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REGISTERED NUMBER: 09019854 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MAY 2024

FOR

HUMBER COURT LIMITED

HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


HUMBER COURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







Directors: J A Thompson
Mrs K E Thompson





Secretary: J A Thompson





Registered office: Network House
Thorn Office Centre
Rotherwas
Herefordshire
HR2 6JT





Registered number: 09019854 (England and Wales)

HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,215,987 131,836
Investments 5 350 200
Investment property 6 - 365,397
1,216,337 497,433

Current assets
Debtors 7 1,127,136 1,897,676
Cash at bank 245,266 19,409
1,372,402 1,917,085
Creditors
Amounts falling due within one year 8 969,466 1,489,748
Net current assets 402,936 427,337
Total assets less current liabilities 1,619,273 924,770

Creditors
Amounts falling due after more than one
year

9

-

209,000
Net assets 1,619,273 715,770

Capital and reserves
Called up share capital 11 100 100
Retained earnings 1,619,173 715,670
Shareholders' funds 1,619,273 715,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

BALANCE SHEET - continued
31ST MAY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th March 2025 and were signed on its behalf by:





J A Thompson - Director


HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. Statutory information

Humber Court Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Humber Court Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property 10% straight line
Plant & equipment25% straight line

Tangible fixed assets are held in the balance sheet at cost less depreciation.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Fixed asset investments are shown at cost less provision for permanent diminution in value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.




HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


2. Accounting policies - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

3. Employees (including officers)

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Freehold Improvem'ts Plant &
property to property equipment Totals
£ £ £ £
Cost
At 1st June 2023 - 137,923 85,846 223,769
Additions 1,119,527 - 4,679 1,124,206
Disposals - - (43,931 ) (43,931 )
Reclassification/transfer 137,923 (137,923 ) - -
At 31st May 2024 1,257,450 - 46,594 1,304,044
Depreciation
At 1st June 2023 - 35,970 55,963 91,933
Charge for year 13,793 - 5,229 19,022
Eliminated on disposal - - (22,898 ) (22,898 )
Reclassification/transfer 35,970 (35,970 ) - -
At 31st May 2024 49,763 - 38,294 88,057
Net book value
At 31st May 2024 1,207,687 - 8,300 1,215,987
At 31st May 2023 - 101,953 29,883 131,836

HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


5. Fixed asset investments
Shares in
group Unlisted
undertakings investments Totals
£ £ £
Cost
At 1st June 2023 100 100 200
Additions - 150 150
At 31st May 2024 100 250 350
Net book value
At 31st May 2024 100 250 350
At 31st May 2023 100 100 200

The company's investments at the Balance sheet date in the share capital of companies include the following:

Subsidiary

Black Mountain Asset Management Limited
Registered office: Network House, Thorn Office Centre, Hereford, HR2 6JT
Nature of business: Security dealing
%
Class of shares: holding
Ordinary 100.00
31.5.24 31.5.23
£ £
Aggregate capital and reserves 100 100

Associated companies

TWMPA Capital Limited
Registered office: Thorn Business Centre, Rotherwas, Hereford, United Kingdom, HR2 6JT
Nature of business: Holding company
%
Class of shares: holding
Ordinary shares 50.00
30.6.23 30.6.22
£ £
Aggregate capital and reserves 100 100

HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


5. Fixed asset investments - continued

Ambrey Limited
Registered office: Thorn Business Centre, Rotherwas, Hereford, HR2 6JT
Nature of business: Private security services
%
Class of shares: holding
Ordinary 50.00
30.6.23 30.6.22
£ £
Aggregate capital and reserves 32,237,550 35,794,564

6. Investment property
Total
£
Fair value
At 1st June 2023 365,397
Disposals (365,397 )
At 31st May 2024 -
Net book value
At 31st May 2024 -
At 31st May 2023 365,397

7. Debtors
31.5.24 31.5.23
£ £
Amounts falling due within one year:
Prepayments & other debtors 4,169 4,727
Loan <1 year 14,400 38,795
S455 116,400 116,400
Directors' loan accounts 165,881 897,068
300,850 1,056,990

Amounts falling due after more than one year:
Loan >1 year 826,286 840,686

Aggregate amounts 1,127,136 1,897,676

HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


8. Creditors: amounts falling due within one year
31.5.24 31.5.23
£ £
Bank loans and overdrafts 182,516 -
Other loans 501,925 1,095,936
Trade creditors 10,311 3,000
Amounts owed to group undertakings 100 100
Amounts owed to associates 270,333 270,333
Social security & other tax - 144
Other creditors 4,281 3,835
S455 - 116,400
969,466 1,489,748

9. Creditors: amounts falling due after more than one year
31.5.24 31.5.23
£ £
Bank loan more than five years - 209,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loan more than five years - 209,000

10. Secured debts

The bank loan is secured by a fixed and floating charge over the assets of the company along with a joint and several personal guarantee from the Directors.

The bank loans repayable more than 5 years are to be repaid by 2040.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

12. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments as at 31st May 2024.

HUMBER COURT LIMITED (REGISTERED NUMBER: 09019854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


13. Directors' advances, credits and guarantees

During the year, the directors used a current account with the company to record amounts due to them and amounts drawn by them. The balance owed to the company at the end of the year was £165,881 (2023: £897,068). Loans and advances of £171,730 and repayments totalling £902,918 were made.

During the year, the company was charged £nil rent by the directors for the use of business premises (2023: £8,000).

14. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TWMPA Capital Limited
The company is related to TWMPA Capital Limited, a company for which Humber Court Limited holds a 50% shareholding, the balance outstanding at the end of the year was £50 owed by the company (2023: £50).

Ambrey Limited
Ambrey Limited is a company of which the company owns 50% of the shares, the balance outstanding at the end of the year was £270,283 owed by the company (2023: £270,283).