Company Registration No. 10425579 (England and Wales)
HBH CONSTRUCTION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
HBH CONSTRUCTION LTD
CONTENTS
Page
Company information
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
HBH CONSTRUCTION LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 1 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2021
2
-
0
2
Year ended 30 June 2022:
Profit and total comprehensive income
-
5,986
5,986
Issue of share capital
100
-
100
Other movements
(2)
-
(2)
Balance at 30 June 2022
100
5,986
6,086
Period ended 31 December 2023:
Loss and total comprehensive income
-
(1,035,273)
(1,035,273)
Balance at 31 December 2023
100
(1,029,287)
(1,029,187)
HBH CONSTRUCTION LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
31 December 2023
30 June 2022
Notes
£
£
£
£
Current assets
Stocks
-
497,085
Debtors
3
134,720
475,843
Cash at bank and in hand
59
100
134,779
973,028
Creditors: amounts falling due within one year
4
(469,923)
(966,942)
Net current (liabilities)/assets
(335,144)
6,086
Creditors: amounts falling due after more than one year
5
(694,043)
-
0
Net (liabilities)/assets
(1,029,187)
6,086
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(1,029,287)
5,986
Total equity
(1,029,187)
6,086

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

HBH CONSTRUCTION LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 13 March 2025 and are signed on its behalf by:
Mr P A Mathison
Director
Company registration number 10425579 (England and Wales)
HBH CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

HBH Construction Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Neptune Court, Hallam Way, Blackpool, FY4 5LZ.

 

The company changed its name on the 21 October 2021 from Create Interiors Ltd to HBH Construction Ltd.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Reporting period

The financial statements are for 18 months to 31st December 2023 in order to include the remaining business activity. The previous period is for 12 months.

1.4
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.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

HBH CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

HBH CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
2022
Number
Number
Total
3
6
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
359,723
Other debtors
134,720
116,120
134,720
475,843
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
-
0
26,081
Trade creditors
113,557
712,474
Corporation tax
-
0
1,360
Other taxation and social security
233,044
84,724
Other creditors
123,322
142,303
469,923
966,942
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
694,043
-
0
HBH CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 7 -
6
Related party transactions

The following loans were outstanding at the the balance sheet date for companies which have a common owner:

 

Create Developments (Blackpool) Ltd

 

As at the balance sheet date, the company owed Create Developments (Blackpool) Ltd £635,802 (2022 - £133,746).

 

Create Developments (Elwick) Ltd

 

As at the balance sheet date, the company owed Create Developments (Blackpool) Ltd £nil (2022 - £1,000).

 

The loans are interest free and repayable on demand.

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