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REGISTERED NUMBER: 09125473 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

HC1231 LIMITED

HC1231 LIMITED (REGISTERED NUMBER: 09125473)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HC1231 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: D L Shepheard
H M Shepheard





REGISTERED OFFICE: 201 St Bernards Road
Solihull
B92 7DL





REGISTERED NUMBER: 09125473 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

HC1231 LIMITED (REGISTERED NUMBER: 09125473)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4,516,075 4,656,527

CURRENT ASSETS
Stocks 1,421,652 1,421,652
Debtors 5 235,220 50,824
Cash at bank 272,972 925,586
1,929,844 2,398,062
CREDITORS
Amounts falling due within one year 6 1,288,002 2,061,142
NET CURRENT ASSETS 641,842 336,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,157,917

4,993,447

PROVISIONS FOR LIABILITIES 86,219 9,340
NET ASSETS 5,071,698 4,984,107

CAPITAL AND RESERVES
Called up share capital 3,000,004 3,000,004
Fair value reserve 7 344,876 49,155
Retained earnings 1,726,818 1,934,948
5,071,698 4,984,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

HC1231 LIMITED (REGISTERED NUMBER: 09125473)

BALANCE SHEET - continued
5 APRIL 2024


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 10 January 2025 and were signed on its behalf by:





D L Shepheard - Director


HC1231 LIMITED (REGISTERED NUMBER: 09125473)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024


1. STATUTORY INFORMATION

HC1231 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

HC1231 LIMITED (REGISTERED NUMBER: 09125473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 April 2023 4,656,527
Additions 11,404
Disposals (447,577 )
Revaluations 295,721
At 5 April 2024 4,516,075
NET BOOK VALUE
At 5 April 2024 4,516,075
At 5 April 2023 4,656,527

Cost or valuation at 5 April 2024 is represented by:

Other
investments
£   
Valuation in 2021 450,137
Valuation in 2022 4,690,082
Valuation in 2023 (483,692 )
Valuation in 2024 (140,452 )
4,516,075

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

John David Homes Limited
Registered office: Prosperity House, Hanborough Business Park, Long Hanborough, Witney, Oxfordshire, United Kingdom, OX29 8LH
Nature of business: Property development
%
Class of shares: holding
Ordinary 25.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 235,220 50,824

HC1231 LIMITED (REGISTERED NUMBER: 09125473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,112,957 1,613,247
Other creditors 175,045 447,895
1,288,002 2,061,142

7. RESERVES
Fair
value
reserve
£   
At 6 April 2023 49,155
Transfer to fair value 295,721

At 5 April 2024 344,876

8. CAPITAL COMMITMENTS

At 5 April 2023 the Company had capital commitments in respect of its investments as follows:

20242023
$   $   

Investments committed but not called up236,950251,450

9. RELATED PARTY DISCLOSURES

During the year, D Shepheard and his wife maintained an unsecured loan to the company. This loan is interest free and repayable on demand. At the end of the year, the balance of this loan owing by the company was £158,645 (2023: £431,495).