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REGISTERED NUMBER: 00275938 (England and Wales)















JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: Mr W A Holdsworth
Mr M J Campbell
Mr D M Campbell
Mr J A Holdsworth
Mrs A Holdsworth



SECRETARY: Mr M J Campbell



REGISTERED OFFICE: Unit 3A Holme Mills
West Slaithwaite Road
Marsden
Huddersfield
West Yorkshire
HD7 6LS



REGISTERED NUMBER: 00275938 (England and Wales)



ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS



BANKERS: Handelsbanken
12 Longbow Close
Pennine Business Park
Bradley
Huddersfield
HD2 1GQ

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,535 3,803
Investments 5 10 10
Investment property 6 3,060,000 2,840,000
3,062,545 2,843,813

CURRENT ASSETS
Debtors 7 152,649 239,546
Cash at bank 70,193 25,675
222,842 265,221
CREDITORS
Amounts falling due within one year 8 (307,161 ) (293,363 )
NET CURRENT LIABILITIES (84,319 ) (28,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,978,226

2,815,671

CREDITORS
Amounts falling due after more than one
year

9

(667,500

)

(610,000

)
NET ASSETS 2,310,726 2,205,671

CAPITAL AND RESERVES
Called up share capital 11,060 11,060
Non-distributable reserve 11 680,010 537,610
Retained earnings 1,619,656 1,657,001
SHAREHOLDERS' FUNDS 2,310,726 2,205,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

BALANCE SHEET - continued
31 August 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 8 January 2025 and were signed on its behalf by:




Mr W A Holdsworth - Director



Mr M J Campbell - Director


JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION

James Holdsworth & Brothers Group 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.

Turnover
Turnover represents net invoiced rents and service charges, excluding value added tax, recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Government grants
Government grants is made up of a grant received for the fitting of solar panels. The income has been matched to the period in which the costs relate.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 10,030
DEPRECIATION
At 1 September 2023 6,227
Charge for year 1,268
At 31 August 2024 7,495
NET BOOK VALUE
At 31 August 2024 2,535
At 31 August 2023 3,803

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 September 2023
and 31 August 2024 10
NET BOOK VALUE
At 31 August 2024 10
At 31 August 2023 10

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 2,840,000
Additions 77,600
Revaluations 142,400
At 31 August 2024 3,060,000
NET BOOK VALUE
At 31 August 2024 3,060,000
At 31 August 2023 2,840,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 3,060,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,302,391 2,302,391

Investment properties were valued on an open market basis on 31 August 2024 by Bramleys .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,756 93,921
Other debtors 133,893 145,625
152,649 239,546

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 19,051 164,698
Taxation and social security 4,124 12,363
Other creditors 243,986 76,302
307,161 293,363

JAMES HOLDSWORTH & BROTHERS GROUP
LIMITED (REGISTERED NUMBER: 00275938)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 667,500 610,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 507,500 450,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 707,500 650,000

Handelsbanken PLC holds an unlimited guarantee for James Holdsworth & Brothers Group Limited. The guarantee is secured by a fixed and floating charge on the property, assets and undertakings of the group.

The Coronavirus Business Interruption Loan is partly secured under government backed initiatives and against company assets.

11. RESERVES
Non-distributable
reserve
£   
At 1 September 2023 537,610
Revaluation 142,400

At 31 August 2024 680,010

12. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £96,044 (2023: £7,613) were outstanding at the year end. Loans will be repaid when funds permit.

A loan of £133,705 (2023: £128,967) was owing in the year from Townend Weaving Huddersfield Limited on an interest free basis and is due under one year when funds permit. James Holdsworth & Brothers Group Ltd hold shares in Townend Weaving Huddersfield Ltd.