Registration number: 01979389

J.H.P. Storage Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

J.H.P. Storage Limited

Company Information

Directors

S J Halmshaw J Halmshaw C C Halmshaw B M Halmshaw V E Halmshaw S K Halmshaw

Company secretary

B M Halmshaw

Registered office

Stirling House The Flarepath Elsham Wold Elsham, Brigg DN20 0NX

Solicitors

Beetenson & Gibbon Lauriston House Town Hall Square Grimsby North East Lincolnshire DN31 1JB

J.H.P. Storage Limited

(Registration number: 01979389)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	114,932	3,546
Investment property	6	1,450,000	1,199,827
		1,564,932	1,203,373
Current assets
Debtors	7	461,645	727,358
Cash at bank and in hand		672,240	450,931
		1,133,885	1,178,289
Creditors: Amounts falling due within one year	8	(425,970)	(573,166)
Net current assets		707,915	605,123
Total assets less current liabilities		2,272,847	1,808,496
Creditors: Amounts falling due after more than one year	8	(71,921)	-
Provisions for liabilities		(127,090)	(36,471)
Net assets		2,073,836	1,772,025
Capital and reserves
Called up share capital	10	100	100
Other reserves		366,487	179,087
Retained earnings		1,707,249	1,592,838
Shareholders' funds		2,073,836	1,772,025

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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.

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.

J.H.P. Storage Limited

(Registration number: 01979389)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

......................................... S J Halmshaw Director

......................................... C C Halmshaw Director

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 01979389.

These financial statements cover the individual entity, J.H.P Storage Limited.

The address of its registered office is:
Stirling House
The Flarepath
Elsham Wold
Elsham, Brigg
DN20 0NX

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 were prepared in accordance with Financial Reporting Standard 102 including section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

Revenue recognition

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

The Company recognises revenue when:
The amount 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 tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

Page 4

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position 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 over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% and 20% per annum on a straight line basis
Fixtures, fittings and office equipment	10% and 20% per annum on a straight line basis
Investment properties	No depreciation is charged

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Intangible assets

Separately acquired website costs are shown at historical cost.

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
Website costs	33% per annum on a straight line basis

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.

Trade debtors

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

Trade debtors are recognised at the transaction price, 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.

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 at the transaction price.

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company during the year, was 4 (2024 - 4).

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Website costs £	Total £
Cost or valuation
At 1 April 2024	1,200	1,200
At 31 March 2025	1,200	1,200
Amortisation
At 1 April 2024	1,200	1,200
At 31 March 2025	1,200	1,200
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Fixtures, fittings and office equipment £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	63,998	170,895	-	234,893
Additions	3,695	5,545	107,260	116,500
At 31 March 2025	67,693	176,440	107,260	351,393
Depreciation
At 1 April 2024	60,452	170,895	-	231,347
Charge for the year	1,160	836	3,118	5,114
At 31 March 2025	61,612	171,731	3,118	236,461
Carrying amount
At 31 March 2025	6,081	4,709	104,142	114,932
At 31 March 2024	3,546	-	-	3,546

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Investment properties

	2025 £
At 1 April 2024	1,199,827
Fair value adjustments	250,173
At 31 March 2025	1,450,000

7

Debtors

	2025 £	2024 £
Trade debtors	371,542	435,593
Prepayments and accrued income	14,903	16,765
Other debtors	75,200	275,000
	461,645	727,358

Details of non-current trade and other debtors

£Nil (2024 - £55,000) of other debtors is classified as non current.

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		54,615	106,182
Taxation and social security		46,404	108,657
Other creditors		11,605	6,033
Accruals and deferred income		313,346	352,294
		425,970	573,166

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £10,927 (2024 - £nil).

The obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	71,921	-

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £71,921 (2024 - £nil).

The obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

Page 8

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Finance lease liabilities	71,921	-

Current loans and borrowings

	2025 £	2024 £
Finance lease liabilities	10,927	-
Other borrowings	678	666
	11,605	666

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	24	24	24	24
Ordinary B shares of £1 each	24	24	24	24
Ordinary C shares of £1 each	2	2	2	2
Ordinary D shares of £1 each	2	2	2	2
Ordinary E shares of £1 each	24	24	24	24
Ordinary F shares of £1 each	24	24	24	24
	100	100	100	100

11	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	8,967	-
Later than one year and not later than five years	17,186	-
	26,153	-

J.H.P. Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

12	Related party transactions

Summary of transactions with other related parties

Loan to a partnership of which the directors are the partners.
 Interest charged at 3% - no formal repayment terms.
This was paid back in full by the end of the year.
 
Loan to a limited company of which the directors are also directors.
No interest charged. No formal repayment terms.

Loans to related parties

2025	Other related parties £	Total £
At start of period	220,000	220,000
Advanced	20,000	20,000
Repaid	(220,000)	(220,000)
At end of period	20,000	20,000

2024	Other related parties £	Total £
At start of period	290,000	290,000
Repaid	(70,000)	(70,000)
At end of period	220,000	220,000