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Registration number: 08232559

James Haggarty Building Technologies Group Limited

Unaudited Financial Statements

for the Year Ended 30 August 2024

 

James Haggarty Building Technologies Group Limited

Contents

Statement of Financial Position

1

Notes to the Financial Statements

2 to 5

 

James Haggarty Building Technologies Group Limited

(Registration number: 08232559)
Statement of Financial Position as at 30 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

2,359,841

2,359,841

Investments

5

1,020,404

1,020,404

 

3,380,245

3,380,245

Current assets

 

Debtors

6

25,437

8,701

Cash at bank and in hand

 

88,320

91,195

 

113,757

99,896

Creditors: Amounts falling due within one year

7

(22,466)

(31,105)

Net current assets

 

91,291

68,791

Net assets

 

3,471,536

3,449,036

Capital and reserves

 

Called up share capital

52

52

Share premium reserve

520,355

520,355

Retained earnings

2,951,129

2,928,629

Shareholders' funds

 

3,471,536

3,449,036

For the financial 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.

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 Income Statement .

Approved and authorised by the Board on 18 August 2025 and signed on its behalf by:
 

.........................................
D J Morris
Director

   
     
 

James Haggarty Building Technologies Group Limited

Notes to the Financial Statements for the Year Ended 30 August 2024

1

General information

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

The address of its registered office is:
Imperial Buildings
20 - 22 Bull Ring
High Street
Northwich
Cheshire
CW9 5BU
England

These financial statements were authorised for issue by the Board on 18 August 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 for the year ended 30 August 2022 comply with FRS 102 Section 1A for small entities.

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.

Exemption from preparing group accounts
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

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.

Tax

The tax expense for the period comprises 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.

 

James Haggarty Building Technologies Group Limited

Notes to the Financial Statements for the Year Ended 30 August 2024

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 carried at fair value, derived from the current market prices for comparable real estate determined annually. 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Investment properties

2024
£

At 30 August 2023 and 30 August 2024

2,359,841

There has been no valuation of investment property by an independent valuer. The director, having considered the value of the investment property on an open market basis, has determined that there has been no change during the year.

 

James Haggarty Building Technologies Group Limited

Notes to the Financial Statements for the Year Ended 30 August 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

1,020,404

1,020,404

Subsidiaries

£

Cost or valuation

At 31 August 2023

1,020,404

At 30 August 2024

1,020,404

Carrying amount

At 30 August 2024

1,020,404

At 30 August 2023

1,020,404

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Vectorwell Limited

Imperial Buildings 20-22 Bull Ring, High Street, Northwich, CW9 5BU.

England

Ordinary

100%

100%

6

Debtors

Current

2024
£

2023
£

Prepayments

6,844

5,438

Other debtors

18,593

3,263

 

25,437

8,701

 

James Haggarty Building Technologies Group Limited

Notes to the Financial Statements for the Year Ended 30 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

459

3,420

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

2,107

907

Taxation and social security

 

7,799

12,602

Accruals and deferred income

 

3,675

3,500

Other creditors

 

8,426

10,676

 

22,466

31,105