REGISTERED NUMBER: 09461563 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 30 SEPTEMBER 2024

FOR

HENWORTH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr H Greenfield

Mr G S Gold

SECRETARY:

Mr G S Gold

REGISTERED OFFICE:

55 Loudoun Road

St John'S Wood

London

NW8 0DL

REGISTERED NUMBER:

09461563 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Intangible assets

4

-

71,000

Tangible assets

5

-

14,742

Investments

6

-

20,608

-

106,350

CURRENT ASSETS

Debtors

7

-

19,551

Cash at bank and in hand

57,609

64,907

57,609

84,458

CREDITORS

Amounts falling due within one year

8

(62,097

)

(410,834

)

NET CURRENT LIABILITIES

(4,488

)

(326,376

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,488

)

(220,026

)

CREDITORS

Amounts falling due after more than one year

9

(4,000

)

(13,000

)

NET LIABILITIES

(8,488

)

(233,026

)

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

(9,488

)

(234,026

)

SHAREHOLDERS' FUNDS

(8,488

)

(233,026

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr H Greenfield - Director

Mr G S Gold - Director

1.	STATUTORY INFORMATION

Henworth 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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents amounts receivable for services net of VAT.

Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Reporting period

The company extended the accounting period to 18 months to 30 September 2024. The comparative amounts presented in the financial statement cover a 12 month period and are not entirely comparable with the amounts presented for the current period covering 18 months to 30 September 2024.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Pension costs and other post-retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

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

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2023

and 30 September 2024

355,000

AMORTISATION

At 1 April 2023

284,000

Amortisation for period

71,000

At 30 September 2024

355,000

NET BOOK VALUE

At 30 September 2024

-

At 31 March 2023

71,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2023

and 30 September 2024

82,691

DEPRECIATION

At 1 April 2023

67,949

Charge for period

2,948

Eliminated on disposal

11,794

At 30 September 2024

82,691

NET BOOK VALUE

At 30 September 2024

-

At 31 March 2023

14,742

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2023

20,608

Disposals

(20,608

)

At 30 September 2024

-

NET BOOK VALUE

At 30 September 2024

-

At 31 March 2023

20,608

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

31.3.23

£

£

Trade debtors

-

8,202

Other debtors

-

11,349

-

19,551

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

31.3.23

£

£

Bank loans and overdrafts (see note 10)

6,000

6,000

Trade creditors

2,837

23,912

Taxation and social security

6,930

10,391

Other creditors

46,330

370,531

62,097

410,834

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

31.3.23

£

£

Bank loans (see note 10)

4,000

13,000

10.

LOANS

An analysis of the maturity of loans is given below:

30.9.24

31.3.23

£

£

Amounts falling due within one year or on demand:

Bank loans

6,000

6,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

4,000

13,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

31.3.23

value:

£

£

100

Ordinary A

£1

100

100

900

Ordinary B

£1

900

900

1,000

1,000