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Registered number: 14320853
Howard Worth Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Howard Worth Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Howard Worth Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 14320853

| 31 December 2024 | 31 December 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1,413,125 |  | 1,413,125
Investments | 5 |  | 100 |  | 100
|  |  | 1,413,225 |  | 1,413,225
CURRENT ASSETS
Debtors | 6 | 59,942 |  | 135,655 |
Cash at bank and in hand |  | 23,507 |  | 25,013 |
|  | 83,449 |  | 160,668 |
Creditors: Amounts Falling Due Within One Year | 7 | (124,823 ) |  | (104,012 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (41,374 ) |  | 56,656
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,371,851 |  | 1,469,881
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (545,527 ) |  | (678,765 )
NET ASSETS |  |  | 826,324 |  | 791,116
CAPITAL AND RESERVES
Called up share capital | 9 |  | 790,663 |  | 790,663
Profit and Loss Account |  |  | 35,661 |  | 453
SHAREHOLDERS' FUNDS |  |  | 826,324 |  | 791,116

Page 1
Page 2
Howard Worth Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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

G P Makin Director
28 April 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Howard Worth Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Howard Worth Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14320853 . The registered office is 1 Allum Brook Barns, London Road, Holmes Chapel, Cheshire, CW4 8AX.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill represents the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It has been determined by the directors that the residual value of the goodwill asset can be accurately determined on the basis of there being an active market for the asset which is expected to still exist at the end of its life. Amortisation is only applied on any difference between its cost and residual value if there is any. The directors review this on an annual basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 January 2024 | 1,413,125
As at 31 December 2024 | 1,413,125
Net Book Value
As at 31 December 2024 | 1,413,125
As at 1 January 2024 | 1,413,125

5. Investments

| Subsidiaries
--- | ---
| £
Cost
As at 1 January 2024 | 100
As at 31 December 2024 | 100
Provision
As at 1 January 2024 | -
As at 31 December 2024 | -

...CONTINUED
Page 3
Page 4
Howard Worth Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024 | 100
As at 1 January 2024 | 100

6. Debtors

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 33,942 |  | 42,608
Amounts owed by subsidiaries | 26,000 |  | 93,047
| 59,942 |  | 135,655

7. Creditors: Amounts Falling Due Within One Year

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 87,092 |  | 74,894
Other loans | 37,581 |  | 29,118
Accruals and deferred income | 150 |  | -
| 124,823 |  | 104,012

Of the creditors due within one year, £87,092 (2023 - £74,894) is secured under a fixed and floating charge over all the property and undertaking of the company which was dated 30 November 2023.
8. Creditors: Amounts Falling Due After More Than One Year

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 490,040 |  | 577,291
Other loans | 55,487 |  | 101,474
| 545,527 |  | 678,765

Of the creditors due after more than one year, £490,040 (2023 - £577,291) is secured under a fixed and floating charge over all the property and undertaking of the company which was dated 30 November 2023.
Page 4
Page 5
Howard Worth Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Share Capital

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 790,663 |  | 790,663

Page 5