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REGISTERED NUMBER: 10058362 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st October 2024

for

Horley Limited

Horley Limited (Registered number: 10058362)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Horley Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: D S Mayer
J Mayer
Mrs K S Barnes





REGISTERED OFFICE: 11 Gleneagles Court
Brighton Road
Crawley
West Sussex
RH10 6AD





REGISTERED NUMBER: 10058362 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

Horley Limited (Registered number: 10058362)

Statement of Financial Position
31st October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 390,775 385,000

CURRENT ASSETS
Debtors 5 418 1
Cash at bank 23,985 57,790
24,403 57,791
CREDITORS
Amounts falling due within one year 6 8,274 8,236
NET CURRENT ASSETS 16,129 49,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,904

434,555

PROVISIONS FOR LIABILITIES 14,503 13,060
NET ASSETS 392,401 421,495

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 78,323 72,548
Retained earnings 314,077 348,946
SHAREHOLDERS' FUNDS 392,401 421,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Horley Limited (Registered number: 10058362)

Statement of Financial Position - continued
31st October 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 1st May 2025 and were signed on its behalf by:





D S Mayer - Director


Horley Limited (Registered number: 10058362)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Horley 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.

Related party exemption
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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 385,000
Revaluations 5,775
At 31st October 2024 390,775
NET BOOK VALUE
At 31st October 2024 390,775
At 31st October 2023 385,000

Horley Limited (Registered number: 10058362)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2017 32,879
Valuation in 2018 15,675
Valuation in 2019 (34,062 )
Valuation in 2020 (9,550 )
Valuation in 2021 63,606
Valuation in 2022 2,000
Valuation in 2023 2,000
Valuation in 2024 5,775
Cost 312,452
390,775

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 312,452 312,452

investment property was valued on an open market basis on 31st October 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 418 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,500 2,500
Taxation and social security 4,628 3,473
Other creditors 1,146 2,263
8,274 8,236

7. ULTIMATE CONTROLLING PARTY

The immediate controlling party is considered to be Mayer Property Ltd by virtue of their shareholding of 100% of the share capital.

The ultimate controlling party is considered to be the director who is also a director and majority shareholder in the parent company.