IRIS Accounts Production v25.1.3.33 08273930 director 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082739302023-09-30082739302024-09-30082739302023-10-012024-09-30082739302022-09-30082739302022-10-012023-09-30082739302023-09-3008273930ns15:EnglandWales2023-10-012024-09-3008273930ns14:PoundSterling2023-10-012024-09-3008273930ns10:Director12023-10-012024-09-3008273930ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008273930ns10:SmallEntities2023-10-012024-09-3008273930ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3008273930ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3008273930ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008273930ns10:FullAccounts2023-10-012024-09-3008273930ns10:OrdinaryShareClass12023-10-012024-09-3008273930ns10:RegisteredOffice2023-10-012024-09-3008273930ns5:CurrentFinancialInstruments2024-09-3008273930ns5:CurrentFinancialInstruments2023-09-3008273930ns5:ShareCapital2024-09-3008273930ns5:ShareCapital2023-09-3008273930ns5:RetainedEarningsAccumulatedLosses2024-09-3008273930ns5:RetainedEarningsAccumulatedLosses2023-09-3008273930ns5:FurnitureFittings2023-10-012024-09-3008273930ns5:MotorVehicles2023-10-012024-09-3008273930ns5:FurnitureFittings2023-09-3008273930ns5:MotorVehicles2023-09-3008273930ns5:FurnitureFittings2024-09-3008273930ns5:MotorVehicles2024-09-3008273930ns5:FurnitureFittings2023-09-3008273930ns5:MotorVehicles2023-09-3008273930ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3008273930ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3008273930ns5:Non-currentFinancialInstruments2024-09-3008273930ns5:Non-currentFinancialInstruments2023-09-3008273930ns10:OrdinaryShareClass12024-09-3008273930ns5:RetainedEarningsAccumulatedLosses2023-09-3008273930ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-30
REGISTERED NUMBER: 08273930 (England and Wales)















Simon Horn Furniture Limited

Financial Statements for the Year Ended 30th September 2024






Simon Horn Furniture Limited (Registered number: 08273930)

Contents of the Financial Statements
for the Year Ended 30th September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Simon Horn Furniture Limited

Company Information
for the Year Ended 30th September 2024







DIRECTOR: R A Barnett





REGISTERED OFFICE: 1 Jacobs Yard
North Lane
Buriton
Petersfield
Hampshire
GU31 5RR





REGISTERED NUMBER: 08273930 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Simon Horn Furniture Limited (Registered number: 08273930)

Balance Sheet
30th September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 368 1,145
Debtors 5 502,682 503,367
Cash at bank and in hand 100,476 87,597
603,526 592,109
CREDITORS
Amounts falling due within one year 6 (15,586 ) (25,563 )
NET CURRENT ASSETS 587,940 566,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,940

566,546

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 586,940 565,546
SHAREHOLDERS' FUNDS 587,940 566,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd June 2025 and were signed by:





R A Barnett - Director


Simon Horn Furniture Limited (Registered number: 08273930)

Notes to the Financial Statements
for the Year Ended 30th September 2024


1. STATEMENT OF COMPLIANCE

Simon Horn Furniture Limited is a private company, limited by shares, and is incorporated in England and Wales, registration number 08273930. The registered office is 1 Jacobs Yard, North Lane, Buriton, Petersfield, Hampshire, GU31 5RR.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax.

Sale of goods
Turnover from the sales of goods is recognised once the significant risks and rewards of ownership is transferred to the buyer, this is deemed when the goods are despatched to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If the stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

Simon Horn Furniture Limited (Registered number: 08273930)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Income Statement when there is objective evidence that the asset is impaired.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Simon Horn Furniture Limited (Registered number: 08273930)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st October 2023 2,521 16,683 19,204
Disposals (300 ) - (300 )
At 30th September 2024 2,221 16,683 18,904
DEPRECIATION
At 1st October 2023 2,521 16,683 19,204
Eliminated on disposal (300 ) - (300 )
At 30th September 2024 2,221 16,683 18,904
NET BOOK VALUE
At 30th September 2024 - - -
At 30th September 2023 - - -

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 965
Other debtors 229 -
VAT 112 -
Prepayments and accrued income 2,341 2,402
2,682 3,367

Amounts falling due after more than one year:
Amounts owed by group undertakings 500,000 500,000

Aggregate amounts 502,682 503,367

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,022 9,491
VAT - 192
Other creditors 1,103 9,738
Accruals and deferred income 4,461 6,142
15,586 25,563

Simon Horn Furniture Limited (Registered number: 08273930)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1st October 2023 565,546
Profit for the year 21,394
At 30th September 2024 586,940

9. 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.

10. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Miscombe Group Limited, a company incorporated in England and Wales. The ultimate controlling party is R A Barnett by virtue of being Settlor of The KDB Trust that controls Miscombe Trading Limited, parent of Miscombe Group Limited.

The registered office for both of these companies is 1 Jacobs Yard, North Lane, Buriton, Petersfield, Hampshire, GU31 5RR.

The smallest and largest group in which results are consolidated is that headed by Miscombe Group Limited. The consolidated financial statements are available to the public and can be obtained from Companies House (https://beta.companieshouse.gov.uk/).