Registration number: 07260167

His Church Limited

(Registration number: 07260167)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	315	360
Tangible assets	5	81,645	45,247
		81,960	45,607
Current assets
Stocks	6	6,370	6,370
Debtors	7	19,896	55,852
Cash at bank and in hand		336,316	381,153
		362,582	443,375
Creditors: Amounts falling due within one year	8	(443,255)	(483,488)
Net current liabilities		(80,673)	(40,113)
Net assets		1,287	5,494
Capital and reserves
Called up share capital	9	1	1
Retained earnings		1,286	5,493
Shareholders' funds		1,287	5,494

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 September 2025 and signed on its behalf by:
 

......................................... C R Matthews Director

His Church Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
54 Bootham
YORK
YO30 7XZ

The principal place of business is:
PO Box 201
Market Rasen
Lincolnshire
LN8 9AT

These financial statements were authorised for issue by the Board on 8 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

His Church Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis. The directors of the holding entity have confirmed continuing support to the trading entity for the next 12 months from signing the balance sheet.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 8 September 2025 was Sarah Wearing, FCA, DChA, who signed for and on behalf of HPH.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amout of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

His Church Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Asset class	Depreciation method and rate
Semi-permanent structures	20% Reducing Balance
Plant and machinery	25% Straight Line
Other assets	25% Reducing Balance

Heritage assets

The Company holds a famous Cold War interceptor, English Electric Lightning T. Mk5 XS 459 plane, which first flew in December 1965.

It is included at cost and due to its historic nature it has been deemed to have an indefinite life. The Company therefore values the asset at full cost with no depreciation, less any subsequent impairment losses.

The plane was purchased in 2021 for £22,000.

The Company purchased two David Shepherd original oil paintings in 2024 for £20,000.

They are included at cost and due to their historic nature and art value they have been deemed to have an indefinite life. The Company therefore values the asset at full cost with no depreciation, less any subsequent impairment losses.

The Company purchased a classic Rolls Royce Silver Spur III in 2024 for £22,500.

It is included at cost and due to its rarity and the expectation that its value will not diminish over time, it has been deemed to have an indefinite useful life. The Company therefore values the asset at full cost with no depreciation, less any subsequent impairment losses.

Intangible assets

Costs capitalised relating to the registration of a trademark.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intangible assets	10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

His Church Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The stock of containers is stated at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase and other costs incurred in bringing stock to its present location. At each reporting date, the stock of containers is assessed for impairment. If the stock of containers is impaired, the carrying amount is reduced and the impairment loss is recognised immediately in the statement of financial activities.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Corporate gift aid distribution

The corporate gift aid distribution to the company’s parent charity is recognised as a liability in the financial statements in the reporting period in which the diistribution is declared in accordance with the terms of a deed of covenant between the two entities.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its
liabilities. Where shares are issued, any component that creates a financial liability of the company is
presented as a liability in the balance sheet. The corresponding dividends relating to the liability
component are charged as interest expense in the profit and loss account.

His Church Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

3	Staff numbers

The average number of officers of the company (including directors) during the year, was 3 (2023 - 3). The officers of the company received no remuneration in the year.

The company utilises employees of the parent entity for which it is recharged during the year.

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
Additions acquired separately	450	450
At 31 December 2024	450	450
Amortisation
At 1 January 2024	90	90
Amortisation charge	45	45
At 31 December 2024	135	135
Carrying amount
At 31 December 2024	315	315
At 31 December 2023	360	360

His Church Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

6

Stocks

	2024 £	2023 £
Other inventories	6,370	6,370

7

Debtors

Current	2024 £	2023 £
Trade debtors	19,896	55,852

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		257	990
Amounts owed to group undertakings and undertakings in which the company has a participating interest		410,342	446,426
Taxation and social security		30,181	33,743
Accruals and deferred income		2,475	2,329
		443,255	483,488

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share of £1 each	1	1	1	1

10	Parent and ultimate parent undertaking

The company's immediate parent is His Church (a UK registered charity, number 1097667), constituted in the United Kingdom.

  These financial statements are available upon request from Hangar 3, Brookenby Park, Binbrook, Market Rasen, Lincolnshire, LN8 6HF