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Registered number: 01627209
Henley Phern Limited
Financial Statements
For The Year Ended 31 March 2024
Probusiness Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01627209
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 323 430
Investment Properties 5 2,182,500 2,182,500
2,182,823 2,182,930
CURRENT ASSETS
Debtors 6 7,720 7,034
Investments 7 50,216 50,216
Cash at bank and in hand 199,750 287,768
257,686 345,018
Creditors: Amounts Falling Due Within One Year 8 (23,870 ) (23,605 )
NET CURRENT ASSETS (LIABILITIES) 233,816 321,413
TOTAL ASSETS LESS CURRENT LIABILITIES 2,416,639 2,504,343
Creditors: Amounts Falling Due After More Than One Year 9 - (80,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (214,955 ) (214,955 )
NET ASSETS 2,201,684 2,209,388
CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 1,228,179 1,228,179
Profit and Loss Account 973,405 981,109
SHAREHOLDERS' FUNDS 2,201,684 2,209,388
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Karen Butt
Director
23 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Henley Phern Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01627209 . The registered office is 37 Chamberlain Street, Wells, Somerset, BA5 2PQ.
2. Accounting Policies
2.1. Basis of Preparation of 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. 
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
2.3. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in non-distributable reserves.
2.4. 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 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.
2.5. 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. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 9,890
As at 31 March 2024 9,890
Depreciation
As at 1 April 2023 9,460
Provided during the period 107
As at 31 March 2024 9,567
Net Book Value
As at 31 March 2024 323
As at 1 April 2023 430
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 2,182,500
Fair value at 31 March 2024 is represented by:
£
Valuation in 2010
1,693,818
Valuation in 2018
488,682
image
2,182,500
image
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 7,720 7,034
7. Current Asset Investments
2024 2023
£ £
Listed investments 50,216 50,216
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,219 6,109
Other creditors 4,783 4,008
Taxation and social security 12,868 13,488
23,870 23,605
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 80,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5