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Registered number: 00123279














G.HERBERT & COMPANY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
G.HERBERT & COMPANY LIMITED
REGISTERED NUMBER:00123279

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023

FIXED ASSETS
  

Investment property
 4 
400,000
400,000

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
4,536
864

Cash at bank and in hand
 6 
51,512
42,780

  
56,048
43,644

Creditors: amounts falling due within one year
 7 
(17,531)
(13,137)

NET CURRENT ASSETS
  
 
 
38,517
 
 
30,507

  

NET ASSETS
  
£438,517
£430,507


CAPITAL AND RESERVES
  

Called up share capital 
 8 
51,000
51,000

Other reserves
 9 
379,172
379,172

Profit and loss account
 9 
8,345
335

  
£438,517
£430,507


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 May 2025.

___________________________
Mrs C M P Goodson
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
G.HERBERT & COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

G.Herbert & Company Limited is a private company limited by shares and incorporated in England and Wales. The company registration number is 00123279.
The registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH.                

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 2

 
G.HERBERT & COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings. 

 
2.6

Debtors

Short-term debtors 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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and othe debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings. 

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 3

 
G.HERBERT & COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Investment property


Freehold investment property



Valuation


At 1 January 2024
400,000



At 31 December 2024
400,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.

At the balance sheet date, the historical cost of the investment properties was £20,828 (2023 - £20,828).





5.


Debtors

2024
2023


Trade debtors
4,436
686

Other debtors
18
14

Prepayments and accrued income
82
164

£4,536
£864



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
£51,512
£42,780



7.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
-
960

Corporation tax
3,325
-

Other creditors
4,664
3,750

Accruals and deferred income
9,542
8,427

£17,531
£13,137


Page 4

 
G.HERBERT & COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Share capital

2024
2023
Allotted, called up and fully paid



51,000 (2023 - 51,000) Ordinary shares of £1.00 each
£51,000
£51,000



9.


Reserves

Other reserves

Other reserves represent non-distributable reserves arising on the revaluation of the investment properties net of any associated deferred tax liability.

Profit and loss account

The profit and loss account represents the general surpluses and deficits arising from the company's activities.  The profit and loss account is fully distributable.

Page 5