HBHB Limited 12476129 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a nursery and pre-school. Digita Accounts Production Advanced 6.30.9574.0 true 12476129 2023-04-01 2024-03-31 12476129 2024-03-31 12476129 core:RetainedEarningsAccumulatedLosses 2024-03-31 12476129 core:ShareCapital 2024-03-31 12476129 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12476129 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 12476129 core:Goodwill 2024-03-31 12476129 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 12476129 bus:SmallEntities 2023-04-01 2024-03-31 12476129 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12476129 bus:FullAccounts 2023-04-01 2024-03-31 12476129 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12476129 bus:Director2 2023-04-01 2024-03-31 12476129 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12476129 core:Goodwill 2023-04-01 2024-03-31 12476129 core:LandBuildings 2023-04-01 2024-03-31 12476129 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12476129 countries:AllCountries 2023-04-01 2024-03-31 12476129 core:Goodwill 2023-03-31 12476129 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 12476129 2022-04-01 2023-03-31 12476129 2023-03-31 12476129 core:RetainedEarningsAccumulatedLosses 2023-03-31 12476129 core:ShareCapital 2023-03-31 12476129 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12476129 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 12476129 core:Goodwill 2023-03-31 12476129 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 12476129

HBHB Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

HBHB Limited

(Registration number: 12476129)

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

3

29,583

34,583

Tangible assets

4

1,331,583

1,360,583

 

1,361,166

1,395,166

Creditors: Amounts falling due within one year

5

(103,786)

(60,792)

Total assets less current liabilities

 

1,257,380

1,334,374

Creditors: Amounts falling due after more than one year

5

(790,339)

(1,068,665)

Net assets

 

467,041

265,709

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

467,039

265,707

Shareholders' funds

 

467,041

265,709

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 29 January 2025 and signed on its behalf by:
 

 

HBHB Limited

(Registration number: 12476129)

Balance Sheet as at 31 March 2024 (continued)

.........................................

D P Breen
Director

 

HBHB Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Statutory information

HBHB Limited is a private company, limited by shares, domiciled in England and Wales, company number 12476129. The registered office is at The Lodge, 20 Harlech Grove, Sheffield, S10 4NP.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Revenue is recognised in line with the delivery of services.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

 

HBHB Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

1

Accounting policies (continued)

Asset class

Depreciation method and rate

Freehold land and buildings

2% straight line per annum

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line per annum

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 18).

 

HBHB Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

3

Intangible assets

Goodwill
 £

Cost

At 1 April 2023

50,000

At 31 March 2024

50,000

Amortisation

At 1 April 2023

15,417

Amortisation charge

5,000

At 31 March 2024

20,417

Carrying amount

At 31 March 2024

29,583

At 31 March 2023

34,583

4

Tangible assets

Freehold land and buildings
£

Cost

At 1 April 2023

1,450,000

At 31 March 2024

1,450,000

Depreciation

At 1 April 2023

89,417

Charge for the year

29,000

At 31 March 2024

118,417

Carrying amount

At 31 March 2024

1,331,583

At 31 March 2023

1,360,583

 

HBHB Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Creditors

2024
£

2023
£

Due within one year

Trade creditors

3,900

4,980

Taxation and social security

95,516

51,314

Accruals and deferred income

4,370

4,498

103,786

60,792

2024
£

2023
£

Due after one year

Director's loan account

790,339

1,068,665

6

Related party transactions

During the period the directors had an interest free loan account with the company. The balance owed to the directors at the balance sheet date was £790,339 (2023 - £1,068,665).