Registered number: 05800716 | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
Garhigh Holdings Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Surrey | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05800716 | ||||||||
Garhigh Holdings Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | 3 | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | 4 | |||||||
Balance Sheet | 5 | |||||||
Notes To The Accounts | 7 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | 10 | |||||||
Profit And Loss Account Summaries | 11 |
Garhigh Holdings Limited | ||||||||
DIRECTORS' REPORT | ||||||||
FOR THEYEARENDED | ||||||||
The directors present their report and accounts for theyearended | ||||||||
DIRECTORS | ||||||||
The directors who served during theyearwere as follows: | ||||||||
STATEMENT OF DIRECTORS RESPONSIBILITIES | ||||||||
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation. | ||||||||
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to: | ||||||||
- Select suitable accounting policies and then apply them consistently; | ||||||||
- Make judgements and accounting estimates that are reasonable and prudent; | ||||||||
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. | ||||||||
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. | ||||||||
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. | ||||||||
This report was approved by the board on | ||||||||
Director |
Garhigh Holdings Limited | ||||||||
STATEMENT OF COMPREHENSIVE INCOME | ||||||||
FOR THEYEARENDED | ||||||||
Notes | 2024 | 2023 | ||||||
£ | £ | |||||||
Distribution costs and selling expenses | ( | |||||||
Administrative expenses | ( | ( | ||||||
Other operating income | ||||||||
OPERATING LOSS | ( | ( | ||||||
Interest receivable and similar income | 80,510 | 327,000 | ||||||
Interest payable and similar charges | ( | ( | ||||||
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 70,476 | 317,255 | ||||||
Tax on profit on ordinary activities | (2,022) | (1,345) | ||||||
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION | ||||||||
Garhigh Holdings Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 4 | |||||||||
Investment Assets | 5 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | ||||||||||
Cash at bank and in hand | ||||||||||
23,257 | 9,196 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT ASSETS / (LIABILITIES) | (47,096) | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 83,435 | 90,924 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 721,299 | 677,845 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Garhigh Holdings Limited | ||||||||
1. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS | 2024 | 2023 | ||||
£ | £ | |||||
Opening shareholders' funds | 677,946 | 389,036 | ||||
Profit for the year | 68,454 | 315,910 | ||||
Dividends paid | (25,000) | (27,000) | ||||
Closing shareholders' funds | 721,400 | 677,946 | ||||
Garhigh Holdings Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||||
2. ACCOUNTING POLICIES |
2a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
2b. Going Concern | ||||||||
These accounts have been prepared on the going concern basis as the directors have a reasonable expectation that the company will continue to operate for the foreseeable future. |
2c. Depreciation | ||||||||
Investment Properties | straight line 2% | |||||||
Land And Buildings | straight line 2% |
2d. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
2e. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
2f. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
Garhigh Holdings Limited | ||||||||
3. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
4. TANGIBLE FIXED ASSETS | ||||||
Land And | Plant and | |||||
Buildings | Machinery Etc. | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/07/2023 | 906,316 | 7,980 | 914,296 | |||
At 30/06/2024 | 906,316 | 7,980 | 914,296 | |||
Depreciation | ||||||
At 01/07/2023 | 90,450 | 7,980 | 98,430 | |||
For the year | 18,126 | - | 18,126 | |||
At 30/06/2024 | 108,576 | 7,980 | 116,556 | |||
Net Book Amounts | ||||||
At 30/06/2024 | 797,740 | - | 797,740 | |||
At 30/06/2023 | 815,866 | - | 815,866 | |||
5. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/07/2023 | 100 | 100 | |||||||
At 30/06/2024 | 100 | 100 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 30/06/2024 | 100 | 100 | |||||||
At 30/06/2023 | 100 | 100 | |||||||
Garhigh Holdings Limited | ||||||||
6. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 01/07/2023 | 543,963 | 543,963 | ||
At 30/06/2024 | 543,963 | 543,963 | ||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | ||||||||
Trade creditors | 1,020 | 2,811 | ||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | - | 40,319 | ||||||
Taxation and social security | 6,093 | 3,007 | ||||||
16,262 | 56,292 | |||||||
Bank loans and overdrafts are secured against the company's assets. | ||||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 83,435 | 90,924 | ||||||
83,435 | 90,924 | |||||||
Bank loans and overdrafts are secured against the company's assets. | ||||||||
9. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
101 | 101 | |||||||
101 | 101 | |||||||
10. GENERAL INFORMATION | ||||||||
Garhigh Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is 216 Sydenham Road, Croydon, Surrey, CR0 2EB. | ||||||||
The accounts are presented in Sterling, which is the functional currency of the company. | ||||||||
Garhigh Holdings Limited | ||||||||
TRADING AND PROFIT AND LOSS ACCOUNT | ||||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Cost of Sales: | ||||||||||
Other operating income | ||||||||||
63,156 | 57,530 | |||||||||
Less: | ||||||||||
Distribution costs | - | 118 | ||||||||
Administrative expenses | ||||||||||
Interest receivable and similar income | (80,510) | (327,000) | ||||||||
Interest payable and similar charges | ||||||||||
(7,320) | (259,725) | |||||||||
Net profit for the year before taxation | 70,476 | 317,255 | ||||||||
Taxation | 2,022 | 1,345 | ||||||||
Net profit for the year after taxation | 68,454 | 315,910 | ||||||||
Interim dividends | 25,000 | 27,000 | ||||||||
25,000 | 27,000 | |||||||||
43,454 | 288,910 | |||||||||
Retained profits brought forward | 677,845 | 388,935 | ||||||||
Retained profits carried forward | 721,299 | 677,845 | ||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |
Garhigh Holdings Limited | ||||||||
PROFIT AND LOSS ACCOUNT SUMMARIES | ||||||||||
FOR THE YEAR ENDED 30/06/2024 | ||||||||||
2024 | 2023 | |||||||||
£ | £ | |||||||||
Distribution Costs: | ||||||||||
Travel | ||||||||||
- | 118 | |||||||||
Interest payable and similar charges: | ||||||||||
Bank interest | ||||||||||
7,419 | 5,619 | |||||||||
Administrative Expenses: | ||||||||||
Rates | ||||||||||
Insurance | 1,000 | 1,000 | ||||||||
Service charge | ||||||||||
Heat and light | ||||||||||
Repairs and renewals | 828 | 8,668 | ||||||||
Letting Agents' Commission | ||||||||||
Directors remuneration | ||||||||||
Directors NIC | ||||||||||
Accountancy fees | ||||||||||
Professional fees | ||||||||||
Legal costs (revenue) | ||||||||||
Subscriptions | ||||||||||
Bank charges | ||||||||||
Depreciation and Amortisation: | ||||||||||
Depreciation of investment properties | 10,879 | 10,879 | ||||||||
Depreciation of land and buildings | 7,247 | 7,247 | ||||||||
65,771 | 61,538 | |||||||||
This page does not form part of the Company's Statutory Accounts and is prepared for the information of the Directors only. |