Registered number
08166990
Hennery-Harrold Limited
Unaudited Filleted Accounts
31 August 2024
Hennery-Harrold Limited
Registered number: 08166990
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 250,000 250,000
Current assets
Stocks 181,567 181,567
Debtors 4 1,200 300
Cash at bank and in hand 15,895 25,366
198,662 207,233
Creditors: amounts falling due within one year 5 (296,850) (299,545)
Net current liabilities (98,188) (92,312)
Total assets less current liabilities 151,812 157,688
Creditors: amounts falling due after more than one year 6 (105,115) (105,115)
Provisions for liabilities (10,000) (10,000)
Net assets 36,697 42,573
Capital and reserves
Called up share capital 100 100
Fair value reserve 8 41,391 41,391
Profit and loss account (4,794) 1,082
Shareholders' funds 36,697 42,573
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E Paxton
Director
Approved by the board on 13 January 2025
Hennery-Harrold Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Investment properties
Investment properties are revalued annually by the directors. The revaluation surplus / deficit is credited / charged directly to the profit and loss account in accordance with the provisions of FRS 102.
Deferred tax is provided on the cumulative revaluation surplus.
The cumulative revaluation surplus, net of the deferred tax thereon. Is credited to the fair value reserve in the balance sheet. The fair value reserve is a non-distributable reserve.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Valuation
At 1 September 2023 250,000
At 31 August 2024 250,000
Investment properties are revalued annually at the end of the financial year by the directors.
4 Debtors 2024 2023
£ £
Other debtors 1,200 300
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 96 -
Taxation and social security costs - 3,176
Other creditors 296,754 296,369
296,850 299,545
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 105,115 105,115
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 105,115 105,115
8 Fair value reserve 2024 2023
£ £
At 1 September 2023 41,391 25,391
Gain on revaluation of investment properties - 20,000
Deferred taxation arising on the revaluation of investment properties - (4,000)
At 31 August 2024 41,391 41,391
9 Other information
Hennery-Harrold Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Little Aston Lane
Little Aston
Sutton Coldfield
B74 3UF
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