2 2 Hepworth Holdings (East Anglia) Ltd 03305928 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the letting of commercial premises. Digita Accounts Production Advanced 6.30.9574.0 true true 03305928 2024-04-01 2025-03-31 03305928 2025-03-31 03305928 bus:CompanySecretaryDirector1 1 2025-03-31 03305928 bus:OrdinaryShareClass1 2025-03-31 03305928 bus:OrdinaryShareClass2 2025-03-31 03305928 bus:OrdinaryShareClass3 2025-03-31 03305928 bus:OrdinaryShareClass4 2025-03-31 03305928 core:CurrentFinancialInstruments 2025-03-31 03305928 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03305928 core:AllSubsidiaries 2025-03-31 03305928 bus:SmallEntities 2024-04-01 2025-03-31 03305928 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03305928 bus:FilletedAccounts 2024-04-01 2025-03-31 03305928 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03305928 bus:RegisteredOffice 2024-04-01 2025-03-31 03305928 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 03305928 bus:CompanySecretaryDirector1 1 2024-04-01 2025-03-31 03305928 bus:Director1 2024-04-01 2025-03-31 03305928 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 03305928 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 03305928 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 03305928 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 03305928 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03305928 bus:Agent1 2024-04-01 2025-03-31 03305928 core:AllSubsidiaries 2024-04-01 2025-03-31 03305928 core:AllSubsidiaries core:Leases 2024-04-01 2025-03-31 03305928 core:OtherRelatedParties 2024-04-01 2025-03-31 03305928 core:OtherRelatedParties core:Leases 2024-04-01 2025-03-31 03305928 countries:EnglandWales 2024-04-01 2025-03-31 03305928 2024-03-31 03305928 bus:CompanySecretaryDirector1 1 2024-03-31 03305928 core:AllSubsidiaries 2024-03-31 03305928 2023-04-01 2024-03-31 03305928 2024-03-31 03305928 bus:OrdinaryShareClass1 2024-03-31 03305928 bus:OrdinaryShareClass2 2024-03-31 03305928 bus:OrdinaryShareClass3 2024-03-31 03305928 bus:OrdinaryShareClass4 2024-03-31 03305928 core:CurrentFinancialInstruments 2024-03-31 03305928 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03305928 core:AllSubsidiaries 2024-03-31 03305928 core:AllSubsidiaries 2023-04-01 2024-03-31 03305928 core:AllSubsidiaries core:Leases 2023-04-01 2024-03-31 03305928 core:OtherRelatedParties core:Leases 2023-04-01 2024-03-31 03305928 2023-03-31 03305928 core:AllSubsidiaries 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 03305928

Hepworth Holdings (East Anglia) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Hepworth Holdings (East Anglia) Ltd

Contents

Company Information

1

Statement of financial position

2

Notes to the Unaudited Financial Statements

3 to 8

 

Hepworth Holdings (East Anglia) Ltd

Company Information

Directors

Dr NJ Hancock

Mr PG Hancock

Company secretary

Mr PG Hancock

Registered office

19 King Street
King's Lynn
Norfolk
PE30 1HB

Accountants

Hayhow & Co
Chartered Certified Accountants & Business Advisers19 King Street
King's Lynn
Norfolk
PE30 1HB

 

Hepworth Holdings (East Anglia) Ltd

(Registration number: 03305928)
Statement of financial position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

1,875,750

1,875,750

Investments

5

100

100

 

1,875,850

1,875,850

Current assets

 

Debtors

6

207,529

184,370

Cash at bank and in hand

 

2,406,714

1,927,059

 

2,614,243

2,111,429

Creditors: Amounts falling due within one year

7

(42,741)

(38,243)

Net current assets

 

2,571,502

2,073,186

Net assets

 

4,447,352

3,949,036

Capital and reserves

 

Called up share capital

8

100

100

Revaluation reserve

121,397

121,397

Retained earnings

4,325,855

3,827,539

Shareholders' funds

 

4,447,352

3,949,036

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 14 May 2025 and signed on its behalf by:
 

.........................................
Mr PG Hancock
Company secretary and director

 

Hepworth Holdings (East Anglia) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 King Street
King's Lynn
Norfolk
PE30 1HB

These financial statements were authorised for issue by the Board on 14 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Hepworth Holdings (East Anglia) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Hepworth Holdings (East Anglia) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Hepworth Holdings (East Anglia) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Investment properties

2025
£

At 1 April

1,875,750

At 31 March

1,875,750

The investment properties were valued by independent valuers Landles in June 2019.
The commerical investment property is rented to Barsby Produce Limited, the subsidiary company. The historic cost of the property was £828,603. The company has allowed a floating charge over the company's assets as security for the bank loans, in previous years. The residential property, is rented at market value to a shareholder of the company.

5

Investments

2025
£

2024
£

Investments in subsidiaries

100

100

The subsidiary undertaking represents the cost of the acquisition of the 80% share capital of Barsby Produce Limited.

 

Hepworth Holdings (East Anglia) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

debtors

Note

2025
£

2024
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

183,329

160,170

Other debtors

 

24,200

24,200

 

207,529

184,370

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Amounts due to related parties

9

271

270

Social security and other taxes

 

3,332

3,995

Accruals

 

1,805

1,842

Tax liability

37,333

32,136

 

42,741

38,243

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A of £1 each

75

75

75

75

Ordinary B of £1 each

15

15

15

15

Ordinary C of £1 each

5

5

5

5

Ordinary D of £1 each

5

5

5

5

100

100

100

100

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

 

Hepworth Holdings (East Anglia) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Related party transactions

Transactions with directors

2025

At 1 April 2024
£

At 31 March 2025
£

Mr PG Hancock

Owed to director

270

270

Summary of transactions with subsidiaries

Hepworth Holdings (East Anglia) Limited is the parent company of Barsby Produce Limited. The directors of Hepworth Holdings (East Anglia) Limited are also the directors of Barsby Produce Limited.

Summary of transactions with other related parties

The residential property is rented to a shareholder at market value.

Income and receivables from related parties

2025

Subsidiary
£

Other related parties
£

Rent

132,000

8,800

2024

Subsidiary
£

Other related parties
£

Rent

132,000

13,200

Loans to related parties

2025

Subsidiary
£

Total
£

At start of period

160,170

160,170

Advanced

23,159

23,159

At end of period

183,329

183,329

2024

Subsidiary
£

Total
£

At start of period

134,297

134,297

Advanced

25,873

25,873

At end of period

160,170

160,170