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REGISTERED NUMBER: 11473260 (England and Wales)















FH DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






FH DEVELOPMENTS LTD (REGISTERED NUMBER: 11473260)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FH DEVELOPMENTS LTD

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: D A Firth
Mrs L A Heeley





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 11473260 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

FH DEVELOPMENTS LTD (REGISTERED NUMBER: 11473260)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 14

CURRENT ASSETS
Stocks 483,147 362,807
Debtors 5 499 1,165
Cash at bank 5,843 9,796
489,489 373,768
CREDITORS
Amounts falling due within one year 6 (383,279 ) (260,925 )
NET CURRENT ASSETS 106,210 112,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,210

112,857

CREDITORS
Amounts falling due after more than one year 7 (3,667 ) (8,067 )
NET ASSETS 102,543 104,790

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 102,443 104,690
SHAREHOLDERS' FUNDS 102,543 104,790

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FH DEVELOPMENTS LTD (REGISTERED NUMBER: 11473260)

BALANCE SHEET - continued
31 July 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 18 November 2024 and were signed on its behalf by:





Mrs L A Heeley - Director


FH DEVELOPMENTS LTD (REGISTERED NUMBER: 11473260)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024


1. STATUTORY INFORMATION

Fh Developments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stocks
Work in progress includes all direct material and labour costs incurred in bringing a contract to its state of completion at the year end.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


FH DEVELOPMENTS LTD (REGISTERED NUMBER: 11473260)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 2,621
DEPRECIATION
At 1 August 2023 2,607
Charge for year 14
At 31 July 2024 2,621
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 14

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 499 1,165

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,400 4,400
Other creditors 378,879 256,525
383,279 260,925

FH DEVELOPMENTS LTD (REGISTERED NUMBER: 11473260)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,667 8,067

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 8,067 12,467

The bank loan is secured by the Government under the Bounce Back loan initiative.

9. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £378,725 (2023 - £256,525) were outstanding at the year end, the amounts are repayable on demand.