Haugh Head Holdings Ltd 12749280 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Property investment Digita Accounts Production Advanced 6.30.9574.0 true true 12749280 2023-08-01 2024-07-31 12749280 2024-07-31 12749280 core:RetainedEarningsAccumulatedLosses 2024-07-31 12749280 core:ShareCapital 2024-07-31 12749280 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12749280 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 12749280 bus:SmallEntities 2023-08-01 2024-07-31 12749280 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12749280 bus:FullAccounts 2023-08-01 2024-07-31 12749280 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12749280 bus:RegisteredOffice 2023-08-01 2024-07-31 12749280 bus:Director1 2023-08-01 2024-07-31 12749280 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12749280 core:Buildings 2023-08-01 2024-07-31 12749280 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 12749280 countries:EnglandWales 2023-08-01 2024-07-31 12749280 2023-07-31 12749280 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 12749280 2022-08-01 2023-07-31 12749280 2023-07-31 12749280 core:RetainedEarningsAccumulatedLosses 2023-07-31 12749280 core:ShareCapital 2023-07-31 12749280 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12749280 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 12749280

Haugh Head Holdings Ltd

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Haugh Head Holdings Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Haugh Head Holdings Ltd

Company Information

Director

I.W. Rutherford

Registered office

6-7 Wansbeck Street
Morpeth
Northumberland
NE61 1XZ

 

Haugh Head Holdings Ltd

(Registration number: 12749280)
Statement of Financial Position as at 31 July 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

119,358

 

117,994

Current assets

   

 

Cash at bank and in hand

 

316

 

190

 

Creditors: Amounts falling due within one year

5

(164,729)

 

(162,819)

 

Net current liabilities

   

(164,413)

 

(162,629)

Net liabilities

   

(45,055)

 

(44,635)

Capital and reserves

   

 

Called up share capital

99

 

99

 

Profit and loss account

(45,154)

 

(44,734)

 

Total equity

   

(45,055)

 

(44,635)

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

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised for issue by the director on 2 November 2024
 

.........................................
I.W. Rutherford
Director

 

Haugh Head Holdings Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is 6-7 Wansbeck Street, Morpeth, Northumberland, NE61 1XZ.

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

The company meets its day to day working capital requirements through cash generated from shareholder borrowings.

The company’s forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance.

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.

 

Haugh Head Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Asset class

Depreciation method and rate

 

Land and buildings

No depreciation

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 August 2023

117,994

117,994

Additions

1,364

1,364

At 31 July 2024

119,358

119,358

Depreciation

Carrying amount

At 31 July 2024

119,358

119,358

At 31 July 2023

117,994

117,994

Included within the net book value of land and buildings above is £119,358 (2023 - £117,994) in respect of freehold land and buildings.
 

 

Haugh Head Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

164,729

162,819