J.H.P. Storage Limited 01979389 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is storage, processing and conditioning of agricultural produce and other commodities Digita Accounts Production Advanced 6.30.9574.0 true 01979389 2023-04-01 2024-03-31 01979389 2024-03-31 01979389 bus:OrdinaryShareClass1 2024-03-31 01979389 bus:OrdinaryShareClass2 2024-03-31 01979389 bus:OrdinaryShareClass3 2024-03-31 01979389 bus:OrdinaryShareClass4 2024-03-31 01979389 bus:OrdinaryShareClass5 2024-03-31 01979389 bus:OtherShareClass1 2024-03-31 01979389 core:CurrentFinancialInstruments 2024-03-31 01979389 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01979389 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 01979389 core:FurnitureFittings 2024-03-31 01979389 core:PlantMachinery 2024-03-31 01979389 core:OtherRelatedParties 2024-03-31 01979389 bus:SmallEntities 2023-04-01 2024-03-31 01979389 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01979389 bus:FullAccounts 2023-04-01 2024-03-31 01979389 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01979389 bus:RegisteredOffice 2023-04-01 2024-03-31 01979389 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 01979389 bus:Director1 2023-04-01 2024-03-31 01979389 bus:Director2 2023-04-01 2024-03-31 01979389 bus:Director3 2023-04-01 2024-03-31 01979389 bus:Director5 2023-04-01 2024-03-31 01979389 bus:Director6 2023-04-01 2024-03-31 01979389 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 01979389 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 01979389 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 01979389 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 01979389 bus:OrdinaryShareClass5 2023-04-01 2024-03-31 01979389 bus:OtherShareClass1 2023-04-01 2024-03-31 01979389 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01979389 core:ComputerSoftware 2023-04-01 2024-03-31 01979389 core:FurnitureFittings 2023-04-01 2024-03-31 01979389 core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 01979389 core:PlantMachinery 2023-04-01 2024-03-31 01979389 core:OtherRelatedParties 2023-04-01 2024-03-31 01979389 countries:AllCountries 2023-04-01 2024-03-31 01979389 2023-03-31 01979389 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 01979389 core:FurnitureFittings 2023-03-31 01979389 core:PlantMachinery 2023-03-31 01979389 core:OtherRelatedParties 2023-03-31 01979389 2022-04-01 2023-03-31 01979389 2023-03-31 01979389 bus:OrdinaryShareClass1 2023-03-31 01979389 bus:OrdinaryShareClass2 2023-03-31 01979389 bus:OrdinaryShareClass3 2023-03-31 01979389 bus:OrdinaryShareClass4 2023-03-31 01979389 bus:OrdinaryShareClass5 2023-03-31 01979389 bus:OtherShareClass1 2023-03-31 01979389 core:CurrentFinancialInstruments 2023-03-31 01979389 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01979389 core:FurnitureFittings 2023-03-31 01979389 core:PlantMachinery 2023-03-31 01979389 core:OtherRelatedParties 2023-03-31 01979389 2022-03-31 01979389 core:OtherRelatedParties 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01979389

J.H.P. Storage Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

J.H.P. Storage Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

J.H.P. Storage Limited

Company Information

Directors

S J Halmshaw

J Halmshaw

C C Halmshaw

B M Halmshaw

V E Halmshaw

S K Halmshaw

Company secretary

B M Halmshaw

Registered office

Stirling House
The Flarepath
Elsham Wold
Elsham, Brigg
DN20 0NX

Solicitors

Beetenson & Gibbon
Lauriston House
Town Hall Square
Grimsby
North East Lincolnshire
DN31 1JB

 

J.H.P. Storage Limited

(Registration number: 01979389)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

3,546

6,847

Investment property

6

1,199,827

1,199,827

 

1,203,373

1,206,674

Current assets

 

Debtors

7

727,358

672,054

Cash at bank and in hand

 

450,931

126,096

 

1,178,289

798,150

Creditors: Amounts falling due within one year

8

(573,166)

(320,932)

Net current assets

 

605,123

477,218

Total assets less current liabilities

 

1,808,496

1,683,892

Provisions for liabilities

(36,471)

(37,066)

Net assets

 

1,772,025

1,646,826

Capital and reserves

 

Called up share capital

10

100

100

Other reserves

179,087

179,317

Profit and loss account

1,592,838

1,467,409

Total equity

 

1,772,025

1,646,826

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

J.H.P. Storage Limited

(Registration number: 01979389)
Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 9 October 2024 and signed on its behalf by:
 

.........................................
S J Halmshaw
Director

.........................................
C C Halmshaw
Director

 

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 01979389.

These financial statements cover the individual entity, J.H.P Storage Limited.

The address of its registered office is:
Stirling House
The Flarepath
Elsham Wold
Elsham, Brigg
DN20 0NX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 including section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% and 20% per annum on a straight line basis

Fixtures, fittings and office equipment

10% and 20% per annum on a straight line basis

Investment properties

No depreciation is charged

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Intangible assets

Separately acquired website costs are shown at historical cost.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website costs

33% per annum on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company during the year, was 2 (2023 - 2).

 

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Website costs
£

Total
£

Cost or valuation

At 1 April 2023

1,200

1,200

At 31 March 2024

1,200

1,200

Amortisation

At 1 April 2023

1,200

1,200

At 31 March 2024

1,200

1,200

Carrying amount

At 31 March 2024

-

-

5

Tangible assets

Fixtures, fittings and office equipment
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

63,998

170,895

234,893

At 31 March 2024

63,998

170,895

234,893

Depreciation

At 1 April 2023

57,151

170,895

228,046

Charge for the year

3,301

-

3,301

At 31 March 2024

60,452

170,895

231,347

Carrying amount

At 31 March 2024

3,546

-

3,546

At 31 March 2023

6,847

-

6,847

 

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Investment properties

2024
£

At 1 April 2023

1,199,827

At 31 March 2024

1,199,827

7

Debtors

2024
£

2023
£

Trade debtors

435,593

314,242

Prepayments and accrued income

16,765

12,812

Other debtors

275,000

345,000

727,358

672,054

Details of non-current trade and other debtors

£55,000 (2023 - £55,000) of other debtors is classified as non current.

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

106,182

37,045

Taxation and social security

 

108,657

48,346

Other creditors

 

6,033

11

Accruals and deferred income

 

352,294

235,530

 

573,166

320,932

9

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

666

11

 

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

10

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A shares of £1 each

24

24

24

24

Ordinary B shares of £1 each

24

24

24

24

Ordinary C shares of £1 each

2

2

2

2

Ordinary D shares of £1 each

2

2

2

2

Ordinary E shares of £1 each

24

24

24

24

Ordinary F shares of £1 each

24

24

24

24

 

100

100

100

100

11

Related party transactions

Summary of transactions with other related parties

Loan to a partnership of which the directors are the partners.
 Interest charged at 3% - no formal repayment terms.
 
Loan to a limited company of which the directors are also directors.
No interest charged. No formal repayment terms.

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

290,000

290,000

Repaid

(70,000)

(70,000)

At end of period

220,000

220,000

2023

Other related parties
£

Total
£

At start of period

290,000

290,000

At end of period

290,000

290,000