Company registration number 13138566 (England and Wales)
John Horsfall Properties (Holdings) Ltd
Unaudited
financial statements
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
John Horsfall Properties (Holdings) Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
John Horsfall Properties (Holdings) Ltd
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
2,313,289
2,313,289
Investments
4
1
1
2,313,290
2,313,290
Current assets
Debtors
49,285
41,060
Cash at bank and in hand
50,673
52,861
99,958
93,921
Creditors: amounts falling due within one year
(2,142,135)
(2,242,747)
Net current liabilities
(2,042,177)
(2,148,826)
Net assets
271,113
164,464
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
271,112
164,463
Total equity
271,113
164,464
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 members have 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 Benson
Director
Company Registration No. 13138566
John Horsfall Properties (Holdings) 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. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
All turnover is recognised on an accrual basis as services are provided.
Investment property
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. Changes in fair value are recognised in profit or loss.
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
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
2,313,289
John Horsfall Properties (Holdings) Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2023
3
Investment property
(continued)
- 3 -
As investment property was acquired during the year it's cost is deemed to be it's fair value at the balance sheet date.
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings
1
1
5
Related party transactions
At 31 December 2023 the company owed £2,100,000 (2022: £2,200,000) to John Horsfall & Sons (Greetland) Ltd, a company under the common control of the director. There are no set repayment terms for the loan and no interest has been charged.
6
Company information
John Horsfall Properties (Holdings) 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.