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Registration number: 10610931

H H Plant Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

H H Plant Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

H H Plant Limited

Company Information

Directors

Mr T M Hill

Mr R L Hulme

Registered office

High Ridge Farm
Chalk Hill
Soberton
Southampton
Hampshire
SO32 3PH

Accountants

A J Wheeler Ltd - Trading as Howard Smith & Co
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

 

H H Plant Limited

(Registration number: 10610931)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

645,427

673,936

Investments

5

1,373,442

1,373,442

 

2,018,869

2,047,378

Current assets

 

Debtors

6

78,256

29,149

Cash at bank and in hand

 

92,260

45,160

 

170,516

74,309

Creditors: Amounts falling due within one year

7

(783,987)

(748,224)

Net current liabilities

 

(613,471)

(673,915)

Total assets less current liabilities

 

1,405,398

1,373,463

Provisions for liabilities

(161,356)

(168,483)

Net assets

 

1,244,042

1,204,980

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,243,942

1,204,880

Shareholders' funds

 

1,244,042

1,204,980

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.

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 5 September 2024 and signed on its behalf by:
 

 

H H Plant Limited

(Registration number: 10610931)
Balance Sheet as at 31 December 2023

.........................................
Mr T M Hill
Director

.........................................
Mr R L Hulme
Director

 

H H Plant 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:
High Ridge Farm
Chalk Hill
Soberton
Southampton
Hampshire
SO32 3PH

These financial statements were authorised for issue by the Board on 5 September 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.

Group accounts not prepared

The financial statements contain information about H H Plant Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements..

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

H H Plant Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Motor vehicles

15% on reducing balance

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.

3

Staff numbers

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

 

H H Plant Limited

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

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

1,001,265

208,248

1,209,513

Additions

85,390

-

85,390

At 31 December 2023

1,086,655

208,248

1,294,903

Depreciation

At 1 January 2023

437,326

98,251

535,577

Charge for the year

97,399

16,500

113,899

At 31 December 2023

534,725

114,751

649,476

Carrying amount

At 31 December 2023

551,930

93,497

645,427

At 31 December 2022

563,939

109,997

673,936

5

Investments

2023
£

2022
£

Investments in subsidiaries

1,373,442

1,373,442

Subsidiaries

£

Cost or valuation

At 1 January 2023

1,373,442

Provision

Carrying amount

At 31 December 2023

1,373,442

At 31 December 2022

1,373,442

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:

 

H H Plant Limited

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

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Hill & Hulme Limited

High Ridge Farm
Chalk Hill
Soberton
Southampton
Hampshire
SO32 3PH

England and Wales

100 Ordinary £1 shares

100%

100%

Apecs Limited

High Ridge Farm
Chalk Hill
Soberton
Southampton
Hampshire
SO32 3PH

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

Hill & Hulme Limited

The principal activity of Hill & Hulme Limited is concreting and agricultural groundworks..

Apecs Limited

The principal activity of Apecs Limited is provision of agricultural construction services.

 

H H Plant Limited

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

6

debtors

Current

2023
£

2022
£

Trade debtors

59,404

(469)

Prepayments

17,852

16,805

Other debtors

1,000

12,813

 

78,256

29,149

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

22,208

11,269

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

734,022

733,955

Taxation and social security

 

24,757

-

Accruals and deferred income

 

3,000

3,000

 

783,987

748,224

8

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £780.00 per each A Ordinary shares

 

39,000

 

39,000

Interim dividend of £1,780.00 per each B Ordinary shares

 

89,000

 

89,000

   

128,000

 

128,000

9

Parent and ultimate parent undertaking

The ultimate controlling party is the directors, who are also the shareholders of the parent company..