Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-303The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the company continued to be that of estate agents.2022-12-01false3truetrue 7285430 2022-12-01 2023-11-30 7285430 2021-12-01 2022-11-30 7285430 2023-11-30 7285430 2022-11-30 7285430 c:Director1 2022-12-01 2023-11-30 7285430 c:Director2 2022-12-01 2023-11-30 7285430 c:Director3 2022-12-01 2023-11-30 7285430 c:RegisteredOffice 2022-12-01 2023-11-30 7285430 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-11-30 7285430 d:Buildings d:ShortLeaseholdAssets 2023-11-30 7285430 d:Buildings d:ShortLeaseholdAssets 2022-11-30 7285430 d:FurnitureFittings 2022-12-01 2023-11-30 7285430 d:FurnitureFittings 2023-11-30 7285430 d:FurnitureFittings 2022-11-30 7285430 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 7285430 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 7285430 d:CurrentFinancialInstruments 2023-11-30 7285430 d:CurrentFinancialInstruments 2022-11-30 7285430 d:Non-currentFinancialInstruments 2023-11-30 7285430 d:Non-currentFinancialInstruments 2022-11-30 7285430 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 7285430 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 7285430 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 7285430 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 7285430 d:ShareCapital 2023-11-30 7285430 d:ShareCapital 2022-11-30 7285430 d:RetainedEarningsAccumulatedLosses 2023-11-30 7285430 d:RetainedEarningsAccumulatedLosses 2022-11-30 7285430 c:FRS102 2022-12-01 2023-11-30 7285430 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 7285430 c:FullAccounts 2022-12-01 2023-11-30 7285430 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 7285430 d:WithinOneYear 2023-11-30 7285430 d:WithinOneYear 2022-11-30 7285430 d:BetweenOneFiveYears 2023-11-30 7285430 d:BetweenOneFiveYears 2022-11-30 7285430 d:MoreThanFiveYears 2023-11-30 7285430 d:MoreThanFiveYears 2022-11-30 iso4217:GBP xbrli:pure
Company registration number: 7285430







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 NOVEMBER 2023


HENRY JAMES PROPERTIES LTD






































                        

 


HENRY JAMES PROPERTIES LTD
 


 
COMPANY INFORMATION


Directors
Mr P Grover 
Mr N Grover 
Mr M Page 




Registered number
7285430



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


HENRY JAMES PROPERTIES LTD
REGISTERED NUMBER:7285430



STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,276
5,604

  
4,276
5,604

Current assets
  

Debtors: amounts falling due within one year
 5 
252,378
254,538

Cash at bank and in hand
  
8,761
40,218

  
261,139
294,756

Creditors: amounts falling due within one year
 6 
(169,413)
(148,063)

Net current assets
  
 
 
91,726
 
 
146,693

Total assets less current liabilities
  
96,002
152,297

Creditors: amounts falling due after more than one year
 7 
(15,258)
(25,903)

  

Net assets
  
80,744
126,394


Capital and reserves
  

Called up share capital 
  
560
560

Profit and loss account
  
80,184
125,834

  
80,744
126,394


The directors consider 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 directors acknowledge their 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 income and retained earnings 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 by: 

Mr P Grover
Director

Date: 29 November 2024

Page 1

 


HENRY JAMES PROPERTIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Henry James Properties Limited is a private company, limited by shares, registered in England and Wales, company registration number 07285430. The registered office is disclosed on the company information page.
The trading address is 35 High Street Barnet, Hertfordshire, EN5 5UW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has reviewed the working capital requirements of the company and believes the company will be able to meet its liabilities as they fall due. As such the accounts have been prepared on a going concern basis.

  
2.3

Turnover

Turnover represents amounts receivable for estate agencies services net of VAT and trade discounts.
Commission on sale of properties is recognised on exchange of contracts. Fees earned for let out
properties are recognised when the tenant is committed to the tenancy. Other fees are recognised in
accordance with underlying terms of engagement.

  
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102.

 
2.5

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Land and buildings Leasehold
-
over the period of the lease
Fixtures and fittings
-
25 % reducing balance method

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.

Page 2

 


HENRY JAMES PROPERTIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

 
2.8

Financial instruments

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 and investments in ordinary shares.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 3

 


HENRY JAMES PROPERTIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Leasehold Property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 December 2022
15,435
21,383
36,818



At 30 November 2023

15,435
21,383
36,818



Depreciation


At 1 December 2022
13,984
17,230
31,214


Charge for the year on owned assets
290
1,038
1,328



At 30 November 2023

14,274
18,268
32,542



Net book value



At 30 November 2023
1,161
3,115
4,276



At 30 November 2022
1,451
4,153
5,604


5.


Debtors

2023
2022
£
£


Trade debtors
10,070
29,506

Other debtors
194,082
178,820

Called up share capital not paid
160
160

Prepayments and accrued income
2,411
1,305

Tax recoverable
45,655
44,747

252,378
254,538


Page 4

 


HENRY JAMES PROPERTIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
41,364
-

Bank loans
10,000
10,000

Trade creditors
27,048
15,523

Corporation tax
25,059
41,879

Other taxation and social security
21,067
30,012

Other creditors
44,875
50,649

169,413
148,063



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,258
25,903

15,258
25,903



8.


Commitments under operating leases

At 30 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
23,000
24,651

Later than 1 year and not later than 5 years
92,000
92,000

Later than 5 years
41,783
64,783

156,783
181,434


9.


Transactions with directors

Included within other debtors are balances due from directors amounting to £180,583 (2022: £165,321).
Amounts advanced during the year totalled £55,900 (2022: £61,700).
Amounts repaid during the year totalled £44,340 (2022: £73,298).
Interest arising on these balances totalled £3,702 (2022: £3,138).
 

Page 5

 


HENRY JAMES PROPERTIES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Related party transactions

Within other creditors, there is a balance of £15,151 (2022: £31,944) owed to one of the shareholders. The loan has been provided interest free.

 
Page 6