Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-07-01false33falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04945640 2023-07-01 2024-06-30 04945640 2022-07-01 2023-06-30 04945640 2024-06-30 04945640 2023-06-30 04945640 c:Director1 2023-07-01 2024-06-30 04945640 d:PlantMachinery 2023-07-01 2024-06-30 04945640 d:PlantMachinery 2024-06-30 04945640 d:PlantMachinery 2023-06-30 04945640 d:FreeholdInvestmentProperty 2024-06-30 04945640 d:FreeholdInvestmentProperty 2023-06-30 04945640 d:FreeholdInvestmentProperty 2 2023-07-01 2024-06-30 04945640 d:CurrentFinancialInstruments 2024-06-30 04945640 d:CurrentFinancialInstruments 2023-06-30 04945640 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04945640 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04945640 d:ShareCapital 2024-06-30 04945640 d:ShareCapital 2023-06-30 04945640 d:InvestmentPropertiesRevaluationReserve 2023-07-01 2024-06-30 04945640 d:InvestmentPropertiesRevaluationReserve 2024-06-30 04945640 d:InvestmentPropertiesRevaluationReserve 2023-06-30 04945640 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 04945640 d:RetainedEarningsAccumulatedLosses 2024-06-30 04945640 d:RetainedEarningsAccumulatedLosses 2023-06-30 04945640 c:OrdinaryShareClass1 2023-07-01 2024-06-30 04945640 c:OrdinaryShareClass1 2024-06-30 04945640 c:OrdinaryShareClass1 2023-06-30 04945640 c:FRS102 2023-07-01 2024-06-30 04945640 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04945640 c:FullAccounts 2023-07-01 2024-06-30 04945640 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04945640 f:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04945640










Humphries & Parks Holdings Limited








Unaudited

Directors' report and financial statements

For the year ended 30 June 2024




 
Humphries & Parks Holdings Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Humphries & Parks Holdings Limited for the year ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Humphries & Parks Holdings Limited for the year ended 30 June 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Humphries & Parks Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 5 December 2023Our work has been undertaken solely to prepare for your approval the financial statements of Humphries & Parks Holdings Limited and state those matters that we have agreed to state to the Board of directors of Humphries & Parks Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Humphries & Parks Holdings Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Humphries & Parks Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Humphries & Parks Holdings Limited. You consider that Humphries & Parks Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Humphries & Parks Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
10 January 2025
Page 1

 
Humphries & Parks Holdings Limited
Registered number: 04945640

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 6 
3,696,000
3,206,072

  
3,696,000
3,206,072

Current assets
  

Debtors: amounts falling due within one year
 7 
3,302
13,159

Cash at bank and in hand
  
86,569
107,196

  
89,871
120,355

Creditors: amounts falling due within one year
 8 
(34,512)
(105,031)

Net current assets
  
 
 
55,359
 
 
15,324

Total assets less current liabilities
  
3,751,359
3,221,396

  

Net assets
  
3,751,359
3,221,396


Capital and reserves
  

Called up share capital 
 9 
250
250

Investment property reserve
 10 
916,217
517,987

Profit and loss account
 10 
2,834,892
2,703,159

  
3,751,359
3,221,396


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 year 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 income and retained earnings 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 by: 




J C Humphries
Director

Date: 10 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Humphries & Parks Holdings Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

Humphries & Parks Holdings Limited, company number 04945640, is a private company limited by shares and is incorporated in England.  The address of the registered office is Montague Place, Quayside, Chatham Maritime, Chatham, Kent, ME4 4QU.

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

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.

Depreciation 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:

Plant and machinery
-
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 3

 
Humphries & Parks Holdings Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Taxation

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 balance sheet 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 balance sheet 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 balance sheet date.


Page 4

 
Humphries & Parks Holdings Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that can affect the amounts reported for assets and liabilities, and the results for the year. The nature of estimation is such though that actual outcomes could differ significantly from those estimates.
The following judgements have had the most signficant impact on amounts recognised in the financial statements:
Investment property
The company holds investment property which is carried at fair value at the reporting date of £3,696,000 (note 6). In order to determine the fair value the directors have used a valuation technique based on comparable market data. The determined fair value of the investment propeorty is most sensitive to fluctuations in the property market.
Taxation
The Directors have considered that the reversal of timing differences requires no provision for deferred tax balances could be made. 


4.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


5.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2023
30,085



At 30 June 2024

30,085



Depreciation


At 1 July 2023
30,085



At 30 June 2024

30,085



Net book value



At 30 June 2024
-



At 30 June 2023
-

Page 5

 
Humphries & Parks Holdings Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

6.


Investment property


Freehold property

£



Valuation


At 1 July 2023
3,206,072


Surplus on revaluation
489,928



At 30 June 2024
3,696,000

The 2024 valuations were made by the Directors, on an open market value for existing use basis.





7.


Debtors

2024
2023
£
£


Trade debtors
3,302
13,159



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
500
-

Corporation tax
9,280
16,783

Other taxation and social security
8,826
15,240

Other creditors
4,500
54,500

Accruals and deferred income
11,406
18,508

34,512
105,031



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



250 (2023 - 250) Ordinary shares of £1.00 each
250
250


Page 6

 
Humphries & Parks Holdings Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

10.


Reserves

Investment property revaluation reserve

The company has adopted the revaluation model for the measurement of its investment properties. This reserve records the revaluation surplus recognised.

Profit & loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders.


11.


Controlling party

The company is not under the control of any one individual.


Page 7