0 23 April 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 610,600 610,600 610,600 xbrli:pure xbrli:shares iso4217:GBP NI654581 2024-01-01 2024-12-31 NI654581 2024-12-31 NI654581 2023-12-31 NI654581 2023-01-01 2023-12-31 NI654581 2023-12-31 NI654581 2022-12-31 NI654581 bus:Director1 2024-01-01 2024-12-31 NI654581 core:AfterOneYear 2024-12-31 NI654581 core:AfterOneYear 2023-12-31 NI654581 core:WithinOneYear 2023-12-31 NI654581 core:ShareCapital 2024-12-31 NI654581 core:ShareCapital 2023-12-31 NI654581 core:SharePremium 2024-12-31 NI654581 core:SharePremium 2023-12-31 NI654581 core:RetainedEarningsAccumulatedLosses 2024-12-31 NI654581 core:RetainedEarningsAccumulatedLosses 2023-12-31 NI654581 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 NI654581 core:Non-currentFinancialInstruments 2024-12-31 NI654581 core:Non-currentFinancialInstruments 2023-12-31 NI654581 bus:SmallEntities 2024-01-01 2024-12-31 NI654581 bus:Audited 2024-01-01 2024-12-31 NI654581 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI654581 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI654581 bus:FullAccounts 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: NI654581
Herbert Corporate Holdings Limited
Filleted Financial Statements
31 December 2024
Herbert Corporate Holdings Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
610,600
610,600
Current assets
Debtors
5
800,100
800,100
Creditors: amounts falling due within one year
6
–
25,150
---------
---------
Net current assets
800,100
774,950
------------
------------
Total assets less current liabilities
1,410,700
1,385,550
Creditors: amounts falling due after more than one year
7
780,622
755,440
------------
------------
Net assets
630,078
630,110
------------
------------
Capital and reserves
Called up share capital
101
101
Share premium account
610,599
610,599
Profit and loss account
19,378
19,410
---------
---------
Shareholders funds
630,078
630,110
---------
---------
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 statement of income and retained earnings has not been delivered.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 23 April 2025 , and are signed on behalf of the board by:
Mrs L E Herbert
Director
Company registration number: NI654581
Herbert Corporate Holdings Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Consolidation
The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under UK law.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2024 and 31 December 2024
610,600
---------
Impairment
At 1 January 2024 and 31 December 2024
–
---------
Carrying amount
At 31 December 2024
610,600
---------
At 31 December 2023
610,600
---------
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
800,000
800,000
Other debtors
100
100
---------
---------
800,100
800,100
---------
---------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
800,000
800,000
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
–
25,150
----
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
780,622
755,440
---------
---------
8. Summary audit opinion
The auditor's report dated 23 April 2025 was unqualified .
The senior statutory auditor was Cathal Maneely , for and on behalf of Maneely Mc Cann Chartered Accountants .
9. Related party transactions
Control Herbert Corporate Holdings Limited is a wholly owned subsidiary of Herbert Corporate Holdings (IOM) Limited, a company incorporated in Isle of Man. Mrs L E Herbert is the shareholder of Herbert Corporate Holdings (IOM) Limited and as such is considered to be the ultimate controlling party of the company. Transactions The company has taken advantage of the exemption from disclosing related party transactions with group companies, in accordance with Financial Reporting Standard No 102 Section 1A Appendix C, Related Party Disclosures.
10. Controlling party
Herbert Corporate Holdings (IOM) Limited , a company incorporated in the Isle of Man, is the company's ultimate parent company. Copies of the consolidated financial statements for Herbert Corporate Holdings Limited may be obtained from Ground Floor, Dorchester House, Belmont Hill, Douglas, Isle of Man, IM1 4RE .