Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-29083027992023-11-2912022-11-30falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08302799 2022-11-30 2023-11-29 08302799 2021-11-30 2022-11-29 08302799 2023-11-29 08302799 2022-11-29 08302799 c:Director1 2022-11-30 2023-11-29 08302799 d:Buildings 2022-11-30 2023-11-29 08302799 d:Buildings 2023-11-29 08302799 d:Buildings 2022-11-29 08302799 d:Buildings d:OwnedOrFreeholdAssets 2022-11-30 2023-11-29 08302799 d:PlantMachinery 2022-11-30 2023-11-29 08302799 d:PlantMachinery 2023-11-29 08302799 d:PlantMachinery 2022-11-29 08302799 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-30 2023-11-29 08302799 d:OwnedOrFreeholdAssets 2022-11-30 2023-11-29 08302799 d:CurrentFinancialInstruments 2023-11-29 08302799 d:CurrentFinancialInstruments 2022-11-29 08302799 d:Non-currentFinancialInstruments 2023-11-29 08302799 d:Non-currentFinancialInstruments 2022-11-29 08302799 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-29 08302799 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-29 08302799 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-29 08302799 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-29 08302799 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-29 08302799 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-29 08302799 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-29 08302799 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-29 08302799 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-29 08302799 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-29 08302799 d:ShareCapital 2023-11-29 08302799 d:ShareCapital 2022-11-29 08302799 d:RetainedEarningsAccumulatedLosses 2022-11-30 2023-11-29 08302799 d:RetainedEarningsAccumulatedLosses 2023-11-29 08302799 d:RetainedEarningsAccumulatedLosses 2022-11-29 08302799 c:OrdinaryShareClass1 2022-11-30 2023-11-29 08302799 c:OrdinaryShareClass1 2023-11-29 08302799 c:OrdinaryShareClass1 2022-11-29 08302799 c:FRS102 2022-11-30 2023-11-29 08302799 c:AuditExempt-NoAccountantsReport 2022-11-30 2023-11-29 08302799 c:FullAccounts 2022-11-30 2023-11-29 08302799 c:PrivateLimitedCompanyLtd 2022-11-30 2023-11-29 08302799 d:WithinOneYear 2023-11-29 08302799 d:WithinOneYear 2022-11-29 08302799 d:BetweenOneFiveYears 2023-11-29 08302799 d:BetweenOneFiveYears 2022-11-29 08302799 d:HirePurchaseContracts d:WithinOneYear 2023-11-29 08302799 d:HirePurchaseContracts d:WithinOneYear 2022-11-29 08302799 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-29 08302799 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-11-29 08302799 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-29 08302799 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-11-29 08302799 e:PoundSterling 2022-11-30 2023-11-29 xbrli:shares iso4217:GBP xbrli:pure



















Humberside Blocks (2012) Limited

Registered number: 08302799
Information for filing with the Registrar
For the year ended 29 November 2023

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
REGISTERED NUMBER: 08302799

STATEMENT OF FINANCIAL POSITION
AS AT 29 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
747,687
819,370

  
747,687
819,370

Current assets
  

Debtors: amounts falling due within one year
 5 
821,385
800,682

Cash at bank and in hand
  
454
135,780

  
821,839
936,462

Creditors: amounts falling due within one year
 6 
(531,366)
(881,561)

Net current assets
  
 
 
290,473
 
 
54,901

Total assets less current liabilities
  
1,038,160
874,271

Creditors: amounts falling due after more than one year
 7 
(925,418)
(778,501)

  

Net assets
  
112,742
95,770


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
 11 
112,741
95,769

  
112,742
95,770


- 1 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
REGISTERED NUMBER: 08302799
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2024.



D M Beaumont
Director

The notes on pages 3 to 13 form part of these financial statements.

- 2 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

1.


General information

Humberside Blocks Limited (the “Company”) is a private company, limited by shares and registered in England and Wales, registered number 08302799. The registered office is Thornhill Works Calder Road, Ravensthorpe, Dewsbury, WF12 9HY. 
The principal activity is the provision of manufacturing concrete products for construction purposes.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements have been presented in pound sterling which is the functional currency of the company, and rounded to the nearest £.

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern.
Accordingly the directors have a reasonable expectation that the company will continue in operational existence and thus they adopt the going concern basis of accounting in preparing the financial statements.

- 3 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

- 4 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold land and buildings
-
5% straight line (Land is not depreciated)
Plant & machinery
-
10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

- 5 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 
- 6 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.
 
- 7 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

- 8 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

4.


Tangible fixed assets





Freehold land and buildings
Plant & machinery
Total

£
£
£



Cost 


At 30 November 2022
783,677
475,000
1,258,677



At 29 November 2023

783,677
475,000
1,258,677



Depreciation


At 30 November 2022
40,307
399,000
439,307


Charge for the year on owned assets
24,183
47,500
71,683



At 29 November 2023

64,490
446,500
510,990



Net book value



At 29 November 2023
719,187
28,500
747,687



At 29 November 2022
743,370
76,000
819,370

Freehold land and buildings includes £300,000 of land which is not depreciated. 

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
19,250
29,750


5.


Debtors

2023
2022
£
£


Amounts owed by related parties
558,885
542,349

Prepayments and accrued income
262,500
258,333

821,385
800,682


- 9 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
9,999
5,833

Other loans
110,000
110,000

Trade creditors
38,610
45,662

Amounts owed to related parties
276,734
276,734

Corporation tax
12,993
17,049

Other taxation and social security
26,145
74,200

Obligations under finance lease and hire purchase contracts
50,000
46,083

Accruals and deferred income
6,885
306,000

531,366
881,561


Obligations under finance lease and hire purchase contracts are secured on the related assets.
Included within other loans is a loan between the Company and Glass Recycling (UK) Limited. Glass Recycling (UK) Limited have legal charges over the Freehold Property on the South Side of Main Street, Wath dated 31 January 2014.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,001
29,167

Other loans
760,417
545,417

Net obligations under finance leases and hire purchase contracts
150,000
203,917

925,418
778,501


Obligations under finance lease and hire purchase contracts are secured on the related assets.
Glass Recycling (UK) Limited have legal charges over the Freehold Property on the South Side of Main Street, Wath dated 31 January 2014.

- 10 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
9,999
5,833

Other loans
110,000
110,000


119,999
115,833

Amounts falling due 1-2 years

Bank loans
9,999
5,833

Other loans
110,000
110,000


119,999
115,833

Amounts falling due 2-5 years

Bank loans
5,002
23,334

Other loans
650,417
297,917


655,419
321,251

Amounts falling due after more than 5 years

Other loans
-
137,500

895,417
690,417



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
50,000
46,083

Between 1-5 years
150,000
203,917

200,000
250,000
- 11 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



11.


Reserves

Profit & loss account

The profit and loss account reserve represents cumulative profits and losses made by the Company to date less dividends distributed to shareholders.


12.


Commitments under operating leases

At 29 November 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
100,000
100,000

Later than 1 year and not later than 5 years
300,000
400,000

400,000
500,000


13.


Related party transactions

During the year Newlay Concrete Limited, an entity under common control, made purchases of £309,000 (2022: £60,000) from the Company, and charged £75,000 (2022: £Nil) in consultancy fees to the Company. 
During the year property was rented to Newlay Cast Stone Limited, an entity under common control, which realised a rental income of £45,000 (2022: £54,000).
Amounts due from/(to) the related parties at the year end are disclosed below:


2023
2022
£
£

Newlay Readymix Limited
(145,320)
(145,320)
Newlay Concrete Limited
548,085
531,549
Hargreaves GB Limited
(131,414)
(131,414)
Newlay Cast Stone Limited
10,800
10,800

- 12 -

 
 08302799
29 November 2023
HUMBERSIDE BLOCKS (2012) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2023

14.


Controlling party

The ultimate and immediate controlling party is Mr D M Beaumont by virtue of his majority shareholding.

 
- 13 -