Company registration number 08904744 (England and Wales)
John Horsfall (Properties) Ltd
Unaudited
financial statements
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
John Horsfall (Properties) Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
John Horsfall (Properties) Ltd
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
1,420,000
1,420,000
Current assets
Debtors
-
0
1,255
Cash at bank and in hand
18,631
6,631
18,631
7,886
Creditors: amounts falling due within one year
(1,502,196)
(1,502,544)
Net current liabilities
(1,483,565)
(1,494,658)
Net liabilities
(63,565)
(74,658)
Capital and reserves
Called up share capital
1
1
Revaluation reserve
360,801
360,801
Profit and loss reserves
(424,367)
(435,460)
Total equity
(63,565)
(74,658)

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 3 September 2024
P H Benson
Director
Company Registration No. 08904744
John Horsfall (Properties) Ltd
Notes to the financial statements
for the year ended 31 December 2023
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

 

All turnover is recognised on an accruals basis as services are provided.

Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Investment property
2023
£
Fair value
At 1 January 2023 and 31 December 2023
1,420,000
John Horsfall (Properties) Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2023
3
Investment property
(continued)
- 3 -

The fair value of the investment properties are not considered to be different to cost. The director has taken into account professional advice and in his opinion the carrying values are representative of transaction prices for similar properties.

4
Parent company

The parent company of John Horsfall (Properties) Ltd is John Horsfall Properties (Holdings) Ltd, a company registered in the UK.

5
Company information

John Horsfall (Properties) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Birkby Grange, Birkby Hall Road, Huddersfield, West Yorkshire, HD2 2XB.

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