2023-04-012024-03-312024-03-31false11256420HORUS DEVELOPMENTS 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HORUS DEVELOPMENTS LIMITED

Registered Number
11256420
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

HORUS DEVELOPMENTS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

KELLY, Michael
MOORE, Paul
TAGG, Philip

Registered Address

C/O Venture Finance Management, Suite 101
Cotton Exchange, Old Hall Street
Liverpool
L3 9LQ

Registered Number

11256420 (England and Wales)
HORUS DEVELOPMENTS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3550,000-
550,000-
Current assets
Debtors66
Cash at bank and on hand15,41010,024
15,41610,030
Creditors amounts falling due within one year(9,889)(8,589)
Net current assets (liabilities)5,5271,441
Total assets less current liabilities555,5271,441
Creditors amounts falling due after one year(419,777)(378,713)
Net assets135,750(377,272)
Capital and reserves
Called up share capital66
Share premium149,994-
Revaluation reserve400,000-
Profit and loss account(414,250)(377,278)
Shareholders' funds135,750(377,272)
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
KELLY, Michael
Director
MOORE, Paul
Director
TAGG, Philip
Director

Registered Company No. 11256420
HORUS DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Total

£
Cost or valuation
Additions150,000
Revaluations400,000
At 31 March 24550,000
Net book value
At 31 March 24550,000
At 31 March 23-
4.Capital commitments
At the reporting end date the Company had an outstanding capital commitment of £419,776 (2023 - £378,712).
5.Related party transactions
As at the year end, the company owed £8,589 to a company under common control (£7,389 -2023). This loan is interest free and repayable on demand.