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REGISTERED NUMBER: 11421981 (England and Wales)















HERBERT ANDREWS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






HERBERT ANDREWS LIMITED (REGISTERED NUMBER: 11421981)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HERBERT ANDREWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: D H James
S L James





REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG





REGISTERED NUMBER: 11421981 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

HERBERT ANDREWS LIMITED (REGISTERED NUMBER: 11421981)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,515 59,599
Investment property 5 5,320,575 5,320,575
5,384,090 5,380,174

CURRENT ASSETS
Stocks 132,810 -
Debtors 6 648,100 1,382,795
Investments 7 50 50
Cash at bank 46,034 46,806
826,994 1,429,651
CREDITORS
Amounts falling due within one year 8 4,167,167 5,010,946
NET CURRENT LIABILITIES (3,340,173 ) (3,581,295 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,043,917

1,798,879

CREDITORS
Amounts falling due after more than one
year

9

(487,633

)

(493,118

)

PROVISIONS FOR LIABILITIES (215,796 ) (215,388 )
NET ASSETS 1,340,488 1,090,373

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 606,192 606,192
Retained earnings 734,196 484,081
SHAREHOLDERS' FUNDS 1,340,488 1,090,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

HERBERT ANDREWS LIMITED (REGISTERED NUMBER: 11421981)

BALANCE SHEET - continued
30TH JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th March 2025 and were signed on its behalf by:





D H James - Director


HERBERT ANDREWS LIMITED (REGISTERED NUMBER: 11421981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Herbert Andrews 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
Turnover represents the value of rents and recharged expenses receivable. The company is registered for value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on cost
Equipment - 25% on cost

Investment property
Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains and the net of revaluation and deferred tax movement transferred to a fair value reserve.

The directors review the property portfolio each year and adjust the carrying values where they believe that there is a material adjustment to the previous year.

Work in progress
Work in progress is valued at the lower of cost and net realisable value taking into account all costs incurred in getting the property to its current state.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

HERBERT ANDREWS LIMITED (REGISTERED NUMBER: 11421981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles Equipment Totals
£    £    £   
COST
At 1st July 2023 82,254 13,375 95,629
Additions 3,418 21,772 25,190
At 30th June 2024 85,672 35,147 120,819
DEPRECIATION
At 1st July 2023 29,971 6,059 36,030
Charge for year 13,071 8,203 21,274
At 30th June 2024 43,042 14,262 57,304
NET BOOK VALUE
At 30th June 2024 42,630 20,885 63,515
At 30th June 2023 52,283 7,316 59,599

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023
and 30th June 2024 5,320,575
NET BOOK VALUE
At 30th June 2024 5,320,575
At 30th June 2023 5,320,575

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2021 808,256
Cost 4,512,319
5,320,575

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,987 -
Other debtors 17,635 14,416
Other loans 585,268 1,365,383
Prepayments and accrued income 3,210 2,996
648,100 1,382,795

HERBERT ANDREWS LIMITED (REGISTERED NUMBER: 11421981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Joint venture investments 50 50

Investments held at 30th June 2024 consist of :

25% of the issued share capital of Banbury Magistrates Court Limited
25% of the issued share capital of TH Byfield Limited
25% of the issued share capital of TH Silverstone Limited

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,475 7,108
Trade creditors 3,048 -
Corporation tax payable 83,650 34,638
Other creditors 306 306
Directors' current accounts 4,012,773 4,908,027
Accrued expenses 60,915 60,867
4,167,167 5,010,946

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,475 7,108
Bank loans - 2-5 years 481,158 486,010
487,633 493,118

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
494,108 500,226

A first legal charge over the freehold land and buildings at 15 Coleshill Road, Nuneaton CV10 ONZ and 29 Tachbrook Road, Leamington Spa, CV31 3DW, along with an unlimited debenture from the company.

11. RELATED PARTY DISCLOSURES

Included in debtors are loans of £405,266 due within one year (2023 - £1,365,383) to joint venture companies in which Herbert Andrews Limited holds 25% of the issued share capital.