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Registration number: 02699860

Henley Mouldings Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 December 2024

 

Henley Mouldings Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Henley Mouldings Limited

(Registration number: 02699860)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

375,000

375,000

Other financial assets

5

-

26,649

 

375,000

401,649

Current assets

 

Debtors

6

3,206

3,136

Cash at bank and in hand

 

52,736

40,628

 

55,942

43,764

Creditors: Amounts falling due within one year

7

(209,061)

(235,564)

Net current liabilities

 

(153,119)

(191,800)

Net assets

 

221,881

209,849

Capital and reserves

 

Called up share capital

200

200

Fair value reserve

83,171

69,764

Profit and loss account

138,510

139,885

Shareholders' funds

 

221,881

209,849

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been 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 director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 28 April 2025
 

.........................................
Mr W Khan
Director

 

Henley Mouldings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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: Tweenways, Kingshill Road, High Wycombe, Bucks, HP13 5AW.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the rental income from investment property and is recognised as revenue on a straight-line basis over the lease term. Lease incentives such as rent-free periods are recognised on the same straight-line basis.

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.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

 

Henley Mouldings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 January 2024

375,000

At 31 December 2024

375,000

The investment property has not been revalued during the reporting period. It was professionally revalued during the previous reporting period and the directors have assessed that the value remains the same.

 

Henley Mouldings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2024

26,649

26,649

Disposals

(26,649)

(26,649)

At 31 December 2024

-

-

Carrying amount

At 31 December 2024

-

-

6

Debtors

2024
£

2023
£

Trade debtors

2,871

2,871

Prepayments

335

265

3,206

3,136

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

3,645

3,857

Accruals and deferred income

2,076

2,413

Other creditors

203,340

229,294

209,061

235,564