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REGISTERED NUMBER: 03395786 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

HENRY GEORGE LIMITED

HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HENRY GEORGE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: R J Skerten
J Q Conning



REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU



REGISTERED NUMBER: 03395786 (England and Wales)



ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU



BANKERS: National Westminster Bank Plc
84 Commercial Road
Swindon
Wiltshire
SN1 5NW

HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,700 133,225

CURRENT ASSETS
Debtors 5 865 4,530
Cash at bank 6,241 21,258
7,106 25,788
CREDITORS
Amounts falling due within one year 6 15,537 35,025
NET CURRENT LIABILITIES (8,431 ) (9,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,269

123,988

CREDITORS
Amounts falling due after more than one
year

7

(30,069

)

(35,453

)

PROVISIONS FOR LIABILITIES (1,682 ) (1,682 )
NET ASSETS 91,518 86,853

CAPITAL AND RESERVES
Called up share capital 2,964 2,964
Revaluation reserve 60,157 60,772
Capital redemption reserve 61 61
Retained earnings 28,336 23,056
SHAREHOLDERS' FUNDS 91,518 86,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786)

BALANCE SHEET - continued
31 March 2024


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 Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:




J Q Conning - Director



R J Skerten - Director


HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Henry George 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.

The directors have assessed the company's future projections and cash flow forecasts and believe that the going concern basis of preparation remains appropriate.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% straight line basis and not provided

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 or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 150,000
DEPRECIATION
At 1 April 2023 16,775
Charge for year 1,525
At 31 March 2024 18,300
NET BOOK VALUE
At 31 March 2024 131,700
At 31 March 2023 133,225

Included in cost or valuation of land and buildings is freehold land of £ 44,000 (2023 - £ 44,000 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2002 30,499
Valuation in 2007 130,000
Valuation in 2012 (100,000 )
Cost 89,501
150,000

HENRY GEORGE LIMITED (REGISTERED NUMBER: 03395786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 89,501 89,501
Aggregate depreciation 10,010 10,010

Value of land in freehold land and buildings 44,000 44,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 865 4,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,385 5,252
Trade creditors 3,135 1,563
Taxation and social security 1,327 19,644
Other creditors 5,690 8,566
15,537 35,025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 30,069 35,453

8. LEASING AGREEMENTS
At 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £10,000 (2023: £20,000).

9. SECURED DEBTS

The bank overdraft is secured by way of a legal charge dated 13th January 2003 over property known as 46 Kingsbury Street, Marlborough, Wiltshire.

10. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to it's shareholders.

11. GOING CONCERN

The company and the director are committed to finding a viable solution to support the company's trading in the future, and on that basis the company is considered a going concern.