03-3101033260core:Vehicles2023-04-012024-03-3101033260core:FurnitureFittings2023-04-012024-03-3101033260core:OfficeEquipment2023-04-012024-03-3101033260dpl:AdministrativeExpenses2023-04-012024-03-3101033260core:NetGoodwill2023-04-012024-03-3101033260core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3101033260dpl:GroupUndertakings2023-04-012024-03-3101033260dpl:ParticipatingInterests2023-04-012024-03-3101033260dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3101033260core:ListedExchangeTraded2023-04-012024-03-3101033260dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3101033260core:UnlistedNon-exchangeTraded2023-04-012024-03-3101033260dpl:CostSales2022-04-012023-03-3101033260dpl:DistributionCosts2022-04-012023-03-3101033260core:LandBuildings2022-04-012023-03-3101033260core:PlantMachinery2022-04-012023-03-3101033260core:Vehicles2022-04-012023-03-3101033260core:FurnitureFittings2022-04-012023-03-3101033260core:OfficeEquipment2022-04-012023-03-3101033260dpl:AdministrativeExpenses2022-04-012023-03-3101033260core:NetGoodwill2022-04-012023-03-3101033260core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3101033260dpl:GroupUndertakings2022-04-012023-03-3101033260dpl:ParticipatingInterests2022-04-012023-03-3101033260dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3101033260core:ListedExchangeTraded2022-04-012023-03-3101033260dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3101033260core:UnlistedNon-exchangeTraded2022-04-012023-03-3101033260core:NetGoodwill2024-03-3101033260core:IntangibleAssetsOtherThanGoodwill2024-03-3101033260core:LandBuildings2024-03-3101033260core:PlantMachinery2024-03-3101033260core:Vehicles2024-03-3101033260core:FurnitureFittings2024-03-3101033260core:OfficeEquipment2024-03-3101033260core:AfterOneYear2024-03-3101033260core:WithinOneYear2024-03-3101033260core:ListedExchangeTraded2024-03-3101033260core:UnlistedNon-exchangeTraded2024-03-3101033260core:ShareCapital2024-03-3101033260core:SharePremium2024-03-3101033260core:RevaluationReserve2024-03-3101033260core:OtherReservesSubtotal2024-03-3101033260core:RetainedEarningsAccumulatedLosses2024-03-3101033260core:NetGoodwill2023-03-3101033260core:IntangibleAssetsOtherThanGoodwill2023-03-3101033260core:LandBuildings2023-03-3101033260core:PlantMachinery2023-03-3101033260core:Vehicles2023-03-3101033260core:FurnitureFittings2023-03-3101033260core:OfficeEquipment2023-03-3101033260core:AfterOneYear2023-03-3101033260core:WithinOneYear2023-03-3101033260core:Liste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S H Curtis and Sons Limited

Registered Number
01033260
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

S H Curtis and Sons Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Mr G H Curtis
Mrs M E Curtis

Company Secretary

Mrs M E Curtis

Registered Address

2 Hobson Court
Penrith 40 Business Park
Penrith
CA11 9GQ

Registered Number

01033260 (England and Wales)
S H Curtis and Sons Limited
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property31,075,000942,446
1,075,000942,446
Current assets
Debtors41,626879
Cash at bank and on hand36,408124,521
38,034125,400
Creditors amounts falling due within one year5(562,672)(633,156)
Net current assets (liabilities)(524,638)(507,756)
Total assets less current liabilities550,362434,690
Provisions for liabilities6(61,800)(36,900)
Net assets488,562397,790
Capital and reserves
Called up share capital100100
Revaluation reserve291,545158,991
Profit and loss account196,917238,699
Shareholders' funds488,562397,790
The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2024, and are signed on its behalf by:
Mr G H Curtis
Director
Registered Company No. 01033260
S H Curtis and Sons Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year22
3.Investment property
The 2023 valuations were made by the directors, on an open market value for existing use basis.

£
Fair value at 01 April 23942,446
Fair value adjustments132,554
At 31 March 241,075,000
4.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income1,626879
Total1,626879
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security4,8804,920
Other creditors553,329623,245
Accrued liabilities and deferred income4,4634,991
Total562,672633,156
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made.

2024

2023

££
Net deferred tax liability (asset)61,80036,900
Total61,80036,900
7.Related party transactions
During the year the company continued to borrow funds from the directors to Mr G H and Mrs M E Curtis. The directors charged the company gross interest in the sum of £22,500 (2023 £22,500). At the balance sheet date the company owed £377,329 (2023 - £453,245) to Mr G H and Mrs M E Curtis.