Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Mr B T Hulson Mr B E Mancey 06 November 2024 The principal activity of the company continued to be the provision of management services, letting of property and rental of cars. 02262130 2024-08-31 02262130 2023-08-31 02262130 core:CurrentFinancialInstruments 2024-08-31 02262130 core:CurrentFinancialInstruments 2023-08-31 02262130 core:ShareCapital 2024-08-31 02262130 core:ShareCapital 2023-08-31 02262130 core:OtherCapitalReserve 2024-08-31 02262130 core:OtherCapitalReserve 2023-08-31 02262130 core:RetainedEarningsAccumulatedLosses 2024-08-31 02262130 core:RetainedEarningsAccumulatedLosses 2023-08-31 02262130 core:OtherPropertyPlantEquipment 2023-08-31 02262130 core:OtherPropertyPlantEquipment 2024-08-31 02262130 2023-09-01 2024-08-31 02262130 bus:FilletedAccounts 2023-09-01 2024-08-31 02262130 bus:SmallEntities 2023-09-01 2024-08-31 02262130 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 02262130 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02262130 bus:Director1 2023-09-01 2024-08-31 02262130 bus:Director2 2023-09-01 2024-08-31 02262130 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-09-01 2024-08-31 02262130 2022-09-01 2023-08-31 02262130 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Company No: 02262130 (England and Wales)

H. & M. INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

H. & M. INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

H. & M. INVESTMENTS LIMITED

BALANCE SHEET

As at 31 August 2024
H. & M. INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 216 334
Investment property 5 262,500 262,500
262,716 262,834
Current assets
Debtors 6 64,240 49,320
Cash at bank and in hand 79,546 72,188
143,786 121,508
Creditors: amounts falling due within one year 7 ( 68,989) ( 58,987)
Net current assets 74,797 62,521
Total assets less current liabilities 337,513 325,355
Net assets 337,513 325,355
Capital and reserves
Called-up share capital 100 100
Other reserves 62,500 62,500
Profit and loss account 274,913 262,755
Total shareholders' funds 337,513 325,355

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of H. & M. Investments Limited (registered number: 02262130) were approved and authorised for issue by the Board of Directors on 06 November 2024. They were signed on its behalf by:

Mr B T Hulson
Director
H. & M. INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
H. & M. INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

H. & M. Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Newcastle Street, Burslem, Stoke On Trent, ST6 3QF, United Kingdom.

The financial statements been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 September 2023 35,776 35,776
At 31 August 2024 35,776 35,776
Accumulated depreciation
At 01 September 2023 35,442 35,442
Charge for the financial year 118 118
At 31 August 2024 35,560 35,560
Net book value
At 31 August 2024 216 216
At 31 August 2023 334 334

5. Investment property

Investment property
£
Valuation
As at 01 September 2023 262,500
As at 31 August 2024 262,500

Valuation

The company's investment properties are incorporated at the directors' valuation.
The historical cost of the revalued properties is £200,000.

6. Debtors

2024 2023
£ £
Trade debtors 46,279 20,876
Other debtors 17,961 28,444
64,240 49,320

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 16,303 20,345
Taxation and social security 30,989 9,700
Other creditors 21,697 28,942
68,989 58,987