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REGISTERED NUMBER: 04631906 (England and Wales)















J.W. Hughes Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






J.W. Hughes Holdings Limited (Registered number: 04631906)

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 Holdings Limited

Company Information
for the year ended 31 July 2024







Directors: F A Bellenger
J Hughes
J Hughes
D Hughes
G A Hughes





Secretary: G A Hughes





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





Registered number: 04631906 (England and Wales)





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

J.W. Hughes Holdings Limited (Registered number: 04631906)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investments 4 667 667
Investment property 5 350,000 350,000
350,667 350,667

Current assets
Debtors 6 2,172,319 1,377,297
Cash at bank 93,749 737,142
2,266,068 2,114,439
Creditors
Amounts falling due within one year 7 878,410 738,689
Net current assets 1,387,658 1,375,750
Total assets less current liabilities 1,738,325 1,726,417

Provisions for liabilities 87,500 60,800
Net assets 1,650,825 1,665,617

Capital and reserves
Called up share capital 8 100 100
Fair value reserve 9 262,500 289,200
Retained earnings 9 1,388,225 1,376,317
1,650,825 1,665,617

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 Holdings Limited (Registered number: 04631906)

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


1. Statutory information

J.W. Hughes Holdings Limited 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 preparing the financial statements
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 as modified by the revaluation of certain assets.

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 taxes.

Turnover represents rent and management charges receivable during the year.

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.


J.W. Hughes Holdings Limited (Registered number: 04631906)

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


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. Employees and directors

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

4. Fixed asset investments
Other
investments
£
Cost
At 1 August 2023
and 31 July 2024 667
Net book value
At 31 July 2024 667
At 31 July 2023 667

5. Investment property
Total
£
Fair value
At 1 August 2023
and 31 July 2024 350,000
Net book value
At 31 July 2024 350,000
At 31 July 2023 350,000

Fair value at 31 July 2024 is represented by:
£
Valuation in 2023 30,000
Valuation in 2022 320,000
350,000

Investment property was valued on a fair value basis on 31 July 2024 by the directors .

6. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings - 206,538
Other debtors 2,172,319 1,170,759
2,172,319 1,377,297

J.W. Hughes Holdings Limited (Registered number: 04631906)

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


7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors - 481
Amounts owed to group undertakings 438,043 715,540
Taxation and social security 5,930 7,985
Other creditors 434,437 14,683
878,410 738,689

8. 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

9. Reserves
Retained Fair value
earnings reserve Totals
£ £ £

At 1 August 2023 1,376,317 289,200 1,665,517
Profit for the year 230,958 - 230,958
Dividends (250,000 ) - (250,000 )
Property revaluation 26,700 (26,700 ) -
No description 4,250 - 4,250
At 31 July 2024 1,388,225 262,500 1,650,725

10. Related party disclosures

Included within other creditors is £426,445 (2023: £6,445) due to the directors from the company.

Included within other debtors is £574,026 (2023: £780,564) owed from connected companies and £1,597,431 (2023: £579,155) owed from associated companies. Included within other creditors is £105,814 (2023: £107,189) owed to connected companies and £332,230 (2023: £608,351) owed to associated companies.