| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2024 |
| FOR |
| JH HIGHAMS LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2024 |
| FOR |
| JH HIGHAMS LTD |
| JH HIGHAMS LTD (REGISTERED NUMBER: 12232427) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 May 2024 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| JH HIGHAMS LTD |
| COMPANY INFORMATION |
| for the year ended 31 May 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 19-20 Bourne Court |
| Southend Road |
| Woodford Green |
| Essex |
| IG8 8HD |
| JH HIGHAMS LTD (REGISTERED NUMBER: 12232427) |
| ABRIDGED BALANCE SHEET |
| 31 May 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The director acknowledges his 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. |
| JH HIGHAMS LTD (REGISTERED NUMBER: 12232427) |
| ABRIDGED BALANCE SHEET - continued |
| 31 May 2024 |
| The financial statements were approved by the director and authorised for issue on |
| JH HIGHAMS LTD (REGISTERED NUMBER: 12232427) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 May 2024 |
| 1. | STATUTORY INFORMATION |
| JH Highams Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The financial statements have been prepared on the going concern basis. The directors have considered relevant information, including the annual budget, the timing of the future cashflows, and the impact of subsequent events in making their assessment. The company's stock and work in progress represents properties being developed. These developments are shown at the lower of cost, including associated cost and net realisable value. Once the development is completed, they will be disposed at the prevailing market value for a profit and will generate significant cash inflows to pay all outstanding liabilities. |
| As part of the going concern assessment, the directors have also taken into account the assurances from members that further funds will be made available to support the company's working capital requirements, if needed. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less any impairment. |
| Stocks |
| Property that is held with the intention of selling is included in stocks. Stocks are valued at the lower of cost, including associated costs and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and selling expenses. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Short term debtors and creditors |
| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
| JH HIGHAMS LTD (REGISTERED NUMBER: 12232427) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 May 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Information on investments other than loans is as follows: |
| Totals |
| £ |
| COST |
| At 1 June 2023 |
| and 31 May 2024 | 200 |
| NET BOOK VALUE |
| At 31 May 2024 | 200 |
| At 31 May 2023 | 200 |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 2024 | 2023 |
| £ | £ |
| Repayable otherwise than by instalments |
| Bank loans |
| 6. | CONTINGENT LIABILITIES |
| The company had no contingent liabilities at 31 May 2024 or 31 May 2023. |
| 7. | CAPITAL COMMITMENTS |
| The company had no capital commitments at 31 May 2024 or 31 May 2023. |
| 8. | RELATED PARTY DISCLOSURES |
| 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. |
| At the balance sheet date, the company was owed £Nil (2023: £2,700) by JH Parkhouse Limited. a company connected by common control. |