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Registered number: 04216744
B&H Limited
Unaudited Financial Statements
For The Year Ended 30 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04216744
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 131,330 145,964
Investment Properties 5 275,584 275,584
Investments 6 36 150,908
406,950 572,456
CURRENT ASSETS
Debtors 7 847,245 680,710
Investments 8 2 2
Cash at bank and in hand 175 195
847,422 680,907
Creditors: Amounts Falling Due Within One Year 9 (33,113 ) (324,464 )
NET CURRENT ASSETS (LIABILITIES) 814,309 356,443
TOTAL ASSETS LESS CURRENT LIABILITIES 1,221,259 928,899
Creditors: Amounts Falling Due After More Than One Year 10 (108,901 ) (130,157 )
NET ASSETS 1,112,358 798,742
CAPITAL AND RESERVES
Called up share capital 12 67 67
Capital redemption reserve 33 33
Profit and Loss Account 1,112,258 798,642
SHAREHOLDERS' FUNDS 1,112,358 798,742
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For the year ending 30 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Blake
Director
22 May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
B&H Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04216744 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period.  These estimates and assumptions are based on management's best knowledge of the amount, events or actions.  Actual results may differ from those amounts.
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% on reducing balance
Motor Vehicles 10% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on cost
2.5. Investment Properties
All investment properties are 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 for. Changes in fair value are recognised in the profit and loss account.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 31 August 2023 284,858 15,323 791 629 301,601
As at 30 August 2024 284,858 15,323 791 629 301,601
Depreciation
As at 31 August 2023 148,611 5,856 541 629 155,637
Provided during the period 13,625 947 62 - 14,634
As at 30 August 2024 162,236 6,803 603 629 170,271
Net Book Value
As at 30 August 2024 122,622 8,520 188 - 131,330
As at 31 August 2023 136,247 9,467 250 - 145,964
5. Investment Property
2024
£
Fair Value
As at 31 August 2023 and 30 August 2024 275,584
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6. Investments
Unlisted
£
Cost
As at 31 August 2023 150,908
Additions 166,354
Disposals (310,647 )
Revaluations (4,147 )
Transfers (2,432 )
As at 30 August 2024 36
Provision
As at 31 August 2023 -
As at 30 August 2024 -
Net Book Value
As at 30 August 2024 36
As at 31 August 2023 150,908
7. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 737,493 552,317
Other debtors 109,752 128,393
847,245 680,710
8. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 2 2
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 25 22
Bank loans and overdrafts 26,342 31,331
Amounts owed to group undertakings - 282,188
Other creditors 1,320 780
Taxation and social security 5,426 10,143
33,113 324,464
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 108,901 130,157
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11. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 161,488
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 67 67
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 31 August 2023 Amounts advanced Amounts repaid Amounts written off As at 30 August 2024
£ £ £ £ £
Mr Paul Blake 125,879 247,815 (266,473 ) - 107,221
At the balance sheet date, the director owed the company £107,221 (2023: The director owe the company £125,879)
The above loan is unsecured, interest free and repayable on demand.
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