REGISTERED NUMBER: 00843505 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Horderns Motor House Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S N Coley

N R Coley

REGISTERED OFFICE:

79-85 Market Street

Chapel En Le Frith

High Peak

SK23 0JD

REGISTERED NUMBER:

00843505 (England and Wales)

ACCOUNTANTS:

DHP Accountants Ltd

15 Buxton Old Road

Disley

Stockport

SK12 2BB

FIXED ASSETS

Tangible assets

4

111,924

113,090

Investment property

5

520,000

730,000

631,924

843,090

CURRENT ASSETS

Stocks

597,069

665,163

Debtors

6

108,964

156,917

Cash at bank and in hand

194,399

192,470

900,432

1,014,550

CREDITORS

Amounts falling due within one year

7

866,268

963,165

NET CURRENT ASSETS

34,164

51,385

TOTAL ASSETS LESS CURRENT LIABILITIES

666,088

894,475

CREDITORS

Amounts falling due after more than one year

8

(130,030

)

(151,826

)

PROVISIONS FOR LIABILITIES

(59,193

)

(74,732

)

NET ASSETS

476,865

667,917

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Retained earnings

472,865

663,917

SHAREHOLDERS' FUNDS

476,865

667,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2025 and were signed on its behalf by:

S N Coley - Director

1.	STATUTORY INFORMATION

Horderns Motor House 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.

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 as modified by the revaluation of certain assets.

Related party exemption

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost and Over the terms of the lease

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

47,865

519,221

567,086

Additions

-

10,932

10,932

At 31 March 2025

47,865

530,153

578,018

DEPRECIATION

At 1 April 2024

40,199

413,797

453,996

Charge for year

195

11,903

12,098

At 31 March 2025

40,394

425,700

466,094

NET BOOK VALUE

At 31 March 2025

7,471

104,453

111,924

At 31 March 2024

7,666

105,424

113,090

Fixed assets with a net book value of £8,608 (2024: £9,564) were held under hire purchase contracts at the year end.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

730,000

Disposals

(210,000

)

At 31 March 2025

520,000

NET BOOK VALUE

At 31 March 2025

520,000

At 31 March 2024

730,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

520,000

If investment property had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

320,378

449,762

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

28,848

56,213

Other debtors

80,116

100,704

108,964

156,917

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

16,972

24,559

Hire purchase contracts

6,190

9,166

Trade creditors

290,663

464,794

Amounts owed to group undertakings

1,700

-

Taxation and social security

36,545

25,146

Other creditors

514,198

439,500

866,268

963,165

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

45,786

64,317

Hire purchase contracts

304

1,636

Other creditors

83,940

85,873

130,030

151,826

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

20,211

28,395

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

62,758

88,876

Other loans

137,373

135,373

Hire purchase contracts

6,494

10,802

Vehicle funding

562,627

545,610

769,252

780,661

10.	RELATED PARTY DISCLOSURES

At the year end the directors were owed £89,893 (2024: £120,893) from the company.

All the directors are beneficiaries of the Horderns Motor House Limited Pension Scheme. The Pension Scheme charged rents of £42,600 (2024: £20,563) to the company.

At the year end the company was owed £18,046 (2024: £18,046) by Horderns Motor House Limited Pension Scheme and Horderns Motor House Pension Scheme was owed £137,373 (2024: £135,373) by the company. Interest paid to the pension scheme amounted to £4,425 (2024: 2,956).