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REGISTERED NUMBER: 01826498 (England and Wales)















HENRY OLDERSHAW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






HENRY OLDERSHAW LIMITED (REGISTERED NUMBER: 01826498)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


HENRY OLDERSHAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs L Oldershaw
Ms V K Oldershaw



SECRETARY: Ms V K Oldershaw



REGISTERED OFFICE: Welland House
Saracens Head
Holbeach
Lincolnshire
PE12 8AU



REGISTERED NUMBER: 01826498 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: National Westminster Bank
Market Place
Spalding
Lincolnshire
PE11 1ST

HENRY OLDERSHAW LIMITED (REGISTERED NUMBER: 01826498)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,996 19,108
Investment property 5 3,600,000 3,600,000
3,614,996 3,619,108

CURRENT ASSETS
Debtors 6 209,462 102,504
Investments 7 738,737 753,013
Cash at bank 67,108 87,012
1,015,307 942,529
CREDITORS
Amounts falling due within one year 8 76,787 107,034
NET CURRENT ASSETS 938,520 835,495
TOTAL ASSETS LESS CURRENT LIABILITIES 4,553,516 4,454,603

PROVISIONS FOR LIABILITIES 9 239,835 212,915
NET ASSETS 4,313,681 4,241,688

CAPITAL AND RESERVES
Called up share capital 10 27,500 27,500
Share premium 409,020 409,020
Fair value reserve 11 2,014,909 1,993,036
Retained earnings 1,862,252 1,812,132
SHAREHOLDERS' FUNDS 4,313,681 4,241,688

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 OLDERSHAW LIMITED (REGISTERED NUMBER: 01826498)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 30 September 2024 and were signed on its behalf by:





Ms V K Oldershaw - Director


HENRY OLDERSHAW LIMITED (REGISTERED NUMBER: 01826498)

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

1. STATUTORY INFORMATION

Henry Oldershaw 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 comprises the fair value of consideration received for land and property rents, which are accounted for on a receivable basis.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are held at cost less accumulated depreciation.

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 that have been enacted or substantively enacted by the statement of financial positionstatement of financial position date.

Deferred tax
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 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.

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.

Current asset investments
Current asset investments are stated at fair value. Any aggregate surplus ot deficit arising from changes in fair value are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

HENRY OLDERSHAW LIMITED (REGISTERED NUMBER: 01826498)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 49,888
Additions 1,238
At 31 January 2024 51,126
DEPRECIATION
At 1 February 2023 30,780
Charge for year 5,350
At 31 January 2024 36,130
NET BOOK VALUE
At 31 January 2024 14,996
At 31 January 2023 19,108

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 3,600,000
NET BOOK VALUE
At 31 January 2024 3,600,000
At 31 January 2023 3,600,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 2,229,719
Cost 1,370,281
3,600,000

The investment properties were valued by the directors as at 31 January 2024 by considering cost and the fair values of recent, comparable property sales in the local area.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 11,254 11,254
Director's loan account 194,014 85,728
Prepayments and accrued income 4,194 5,522
209,462 102,504

HENRY OLDERSHAW LIMITED (REGISTERED NUMBER: 01826498)

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

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 738,737 753,013

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37,670 374
Other creditors 11,445 11,445
Director's loan account - 66,374
Accruals and deferred income 27,672 28,841
76,787 107,034

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 3,749 4,777
Other timing differences 236,086 208,138
239,835 212,915

Deferred
tax
£   
Balance at 1 February 2023 212,915
Provided during year 26,920
Balance at 31 January 2024 239,835

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,500 Ordinary A £1 2,500 2,500
20,000 Ordinary B £1 20,000 20,000
5,000 Ordinary C £1 5,000 5,000
27,500 27,500

HENRY OLDERSHAW LIMITED (REGISTERED NUMBER: 01826498)

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

11. RESERVES
Fair
value
reserve
£   
At 1 February 2023 1,993,036
Reserves transfer 21,873

At 31 January 2024 2,014,909

The aggregate surplus on re-measurement of investment property, net of associated deferred tax, is transferred to a separate non-distributable fair value reserve in order to assist with the identification of profits available for distribution.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

20242023
£ £
Balance outstanding at start of year85,72871,481
Amounts advanced145,13651,097
Amounts repaid(36,850)(36,850)
Balance outstanding at end of year194,01485,728
The loan is interest-free, unsecured and repayable on demand.

13. POST BALANCE SHEET EVENTS

Subsequent to the year end, the company approved dividends of £75,000.