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REGISTERED NUMBER: 10522526 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HORSLEY HOLDINGS (PM) LIMITED

HORSLEY HOLDINGS (PM) LIMITED (REGISTERED NUMBER: 10522526)






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


HORSLEY HOLDINGS (PM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr J P B Horsley





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 10522526 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

HORSLEY HOLDINGS (PM) LIMITED (REGISTERED NUMBER: 10522526)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,511 20,672
Investment property 5 1,026,252 450,000
1,042,763 470,672

CURRENT ASSETS
Debtors 6 151,962 72,333
Cash at bank 16,170 69,680
168,132 142,013
CREDITORS
Amounts falling due within one year 7 887,440 368,694
NET CURRENT LIABILITIES (719,308 ) (226,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,455

243,991

PROVISIONS FOR LIABILITIES 9 6,993 20,533
NET ASSETS 316,462 223,458

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 46,094 46,094
Retained earnings 270,268 177,264
SHAREHOLDERS' FUNDS 316,462 223,458

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 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.

HORSLEY HOLDINGS (PM) LIMITED (REGISTERED NUMBER: 10522526)

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 and authorised for issue by the director and authorised for issue on 3 October 2024 and were signed by:





Mr J P B Horsley - Director


HORSLEY HOLDINGS (PM) LIMITED (REGISTERED NUMBER: 10522526)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Horsley Holdings (PM) 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.

The company has net current liabilities at the balance sheet date. This is due to amounts owed to a connected company. The connected company has agreed not to seek repayment of the amounts owed to them unless the company has sufficient funds to do so. On this basis the director has prepared these financial statements on the going concern basis.

Turnover
Turnover represents rental income 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.
Plant and machinery etc - 25% on reducing balance

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HORSLEY HOLDINGS (PM) LIMITED (REGISTERED NUMBER: 10522526)

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 13,409 26,773 1,535 41,717
Additions - 549 1,049 1,598
At 31 March 2024 13,409 27,322 2,584 43,315
DEPRECIATION
At 1 April 2023 6,724 13,553 768 21,045
Charge for year 1,671 3,442 646 5,759
At 31 March 2024 8,395 16,995 1,414 26,804
NET BOOK VALUE
At 31 March 2024 5,014 10,327 1,170 16,511
At 31 March 2023 6,685 13,220 767 20,672

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 450,000
Additions 626,252
Revaluations (50,000 )
At 31 March 2024 1,026,252
NET BOOK VALUE
At 31 March 2024 1,026,252
At 31 March 2023 450,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 10,499
Valuation in 2020 25,000
Valuation in 2022 25,959
Valuation in 2024 (50,000 )
Cost 1,014,794
1,026,252

HORSLEY HOLDINGS (PM) LIMITED (REGISTERED NUMBER: 10522526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

Investment property was valued on an open market basis on 31 March 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 65,303 48,536
Other debtors 86,659 23,797
151,962 72,333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 633 533
Taxation and social security 38,584 18,752
Other creditors 848,223 349,409
887,440 368,694

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 4,957 -
Between one and five years 3,718 -
8,675 -

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 6,993 20,533

Deferred
tax
£   
Balance at 1 April 2023 20,533
Utilised during year (13,540 )
Balance at 31 March 2024 6,993

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owes the director £382,310 (31.3.23: £177,962).

11. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr J P B and Mrs A M E Horsley.