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REGISTERED NUMBER: 09365258 (England and Wales)















S&H Estates Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






S&H Estates Limited (Registered number: 09365258)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S&H Estates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S W Hoadley





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Berth 5
Gillingham Gate
Chatham Docks
CHATHAM
Kent
ME4 4SW





REGISTERED NUMBER: 09365258 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

S&H Estates Limited (Registered number: 09365258)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,212 2,495
Investment property 5 1,350,000 1,444,349
1,351,212 1,446,844

CURRENT ASSETS
Debtors 6 4,943 628
Cash at bank and in hand 8,442 3,512
13,385 4,140
CREDITORS
Amounts falling due within one year 7 964,191 985,181
NET CURRENT LIABILITIES (950,806 ) (981,041 )
TOTAL ASSETS LESS CURRENT LIABILITIES 400,406 465,803

PROVISIONS FOR LIABILITIES 86,778 83,878
NET ASSETS 313,628 381,925

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 260,332 357,581
Retained earnings 53,196 24,244
313,628 381,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S&H Estates Limited (Registered number: 09365258)

Statement of Financial Position - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





S W Hoadley - Director


S&H Estates Limited (Registered number: 09365258)

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

1. STATUTORY INFORMATION

S&H Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements - going concern
When preparing the financial statements, the director has assessed whether there are significant doubts about the company's ability to continue as a going concern, particularly as there are net current liabilities. There are no material uncertainties of which the director is aware in making his assessment.

Other creditors include £796,302 owed to the director who has indicated that repayment will only be sought when cash flow and profitability allow. Therefore, the director considers that the company has sufficient cash reserves to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future and they continue to adopt the going concern basis for preparing these financial statements.

Income recognition
Turnover represents rents receivable from the investment properties and is recognised when the company becomes entitled to it.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.


S&H Estates Limited (Registered number: 09365258)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted by the year end.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 3,889
DEPRECIATION
At 1 January 2023 1,394
Charge for year 1,283
At 31 December 2023 2,677
NET BOOK VALUE
At 31 December 2023 1,212
At 31 December 2022 2,495

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,444,349
Revaluations (94,349 )
At 31 December 2023 1,350,000
NET BOOK VALUE
At 31 December 2023 1,350,000
At 31 December 2022 1,444,349

S&H Estates Limited (Registered number: 09365258)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 1,350,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,943 -
Other debtors - 628
4,943 628

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,216 9,548
Trade creditors 257 250
Taxation and social security 9,107 3,146
Other creditors 951,611 972,237
964,191 985,181