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Company registration number: 08726081
Henley Homes RF Limited
Unaudited filleted financial statements
31 December 2024
Pearlman Rose
Chartered Accountants
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London, E14 9YQ
Henley Homes RF Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Henley Homes RF Limited
Directors and other information
Directors Mr Tariq Zamir Usmani
Mr Kashif Zamir Usmani
Company number 08726081
Registered office 50 Havelock Terrace
London
SW8 4AL
Accountants Pearlman Rose
Chartered Accountants
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London
E14 9YQ
Henley Homes RF Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 4 1,702,306 3,349,198
_______ _______
1,702,306 3,349,198
Current assets
Debtors 5 110,181 103,701
Cash at bank and in hand 1,075 10,081
_______ _______
111,256 113,782
Creditors: amounts falling due
within one year 6 ( 2,943,226) ( 3,597,898)
_______ _______
Net current liabilities ( 2,831,970) ( 3,484,116)
_______ _______
Total assets less current liabilities ( 1,129,664) ( 134,918)
Creditors: amounts falling due
after more than one year 7 ( 6,667) ( 16,667)
Provisions for liabilities ( 45,364) ( 109,303)
_______ _______
Net liabilities ( 1,181,695) ( 260,888)
_______ _______
Capital and reserves
Called up share capital 100 100
Revaluation reserve 2,676,120 2,676,120
Profit and loss account ( 3,857,915) ( 2,937,108)
_______ _______
Shareholders deficit ( 1,181,695) ( 260,888)
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 June 2025 , and are signed on behalf of the board by:
Mr Tariq Zamir Usmani
Director
Company registration number: 08726081
Henley Homes RF Limited
Statement of changes in equity
Year ended 31 December 2024
Called up share capital Revaluation reserve Profit and loss account Total
£ £ £ £
At 1 January 2023 100 2,676,120 ( 564,010) 2,112,210
Loss for the year ( 2,373,098) ( 2,373,098)
_______ _______ _______ _______
Total comprehensive income for the year - - ( 2,373,098) ( 2,373,098)
_______ _______ _______ _______
At 31 December 2023 and 1 January 2024 100 2,676,120 (2,937,107) (260,887)
Loss for the year ( 920,808) ( 920,808)
_______ _______ _______ _______
Total comprehensive income for the year - - ( 920,808) ( 920,808)
_______ _______ _______ _______
At 31 December 2024 100 2,676,120 ( 3,857,915) ( 1,181,695)
_______ _______ _______ _______
Henley Homes RF 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 England and Wales. The address of the registered office is Henley Homes RF Limited, 50 Havelock Terrace, London, SW8 4AL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset 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
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
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 or 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
Other investments other than loans Total
£ £
Cost or valuation
At 1 January 2024 3,349,198 3,349,198
Disposals ( 1,167,620) ( 1,167,620)
Revaluations ( 479,272) ( 479,272)
_______ _______
At 31 December 2024 1,702,306 1,702,306
_______ _______
_______ _______
Historical cost
At 31 December 2024 1,702,306 1,702,306
_______ _______
At 31 December 2023 3,349,198 3,349,198
_______ _______
5. Debtors
2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 4,981 5,701
Other debtors 105,200 98,000
_______ _______
110,181 103,701
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 1,648,406 2,272,309
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,288,070 1,261,070
Other creditors 6,750 64,519
_______ _______
2,943,226 3,597,898
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 6,667 16,667
_______ _______
The bank loan of £16,667 is a Bounce Back Loan which is to be repaid in full via instalments by 6 August 2026. The loan is secured by a government guarantee.The other loan of £1,638,406 is secured on the company's investment properties and was repayable in February 2023. Interest is charged compounded at 0.93% per month.The interest has been increased to 1.9% compounded per month starting 26 February 2023.