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Registration number: 11533712

H J Holdings (Hereford) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

H J Holdings (Hereford) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

H J Holdings (Hereford) Limited

Company Information

Directors

Mrs H Hayes

Mr M Hayes

Registered office

Yew Tree House
Tillington
Hereford
Herefordshire
HR4 8LW

Accountants

Young & Co
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

H J Holdings (Hereford) Limited

(Registration number: 11533712)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Investment property

4

432,894

432,894

Investments

5

288,120

230,520

 

721,014

663,414

Current assets

 

Debtors

6

82,685

159

Cash at bank and in hand

 

150,621

244,562

 

233,306

244,721

Creditors: Amounts falling due within one year

7

(161,774)

(339,435)

Net current assets/(liabilities)

 

71,532

(94,714)

Net assets

 

792,546

568,700

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

792,446

568,600

Shareholders' funds

 

792,546

568,700

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

H J Holdings (Hereford) Limited

(Registration number: 11533712)
Balance Sheet as at 31 December 2023
(continued)

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 May 2024 and signed on its behalf by:
 

.........................................
Mrs H Hayes
Director

 

H J Holdings (Hereford) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Yew Tree House
Tillington
Hereford
Herefordshire
HR4 8LW
United Kingdom

The principal place of business is:
9 Broad Street
Hereford
HR4 9AP
England

These financial statements were authorised for issue by the Board on 28 May 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

H J Holdings (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
(continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

H J Holdings (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
(continued)

2

Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 January

432,894

At 31 December

432,894

Investment property is valued on an open market basis by the directors.

There has been no valuation of investment property by an independent valuer.

5

Investments

Subsidiaries

£

Cost or valuation

At 1 January 2023

230,520

Provision

Carrying amount

At 31 December 2023

230,520

At 31 December 2022

230,520

 

H J Holdings (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
(continued)

5

Investments (continued)

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Katherine Harriet Limited

9 Broad Street
Hereford
HR4 9AP

Ordinary B and Ordinary D

50%

50%

 

England and Wales

     

Subsidiary undertakings

Katherine Harriet Limited

The principal activity of Katherine Harriet Limited is domicillary care agency.

6

Debtors

2023
£

2022
£

Prepayments

165

159

Other debtors

82,520

-

82,685

159

 

H J Holdings (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
(continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

37,300

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

107,486

57,473

Accruals and deferred income

 

16,988

20,307

Other creditors

 

-

261,655

 

161,774

339,435

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary A shares of £1 each

50

50

50

50

Ordinary B shares of £1 each

50

50

50

50

100

100

100

100

 

H J Holdings (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
(continued)

9

Related party transactions

Loans from related parties

2023

Subsidiary
£

Total
£

At start of period

57,473

57,473

Advanced

350,013

350,013

Repaid

(300,000)

(300,000)

At end of period

107,486

107,486

2022

Subsidiary
£

Total
£

At start of period

56,281

56,281

Advanced

236,192

236,192

Repaid

(235,000)

(235,000)

At end of period

57,473

57,473

Terms of loans from related parties

The loan is unsecured, interest free and has no fixed repayment terms.