Registration number:
Hough BB Limited
for the Year Ended 31 May 2024
Hough BB Limited
(Registration number: 09488071)
Balance Sheet as at 31 May 2024
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Other reserves |
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Retained earnings |
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Shareholders' funds |
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Hough BB Limited
(Registration number: 09488071)
Balance Sheet as at 31 May 2024
For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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.
Approved and authorised by the
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Hough BB Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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 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 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.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.
Judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods. |
Hough BB Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Revenue recognition
Turnover represents net rents receivable and services recharged for the period net of VAT.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss,
The current 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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Investment property
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Hough BB Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Investment properties |
2024 |
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At 1 June |
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At 31 May |
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The directors have considered the value of the property as at 31 May 2024 and believes the value stated to be in line with market conditions.
There has been no valuation of investment property by an independent valuer
Debtors |
Current |
2024 |
2023 |
Trade debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Other borrowings |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Creditors: amounts falling due after more than one year
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2024 |
2023 |
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Due after one year |
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Other borrowings |
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Hough BB Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024
Loans and borrowings |
Bank borrowings
A loan included within other borrowings is secured by way of a fixed and floating charge over the company assets. |
Related party transactions |
Summary of transactions with other related parties
At the year end £20,000 (2023: £20,000) was owed to related party Pioneer Design and Build Limited. Pioneer Design and Build Limited is related as the director Mr J Beeson is also a shareholder of the company. This amount is shown within other creditors. This loan is interest free and repayable on demand.
At the year end £700,000 (2023: £20,000) was owed to a related party, Land Recovery Limited. Land Recovery Limited is related as the director Mr D Beecroft is also a director of the company. This amount is shown within other creditors. This loan is interest free and repayable on demand.
At the year end £155,000 (2023: £155,000) was owed to a related party, Land Recovery Rail Limited. Land Recovery Rail Limited is related as the director Mr D Beecroft is also a director of the company. This amount is shown within other creditors. This loan is interest free and repayable on demand.