Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true22023-01-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10520318 2023-01-01 2023-12-31 10520318 2022-01-01 2022-12-31 10520318 2023-12-31 10520318 2022-12-31 10520318 c:Director1 2023-01-01 2023-12-31 10520318 d:FurnitureFittings 2023-01-01 2023-12-31 10520318 d:ComputerEquipment 2023-01-01 2023-12-31 10520318 d:ComputerEquipment 2023-12-31 10520318 d:ComputerEquipment 2022-12-31 10520318 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10520318 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 10520318 d:FreeholdInvestmentProperty 2023-12-31 10520318 d:FreeholdInvestmentProperty 2022-12-31 10520318 d:CurrentFinancialInstruments 2023-12-31 10520318 d:CurrentFinancialInstruments 2022-12-31 10520318 d:Non-currentFinancialInstruments 2023-12-31 10520318 d:Non-currentFinancialInstruments 2022-12-31 10520318 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10520318 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10520318 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10520318 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10520318 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 10520318 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 10520318 d:ShareCapital 2023-12-31 10520318 d:ShareCapital 2022-12-31 10520318 d:InvestmentPropertiesRevaluationReserve 2023-01-01 2023-12-31 10520318 d:InvestmentPropertiesRevaluationReserve 2023-12-31 10520318 d:InvestmentPropertiesRevaluationReserve 2022-12-31 10520318 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10520318 d:RetainedEarningsAccumulatedLosses 2023-12-31 10520318 d:RetainedEarningsAccumulatedLosses 2022-12-31 10520318 c:FRS102 2023-01-01 2023-12-31 10520318 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10520318 c:FullAccounts 2023-01-01 2023-12-31 10520318 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10520318 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10520318 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 10520318 2 2023-01-01 2023-12-31 10520318 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10520318









JH AND FAMILY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
JH AND FAMILY HOLDINGS LIMITED
REGISTERED NUMBER: 10520318

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,617
3,270

Investment property
 6 
997,174
937,360

  
998,791
940,630

Current assets
  

Debtors: amounts falling due within one year
 7 
-
1,231

Cash at bank and in hand
 8 
15,935
20,339

  
15,935
21,570

Creditors: amounts falling due within one year
 9 
(635,576)
(202,846)

Net current liabilities
  
 
 
(619,641)
 
 
(181,276)

Total assets less current liabilities
  
379,150
759,354

Creditors: amounts falling due after more than one year
 10 
-
(333,030)

Provisions for liabilities
  

Deferred tax
 12 
(64,085)
(74,008)

  
 
 
(64,085)
 
 
(74,008)

Net assets
  
315,065
352,316


Capital and reserves
  

Called up share capital 
  
1
1

Investment property reserve
 13 
291,113
312,863

Profit and loss account
 13 
23,951
39,452

  
315,065
352,316


Page 1

 
JH AND FAMILY HOLDINGS LIMITED
REGISTERED NUMBER: 10520318
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 period 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 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 24 December 2024.




................................................
K. S. Hundal
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
JH AND FAMILY HOLDINGS LIMITED
REGISTERED NUMBER: 10520318

ANALYSIS OF NET DEBT
FOR THE PERIOD ENDED 31 DECEMBER 2023




At 1 January 2023
Cash flows
At 31 December 2023
£

£

£

Cash at bank and in hand

20,339

(4,404)

15,935

Debt due after 1 year

(333,030)

333,030

-

Debt due within 1 year

(19,413)

(319,363)

(338,776)


(332,104)
9,263
(322,841)

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
JH AND FAMILY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The legal form of the entity is a private company limited by shares registered in England and Wales and the registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow, HA1 2BY.

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 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 following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 4

 
JH AND FAMILY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.


 
2.7

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.

Land is not depreciated. Depreciation on other assets 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:

Fixtures and fittings
-
25%
Computer equipment
-
25%

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 5

 
JH AND FAMILY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

Enter user text here... 

Page 6

 
JH AND FAMILY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).


5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
6,615



At 31 December 2023

6,615



Depreciation


At 1 January 2023
3,345


Charge for the period on owned assets
1,653



At 31 December 2023

4,998



Net book value



At 31 December 2023
1,617



At 31 December 2022
3,270

Page 7

 
JH AND FAMILY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
937,360


Additions at cost
59,814



At 31 December 2023
997,174


Comprising


Cost
661,504

Revaluation surplus/(deficit):


2021
386,250

2023
(50,580)

At 31 December 2023
997,174

The 2023 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
661,504
585,340

661,504
585,340


7.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
(1)

Other debtors
-
1,232

-
1,231


Page 8

 
JH AND FAMILY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
15,935
20,339

15,935
20,339



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
338,776
19,413

Trade creditors
-
99

Amounts owed to group undertakings
291,166
179,317

Corporation tax
-
817

Accruals and deferred income
5,634
3,200

635,576
202,846


The following liabilities were secured:

2023
2022
£
£



Bank loans
338,776
19,413

338,776
19,413

Details of security provided:

Fixed charge over specific fixed asset investments that also contains negative pledges.

Page 9

 
JH AND FAMILY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
333,030

-
333,030


The following liabilities were secured:

2023
2022
£
£



Bank loans
-
333,030

-
333,030

Details of security provided:

Fixed charge over specific fixed asset investments that also contains negative pledges.


11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
338,776
19,413


338,776
19,413

Amounts falling due 1-2 years

Bank loans
-
333,030


-
333,030



338,776
352,443


Page 10

 
JH AND FAMILY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

12.


Deferred taxation




2023


£






At beginning of year
(74,009)


Charged to profit or loss
314


Charged to other comprehensive income
9,610



At end of year
(64,085)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(64,085)
(74,009)

(64,085)
(74,009)


13.


Reserves

Investment property revaluation reserve

Investment property revaluation reserve represents unrealised surplus/deficit on valuation of assets net of attributable deferred tax charged to income statement.

Profit and loss account

Profit and loss reserve represents accumulated realised distributable profits.

 
Page 11