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Registration number: 00784063

N & H Investments Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

N & H Investments Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

N & H Investments Limited

Company Information

Directors

Mr Nicholas Carney

Mrs Sarah Jane Carney

Mr Henry Carney

Company secretary

Mr Nicholas Carney

Registered office

Stowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

Accountants

David Evans & Co
Chartered AccountantsStowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

 

N & H Investments Limited

(Registration number: 00784063)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,668,200

3,649,412

Current assets

 

Debtors

11,842

44,742

Cash at bank and in hand

 

346,995

251,042

 

358,837

295,784

Prepayments and accrued income

 

11,681

10,532

Creditors: Amounts falling due within one year

(44,032)

(52,154)

Net current assets

 

326,486

254,162

Total assets less current liabilities

 

3,994,686

3,903,574

Accruals and deferred income

 

(12,487)

(12,792)

Net assets

 

3,982,199

3,890,782

Capital and reserves

 

Called up share capital

5

300

300

Revaluation reserve

1,614,879

1,614,879

Retained earnings

2,367,020

2,275,603

Shareholders' funds

 

3,982,199

3,890,782

For the financial year ending 30 September 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2024 and signed on its behalf by:
 

.........................................
Mr Nicholas Carney
Company secretary and director

 

N & H Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Stowegate House
Lombard Street
Lichfield
Staffs
WS13 6DP

The principal place of business is:
Evas Cottage
Bellamour Lane
Colton
Staffs
WS15 3LP

These financial statements were authorised for issue by the Board on 14 January 2024.

2

Accounting policies

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

N & H Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

not depreciated

Plant and machinery

25% reducing balance

Fixture and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

N & H Investments Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

3,640,198

14,595

26,029

3,680,822

Additions

-

25,338

-

25,338

At 30 September 2024

3,640,198

39,933

26,029

3,706,160

Depreciation

At 1 October 2023

-

9,310

22,100

31,410

Charge for the year

-

4,150

2,400

6,550

At 30 September 2024

-

13,460

24,500

37,960

Carrying amount

At 30 September 2024

3,640,198

26,473

1,529

3,668,200

At 30 September 2023

3,640,198

5,285

3,929

3,649,412

Included within the net book value of land and buildings above is £3,450,000 (2023 - £3,450,000) in respect of freehold land and buildings and £190,198 (2023 - £190,198) in respect of long leasehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

300

300

300

300