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Registered number: 12946409
FHM Investments Ltd
Financial Statements
For The Year Ended 30 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12946409
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,261,050 362,520
Investments 5 1,469,023 1,397,023
2,730,073 1,759,543
CURRENT ASSETS
Debtors 6 192,581 51,444
Cash at bank and in hand 8,313 9,440
200,894 60,884
Creditors: Amounts Falling Due Within One Year 7 (359,212 ) (974,008 )
NET CURRENT ASSETS (LIABILITIES) (158,318 ) (913,124 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,571,755 846,419
Creditors: Amounts Falling Due After More Than One Year 8 (1,901,237 ) (439,015 )
NET ASSETS 670,518 407,404
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 670,508 407,394
SHAREHOLDERS' FUNDS 670,518 407,404
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Page 2
For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr F Morris
Director
3 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FHM Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12946409 . The registered office is C/O Seftons, 135 - 143 Union Street, Oldham, Lancashire, OL1 1TE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 31 March 2023 - 401,587 33,495 435,082
Additions 778,798 189,494 7,500 975,792
As at 30 March 2024 778,798 591,081 40,995 1,410,874
Depreciation
As at 31 March 2023 - 67,720 4,842 72,562
Provided during the period - 68,380 8,882 77,262
As at 30 March 2024 - 136,100 13,724 149,824
Net Book Value
As at 30 March 2024 778,798 454,981 27,271 1,261,050
As at 31 March 2023 - 333,867 28,653 362,520
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 31 March 2023 600,000 797,023 1,397,023
Additions - 367,000 367,000
Disposals - (295,000 ) (295,000 )
As at 30 March 2024 600,000 869,023 1,469,023
Provision
As at 31 March 2023 - - -
As at 30 March 2024 - - -
Net Book Value
As at 30 March 2024 600,000 869,023 1,469,023
As at 31 March 2023 600,000 797,023 1,397,023
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,907 -
Other debtors 156,674 51,444
192,581 51,444
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 56,373 41,278
Trade creditors 5,244 3,300
Other creditors 245,646 882,744
Taxation and social security 51,949 46,686
359,212 974,008
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 491,869 439,015
Other creditors 1,409,368 -
1,901,237 439,015
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 56,373 41,278
Later than one year and not later than five years 491,869 439,015
548,242 480,293
548,242 480,293
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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