Horan Construction Holdings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12348210 (England and Wales)

Horan Construction Holdings Limited

Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

A M Evans

B F O'Donovan

K Sheppard

C Williams

R Bailey

Registered office:

Horan House

Seawall Road

Cardiff

United Kingdom

CF24 5TH

Registered number:

12348210 (England and Wales)

Auditors:

Menzies LLP, Statutory Auditors

5th Floor Hodge House

114-116 St Mary Street

Cardiff

CF10 1DY

Fixed assets

Investments

4

6,500,020

Current assets

Debtors

5

380

Cash at bank

393

9,951

773

10,331

Creditors

Amounts falling due within one year

6

(230

)

(230

)

Net current assets

543

10,101

Total assets less current liabilities

6,500,563

6,510,121

Capital and reserves

Called up share capital

400

Retained earnings

6,500,163

6,509,721

Shareholders' funds

6,500,563

6,510,121

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 Board of Directors and authorised for issue on 29th September 2025 and were signed on its behalf by:

B F O'Donovan - Director

1.	Statutory information

Horan Construction Holdings 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.

Preparation of consolidated financial statements

The financial statements contain information about Horan Construction Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The directors believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. They have considered a period of twelve months from the date of approval of the financial statements.

Investments

Investments in subsidiary undertakings are recognised at cost.

Financial Instruments

Financial instruments are recognised in the companys balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at present value of the future payments discounted at the market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.	Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1st January 2024

and 31st December 2024

6,500,020

Net book value

At 31st December 2024

6,500,020

At 31st December 2023

6,500,020

5.

Debtors: amounts falling due within one year

2024

2023

£

Other debtors

380

6.

Creditors: amounts falling due within one year

2024

2023

£

Directors' current accounts

230

7.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)

for and on behalf of Menzies LLP, Statutory Auditors

8.	Directors' advances, credits and guarantees

The following advances and credits from directors subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

K Sheppard

Balance outstanding at start of year

-

24,500

Amounts repaid

-

(24,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

B F O'Donovan

Balance outstanding at start of year

230

102,230

Amounts repaid

-

(102,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

230

A M Evans

Balance outstanding at start of year

-

24,500

Amounts repaid

-

(24,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

R Bailey

Balance outstanding at start of year

-

24,500

Amounts repaid

-

(24,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

C Williams

Balance outstanding at start of year

-

24,500

Amounts repaid

-

(24,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	Ultimate controlling party

All class of shares rank pari passu in all respects. There is no ultimate controlling party.