REGISTERED NUMBER: 02802154 (England and Wales)

Unaudited Financial Statements

for the Year Ended 29 September 2024

for

Structural Holdings And Consultancy

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Read

SECRETARY:

L C Read

REGISTERED OFFICE:

Diss Business Park

Hopper Way

Sandy Lane

Diss

Norfolk

IP22 4GT

REGISTERED NUMBER:

02802154 (England and Wales)

ACCOUNTANT:

Scrutton Bland Limited

820 The Crescent

Colchester Business Park

Colchester

Essex

CO4 9YQ

FIXED ASSETS

Tangible assets

4

20,123

297

Investment property

5

6,000,000

6,963,000

6,020,123

6,963,297

CURRENT ASSETS

Debtors

6

4,972,354

4,165,287

Cash at bank

21,755

66,199

4,994,109

4,231,486

CREDITORS

Amounts falling due within one year

7

343,460

314,772

NET CURRENT ASSETS

4,650,649

3,916,714

TOTAL ASSETS LESS CURRENT LIABILITIES

10,670,772

10,880,011

CREDITORS

Amounts falling due after more than one year

8

(1,695,530

)

(1,953,969

)

PROVISIONS FOR LIABILITIES

(1,075,601

)

(1,057,816

)

NET ASSETS

7,899,641

7,868,226

CAPITAL AND RESERVES

Called up share capital

101

101

Revaluation reserve

10

3,527,016

3,997,974

Retained earnings

4,372,524

3,870,151

SHAREHOLDERS' FUNDS

7,899,641

7,868,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 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 4 August 2025 and were signed by:

J Read - Director

1.	STATUTORY INFORMATION

Structural Holdings And Consultancy 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include the valuation of investment properties. These valuations are determined annually by the directors using a combination of external valuations performed either during the year, in previous periods or shortly after the year end and their own knowledge.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rent-free periods and other incentives given for entering into a lease are accounted for over the period of the lease so as to spread the benefit given over the lease term.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition for it to be be capable of operating in the manner intended by management.

Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method. The rates applicable are:

Plant and machinery

20% per annum

Fixtures and fittings

20% per annum

Motor vehicles

25% per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses of disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate; adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided and changes in fair value are recognised in the Income Statement.

Property under development is classified as either freehold land or assets in the course of construction. No depreciation is provided and such assets are not revalued. When developments are completed and leased on an arm's length basis to a third party they are transferred to investment property and revalued.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to/from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised cost the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment the impairment loss is measured as the difference between an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the amount the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Debtors

Short term debtors are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 30 September 2023

55,399

Additions

20,368

Disposals

(10,200

)

At 29 September 2024

65,567

DEPRECIATION

At 30 September 2023

55,102

Charge for year

542

Eliminated on disposal

(10,200

)

At 29 September 2024

45,444

NET BOOK VALUE

At 29 September 2024

20,123

At 29 September 2023

297

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 September 2023

6,963,000

Disposals

(963,000

)

At 29 September 2024

6,000,000

NET BOOK VALUE

At 29 September 2024

6,000,000

At 29 September 2023

6,963,000

Investment property

Assets in the course of construction

Total

£

£

£

Valuation

At 30 September 2023

6,963,000

-

6,963,000

Additions

-

-

-

Disposals

(963,000

)

-

(963,000

)

Surplus/(deficit) on revaluation

-

-

-

Transfers between classes

-

-

-

At 29 September 2024

6,000,000

-

6,000,000

The historic cost of the investment property, including assets in the course of construction, at 29 September 2024 was £1,530,026 (2023: £1,995,546).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Trade debtors

172,093

47,828

Other debtors

4,800,261

4,117,459

4,972,354

4,165,287

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.9.24

29.9.23

£

£

Bank loans and overdrafts

40,496

49,654

Trade creditors

176,477

172,896

Taxation and social security

54,688

6,005

Other creditors

71,799

86,217

343,460

314,772

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.9.24

29.9.23

£

£

Bank loans

1,695,530

1,953,969

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,538,529

1,676,299

9.	SECURED DEBTS

The following secured debts are included within creditors:

29.9.24

29.9.23

£

£

Bank loans

1,736,026

2,003,623

The bank loans are secured by legal charges over certain properties owned by the company and a £431,000 (2023: £431,000) guarantee from J Read.

10.

RESERVES

Revaluation

reserve

£

At 30 September 2023

3,997,974

Reserve transfer

(470,958

)

At 29 September 2024

3,527,016

11.	RELATED PARTY DISCLOSURES

At the year end £46,828 was due from a director (2023: £617,592). Repayments in the year amounted to £616,300, with new loans amounting to £45,535.

At the year end balances due to/from companies over which the shareholder exerts significant influence amounted to £4,751,323 and £nil respectively (2023: £3,414,657 and £nil respectively).