REGISTERED NUMBER: |
JAMES HOLDSWORTH & BROTHERS GROUP |
LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Vernon House |
40 New North Road |
Huddersfield |
West Yorkshire |
HD1 5LS |
BANKERS: |
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 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Non-distributable reserve | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced rents and service charges, excluding value added tax, recognised on an accruals basis. |
Tangible fixed assets |
Plant and machinery etc | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 September 2023 |
and 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
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 |
Additions |
Revaluations | 142,400 |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
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 |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
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 |
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 |
Revaluation | 142,400 |
At 31 August 2024 |
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. |