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COMPANY REGISTRATION NUMBER: SC614281
JHP Transport (Holdings) Limited
Filleted Unaudited Financial Statements
For the year ended
30 November 2023
JHP Transport (Holdings) Limited
Financial Statements
Year ended 30 November 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
JHP Transport (Holdings) Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Investments
5
118
10
Current assets
Debtors
6
252,207
253,007
Cash at bank and in hand
178
129
---------
---------
252,385
253,136
Creditors: amounts falling due within one year
7
2,808
2,200
---------
---------
Net current assets
249,577
250,936
---------
---------
Total assets less current liabilities
249,695
250,946
---------
---------
Net assets
249,695
250,946
---------
---------
JHP Transport (Holdings) Limited
Statement of Financial Position (continued)
30 November 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
110
110
Profit and loss account
249,585
250,836
---------
---------
Shareholder funds
249,695
250,946
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- 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 were approved by the board of directors and authorised for issue on 30 September 2024 , and are signed on behalf of the board by:
Mr J Prentice
Director
Company registration number: SC614281
JHP Transport (Holdings) Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Mechanics Workshop, New Lanark, Lanark, ML11 9DB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to Nil (2022: Nil).
5. Investments
Shares in group undertakings
£
Cost
At 1 December 2022
10
Additions
108
----
At 30 November 2023
118
----
Impairment
At 1 December 2022 and 30 November 2023
----
Carrying amount
At 30 November 2023
118
----
At 30 November 2022
10
----
6. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
247,707
248,507
Other debtors
4,500
4,500
---------
---------
252,207
253,007
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
108
Other creditors
2,700
2,200
-------
-------
2,808
2,200
-------
-------
8. Director's advances, credits and guarantees
During the year the director withdrew £105,000 (2022 - £180,000) from the company and introduced £105,000 (2022 - £230,000). There was a balance of £200 (2022 - £200) due to the director at the year end.