REGISTERED NUMBER: 00628335 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

J.H.F. (1985) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Widdecombe

REGISTERED OFFICE:

New Victoria House

Weston Park Road

Plymouth

PL3 4NU

REGISTERED NUMBER:

00628335 (England and Wales)

ACCOUNTANTS:

TC Bromhead Limited

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Tangible assets

4

948

9,500

Investment property

5

720,000

700,000

720,948

709,500

CURRENT ASSETS

Debtors

6

5,188

7,216

Cash at bank and in hand

2,528

8,802

7,716

16,018

CREDITORS

Amounts falling due within one year

7

20,903

5,412

NET CURRENT (LIABILITIES)/ASSETS

(13,187

)

10,606

TOTAL ASSETS LESS CURRENT LIABILITIES

707,761

720,106

CREDITORS

Amounts falling due after more than one year

8

(146,088

)

(174,895

)

PROVISIONS FOR LIABILITIES

(121,558

)

(119,690

)

NET ASSETS

440,115

425,521

CAPITAL AND RESERVES

Called up share capital

9,000

9,000

Fair value reserve

10

511,346

489,472

Retained earnings

(80,231

)

(72,951

)

440,115

425,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 20 August 2025 and were signed by:

A J Widdecombe - Director

1.	STATUTORY INFORMATION

J.H.F. (1985) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Investment property

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

221,230

Disposals

(218,514

)

At 31 March 2025

2,716

DEPRECIATION

At 1 April 2024

211,730

Charge for year

153

Eliminated on disposal

(210,115

)

At 31 March 2025

1,768

NET BOOK VALUE

At 31 March 2025

948

At 31 March 2024

9,500

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

700,000

Additions

1,618

Revaluations

18,382

At 31 March 2025

720,000

NET BOOK VALUE

At 31 March 2025

720,000

At 31 March 2024

700,000

The original cost of the property was £81,170.

Investment property comprises freehold properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out as at 31 March 2025 by the director of J.H.F. (1985) Limited who has considerable experience and knowledge in this area. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

725

4,573

Other debtors

4,463

2,643

5,188

7,216

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

14,395

-

Trade creditors

350

292

Taxation and social security

3,858

1,122

Other creditors

2,300

3,998

20,903

5,412

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

146,088

174,895

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

102,842

113,254

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Loan

154,816

174,895

The loan is secured by a legal mortgage and fixed and floating charge over the assets of the company.

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

489,472

Transfer to/(from) reserves

21,874

At 31 March 2025

511,346

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

A J Widdecombe

Balance outstanding at start of year

-

-

Amounts advanced

3,206

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,206

-

A loan existed between the director and the company. The loan is interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

The director Mr A Widdecombe is also the director of a related company which J.H.F. (1985) Ltd leases premises to. J.H.F. (1985) Ltd recharged costs of £8,093 (2024 £9,969) to this company but no charge is made for rent of the premises.