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REGISTERED NUMBER: 13230913 (England and Wales)















J W Hughes Property Holdings Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024






J W Hughes Property Holdings Ltd (Registered number: 13230913)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J W Hughes Property Holdings Ltd

Company Information
for the year ended 31 July 2024







Directors: F A Bellenger
J Hughes
J Hughes
D Hughes





Registered office: Second Floor LHS
10 Bull Plain
Hertford
Hertfordshire
SG14 1DT





Registered number: 13230913 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

J W Hughes Property Holdings Ltd (Registered number: 13230913)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment property 4 1,055,000 1,055,000

Current assets
Debtors 5 1,434 1,779
Cash at bank 16,684 2,637
18,118 4,416
Creditors
Amounts falling due within one year 6 335,254 332,009
Net current liabilities (317,136 ) (327,593 )
Total assets less current liabilities 737,864 727,407

Creditors
Amounts falling due after more than one
year

7

727,100

727,100
Net assets 10,764 307

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 10,664 207
10,764 307

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

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

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 11 February 2025 and were signed on its behalf by:





J Hughes - Director


J W Hughes Property Holdings Ltd (Registered number: 13230913)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

J W Hughes Property Holdings Ltd 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 preparation
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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Turnover comprises revenue recognised by the company in respect of rents receivable.

Investment property
Investment Property, which is property held to earn rentals and/or for capital appreciation is initially recognised at costs which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in the fair value are recognised in the profit and loss. Deferred taxation is provided on gains at the rate expected to apply when the property is sold.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

J W Hughes Property Holdings Ltd (Registered number: 13230913)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. Investment property
Total
£
Fair value
At 1 August 2023
and 31 July 2024 1,055,000
Net book value
At 31 July 2024 1,055,000
At 31 July 2023 1,055,000

5. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 1,434 1,779

6. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings 329,309 329,309
Taxation and social security 3,110 -
Other creditors 2,835 2,700
335,254 332,009

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans (see note 8) 727,100 727,100

8. Loans

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due between two and five years:
Bank loans - 2-5 years 727,100 727,100

Paragon Bank PLC holds a fixed and floating charge over the assets of the company.

9. Called up share capital

Allotted Class: Nominal 2024 2023
Number: value: £    £
52 Ordinary A 1 52 52
12 Ordinary B 1 12 12
12 Ordinary C 1 12 12
12 Ordinary D 1 12 12
12 Ordinary E 1 12 12
100 100

J W Hughes Property Holdings Ltd (Registered number: 13230913)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


10. Reserves
Retained
earnings
£

At 1 August 2023 207
Profit for the year 10,457
At 31 July 2024 10,664