1 1 HERBERTS HOUSE VETERANS OWNED BUSINESS LTD 13063856 true 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Retail sale of clothing Digita Accounts Production Advanced 6.30.9574.0 true 13063856 2024-01-01 2024-12-31 13063856 2024-12-31 13063856 bus:OrdinaryShareClass1 2024-12-31 13063856 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13063856 core:FurnitureFittingsToolsEquipment 2024-12-31 13063856 bus:SmallEntities 2024-01-01 2024-12-31 13063856 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13063856 bus:FilletedAccounts 2024-01-01 2024-12-31 13063856 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13063856 bus:RegisteredOffice 2024-01-01 2024-12-31 13063856 bus:Director2 2024-01-01 2024-12-31 13063856 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13063856 bus:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 13063856 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13063856 bus:Agent1 2024-01-01 2024-12-31 13063856 core:FurnitureFittings 2024-01-01 2024-12-31 13063856 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 13063856 countries:AllCountries 2024-01-01 2024-12-31 13063856 2023-12-31 13063856 core:FurnitureFittingsToolsEquipment 2023-12-31 13063856 2023-01-01 2023-12-31 13063856 2023-12-31 13063856 bus:OrdinaryShareClass1 2023-12-31 13063856 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13063856 core:FurnitureFittingsToolsEquipment 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 13063856

HERBERTS HOUSE VETERANS OWNED BUSINESS LTD

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

HERBERTS HOUSE VETERANS OWNED BUSINESS LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

HERBERTS HOUSE VETERANS OWNED BUSINESS LTD

Company Information

Director

ANDREW JAMES LINIHAN

Registered office

43 ST ANNES COURT
ST ANNES ROAD
BLACKPOOL
FY4 2DS

Accountants

Jacques and Associates Ltd ICPA
64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

 

HERBERTS HOUSE VETERANS OWNED BUSINESS LTD

(Registration number: 13063856)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

79

105

Current assets

 

Stocks

5

-

2,903

Cash at bank and in hand

 

244

2,202

 

244

5,105

Creditors: Amounts falling due within one year

7

(1,197)

(1,378)

Net current (liabilities)/assets

 

(953)

3,727

Net (liabilities)/assets

 

(874)

3,832

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(974)

3,732

Shareholders' (deficit)/funds

 

(874)

3,832

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

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his 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 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 February 2025
 

.........................................
ANDREW JAMES LINIHAN
Director

 

HERBERTS HOUSE VETERANS OWNED BUSINESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
43 ST ANNES COURT
ST ANNES ROAD
BLACKPOOL
FY4 2DS

The principal place of business is:
213 WATERLOO ROAD
BLACKPOOL
FT4 2AN

These financial statements were authorised for issue by the director on 21 February 2025.

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 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.

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 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.

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.

 

HERBERTS HOUSE VETERANS OWNED BUSINESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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

Fixtures & fittings

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

HERBERTS HOUSE VETERANS OWNED BUSINESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

250

250

At 31 December 2024

250

250

Depreciation

At 1 January 2024

145

145

Charge for the year

26

26

At 31 December 2024

171

171

Carrying amount

At 31 December 2024

79

79

At 31 December 2023

105

105

5

Stocks

2024
£

2023
£

Other inventories

-

2,903

6

Debtors

Current

2024
£

2023
£

 

-

-

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

190

Accruals and deferred income

274

213

Other creditors

923

975

1,197

1,378

 

HERBERTS HOUSE VETERANS OWNED BUSINESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100