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REGISTERED NUMBER: 01573192 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

HARRY FERGUSON HOLDINGS LIMITED

HARRY FERGUSON HOLDINGS LIMITED (REGISTERED NUMBER: 01573192)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRY FERGUSON HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: T J R Sheldon
Mrs S J Sheldon
C J R Sheldon





SECRETARY: Mrs S J Sheldon





REGISTERED OFFICE: Kings Manor Farm
Copse Lane
Freshwater
Isle of Wight
PO409TL





REGISTERED NUMBER: 01573192 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

HARRY FERGUSON HOLDINGS LIMITED (REGISTERED NUMBER: 01573192)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 2,597,369 2,499,907
2,597,369 2,499,907

CURRENT ASSETS
Debtors 6 2,731,627 2,565,756
Cash at bank 17,644 68,704
2,749,271 2,634,460
CREDITORS
Amounts falling due within one year 7 45,827 28,304
NET CURRENT ASSETS 2,703,444 2,606,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,300,813

5,106,063

CAPITAL AND RESERVES
Called up share capital 2,390 2,390
Fair value reserve 803,248 694,906
Retained earnings 4,495,175 4,408,767
SHAREHOLDERS' FUNDS 5,300,813 5,106,063

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

HARRY FERGUSON HOLDINGS LIMITED (REGISTERED NUMBER: 01573192)

BALANCE SHEET - continued
31ST 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 Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





T J R Sheldon - Director


HARRY FERGUSON HOLDINGS LIMITED (REGISTERED NUMBER: 01573192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Harry Ferguson Holdings 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.

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.

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

Turnover represents income from fixed asset investments, excluding Vat.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Investments
Listed investments are included at fair value. Gains are recognised in the Income Statement. Deferred taxation is provided on these gains at the rate expected to apply when the investments are sold.

Other investments are valued at cost less impairment.

HARRY FERGUSON HOLDINGS LIMITED (REGISTERED NUMBER: 01573192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 11,219
DEPRECIATION
At 1st January 2023
and 31st December 2023 11,219
NET BOOK VALUE
At 31st December 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1st January 2023 6,901 2,505,008 2,511,909
Additions - 40,000 40,000
Disposals - (60,265 ) (60,265 )
Revaluations - 117,727 117,727
At 31st December 2023 6,901 2,602,470 2,609,371
PROVISIONS
At 1st January 2023
and 31st December 2023 - 12,002 12,002
NET BOOK VALUE
At 31st December 2023 6,901 2,590,468 2,597,369
At 31st December 2022 6,901 2,493,006 2,499,907

The book cost of listed and unlisted investments before revaluation to fair value at the year ended 31 December 2023 was £1,793,719 (2022: £1,790,792).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,731,627 2,565,756

HARRY FERGUSON HOLDINGS LIMITED (REGISTERED NUMBER: 01573192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 38,092 -
Other creditors 7,735 28,304
45,827 28,304

8. SECURED DEBTS

The bank overdraft of the subsidiary company Harry Ferguson Farms Limited has a Limited Guarantee which is provided by T J R Sheldon for £60,000. The overdraft of the subsidiary company Harwoods of Yarmouth Limited is also guaranteed by T J R Sheldon, the director.

There is a fixed and floating charge over all the company assets held by Barclays Bank plc.