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REGISTERED NUMBER: 04656087 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Horsforth Developments Limited

Horsforth Developments Limited (Registered number: 04656087)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Horsforth Developments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A P Beverley
C P Sykes





SECRETARY: C P Sykes





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 04656087 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Horsforth Developments Limited (Registered number: 04656087)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 670,000 670,000

CURRENT ASSETS
Stocks 135,910 -
Debtors 5 - 1,490
Cash at bank 8,640 24,894
144,550 26,384
CREDITORS
Amounts falling due within one year 6 116,826 27,540
NET CURRENT ASSETS/(LIABILITIES) 27,724 (1,156 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,724

668,844

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 302,758 302,758
Retained earnings 394,964 366,084
SHAREHOLDERS' FUNDS 697,724 668,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 29 November 2024 and were signed on its behalf by:




A P Beverley - Director



C P Sykes - Director


Horsforth Developments Limited (Registered number: 04656087)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Horsforth Developments Limited 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.

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 as modified by the revaluation of certain assets.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 670,000
NET BOOK VALUE
At 29 February 2024 670,000
At 28 February 2023 670,000

Horsforth Developments Limited (Registered number: 04656087)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2006 184,193
Valuation in 2023 118,562
Cost 367,245
670,000

The revaluation was carried out by the company directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax - 1,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors - 7,542
Tax 6,847 19
Other creditors 109,679 19,679
Accrued expenses 300 300
116,826 27,540

7. RESERVES
Fair
value
reserve
£   
At 1 March 2023
and 29 February 2024 302,758

8. RELATED PARTY DISCLOSURES

The company is controlled by the company directors.