1 01/12/2023 30/11/2024 2024-11-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-12-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07283258 2023-12-01 2024-11-30 07283258 2024-11-30 07283258 2023-11-30 07283258 2022-12-01 2023-11-30 07283258 2023-11-30 07283258 2022-11-30 07283258 core:PlantMachinery 2023-12-01 2024-11-30 07283258 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 07283258 bus:Director1 2023-12-01 2024-11-30 07283258 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-30 07283258 core:PlantMachinery 2023-11-30 07283258 core:FurnitureFittingsToolsEquipment 2023-11-30 07283258 core:LandBuildings core:OwnedOrFreeholdAssets 2024-11-30 07283258 core:PlantMachinery 2024-11-30 07283258 core:FurnitureFittingsToolsEquipment 2024-11-30 07283258 core:WithinOneYear 2024-11-30 07283258 core:WithinOneYear 2023-11-30 07283258 core:AfterOneYear 2024-11-30 07283258 core:AfterOneYear 2023-11-30 07283258 core:OtherReservesSubtotal 2022-12-01 2023-11-30 07283258 core:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 07283258 core:OtherReservesSubtotal 2023-12-01 2024-11-30 07283258 core:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 07283258 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 07283258 core:ShareCapital 2024-11-30 07283258 core:ShareCapital 2023-11-30 07283258 core:OtherReservesSubtotal 2024-11-30 07283258 core:OtherReservesSubtotal 2023-11-30 07283258 core:RetainedEarningsAccumulatedLosses 2024-11-30 07283258 core:RetainedEarningsAccumulatedLosses 2023-11-30 07283258 core:ShareCapital 2022-11-30 07283258 core:OtherReservesSubtotal 2022-11-30 07283258 core:RetainedEarningsAccumulatedLosses 2022-11-30 07283258 core:PreviouslyStatedAmount core:ShareCapital 2024-11-30 07283258 core:HedgingReserve 2023-11-30 07283258 core:HedgingReserve 2022-11-30 07283258 core:HedgingReserve 2024-11-30 07283258 core:HedgingReserve 2023-11-30 07283258 core:HedgingReserve 2023-12-01 2024-11-30 07283258 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-30 07283258 core:PlantMachinery 2023-11-30 07283258 core:FurnitureFittingsToolsEquipment 2023-11-30 07283258 bus:Director1 2023-11-30 07283258 bus:Director1 2024-11-30 07283258 bus:Director1 2022-11-30 07283258 bus:Director1 2023-11-30 07283258 bus:Director1 2022-12-01 2023-11-30 07283258 bus:SmallEntities 2023-12-01 2024-11-30 07283258 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07283258 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07283258 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07283258 bus:FullAccounts 2023-12-01 2024-11-30 07283258 core:OtherMiscellaneousReserve 2023-11-30 07283258 core:OtherMiscellaneousReserve 2022-11-30 07283258 core:OtherMiscellaneousReserve 2023-12-01 2024-11-30 07283258 core:OtherMiscellaneousReserve 2024-11-30
Company registration number: 07283258
Howorth Westbury Properties Limited
Unaudited filleted financial statements
30 November 2024
Howorth Westbury Properties Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Howorth Westbury Properties Limited
Statement of financial position
30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 9,915,682 10,922,109
_______ _______
9,915,682 10,922,109
Current assets
Debtors 6 298,307 380,068
Cash at bank and in hand 35,115 85,660
_______ _______
333,422 465,728
Creditors: amounts falling due
within one year 7 ( 1,545,515) ( 2,600,316)
_______ _______
Net current liabilities ( 1,212,093) ( 2,134,588)
_______ _______
Total assets less current liabilities 8,703,589 8,787,521
Creditors: amounts falling due
after more than one year 8 ( 2,029,791) ( 2,280,560)
Provisions for liabilities ( 1,126,311) ( 876,766)
_______ _______
Net assets 5,547,487 5,630,195
_______ _______
Capital and reserves
Called up share capital 800 800
Other reserves 3,119,311 3,737,794
Profit and loss account 2,427,376 1,891,601
_______ _______
Shareholders funds 5,547,487 5,630,195
_______ _______
For the year ending 30 November 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:
Mr. A C Parker
Director
Company registration number: 07283258
Howorth Westbury Properties Limited
Statement of changes in equity
Year ended 30 November 2024
Called up share capital Other reserves Profit and loss account
£ £ £
At 1 December 2022 800 3,737,794 1,710,051
(Loss)/profit for the year 181,550
Other comprehensive income for the year (note ) - 3,737,794 -
_______ _______ _______
Total comprehensive income for the year - - 181,550
_______ _______ _______
At 30 November 2023 and 1 December 2023 800 3,737,794 1,891,601
(Loss)/profit for the year ( 82,708)
Other comprehensive income for the year (note ) - 3,119,311 618,483
_______ _______ _______
Total comprehensive income for the year - ( 618,483) 535,775
_______ _______ _______
At 30 November 2024 800 3,119,311 2,427,376
_______ _______ _______
Howorth Westbury Properties Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 4 % straight line
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 December 2023 10,850,000 118,844 16,227 10,985,071
Additions - - 1,763 1,763
Disposals ( 1,000,000) - - ( 1,000,000)
_______ _______ _______ _______
At 30 November 2024 9,850,000 118,844 17,990 9,986,834
_______ _______ _______ _______
Depreciation
At 1 December 2023 - 57,313 5,649 62,962
Charge for the year - 4,754 3,436 8,190
_______ _______ _______ _______
At 30 November 2024 - 62,067 9,085 71,152
_______ _______ _______ _______
Carrying amount
At 30 November 2024 9,850,000 56,777 8,905 9,915,682
_______ _______ _______ _______
At 30 November 2023 10,850,000 61,531 10,578 10,922,109
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 207,776 206,888
Other debtors 90,531 173,180
_______ _______
298,307 380,068
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 634,743 879,553
Trade creditors 44,106 54,371
Corporation tax 233,486 162,276
Social security and other taxes 32,873 60,039
Other creditors 600,307 1,444,077
_______ _______
1,545,515 2,600,316
_______ _______
Bank loans of £634,743 (2023 £879,553) are secured on all present and future assets of the company.
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 2,024,776 2,265,423
Other creditors 5,015 15,137
_______ _______
2,029,791 2,280,560
_______ _______
Bank loans of £2,024,776 (2023 £2,265,423) are secured on all present and future assets of the company.
9. Fair value reserve
Included within other reserves is the fair value reserve as follows:
2024 2023
£ £
At start of year 3,737,794 3,737,794
Reclassification from fair value reserve to profit and loss account ( 618,483) -
_______ _______
At end of year 3,119,311 3,737,794
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr. A C Parker ( 1,158,070) ( 2,023,931) 2,855,934 ( 326,067)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr. A C Parker ( 1,204,432) 46,362 - ( 1,158,070)
_______ _______ _______ _______
The loan is provided on an interest free basis and is repayable on demand.