Herring Investment Co. Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11983839

Herring Investment Co. Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Herring Investment Co. Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	304,349	304,349
Investments	6	7,205,656	7,151,100
		-------------	-------------
		7,510,005	7,455,449

Current assets

Debtors	7	947,887	572,728
Cash at bank and in hand		7,055	2,844
		----------	----------
		954,942	575,572

Creditors: amounts falling due within one year	8	2,991,649		2,582,005
		-------------		-------------
Net current liabilities			2,036,707		2,006,433
			-------------		-------------
Total assets less current liabilities			5,473,298		5,449,016

Provisions	133,050	121,499
	-------------	-------------
Net assets	5,340,248	5,327,517
	-------------	-------------

Capital and reserves

Called up share capital	101	101
Share premium account	5,137,639	5,137,639
Profit and loss account	202,508	189,777
	-------------	-------------
Shareholder funds	5,340,248	5,327,517
	-------------	-------------

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 income and retained earnings has not been delivered.

For the 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 member has 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 .

Herring Investment Co. Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr S D Herring

Director

Company registration number: 11983839

Herring Investment Co. Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Carlisle Chambers, 8-14 Carlisle Street, Goole, East Yorkshire, DN14 5DX.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) 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.

(b) Going concern

The UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Dividend income is recognised when the company's right to receive payment is established.

Income from rents receivable is recognised in accordance with the agreed terms of the relevant lease agreements

.

(d) Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 be paid or recovered 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 .

(e) Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

(f) Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

(g) Impairment of fixed assets

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 .

(h) 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 as a finance cost in profit or loss in the period it arises.

(i) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024 and 31 March 2025	304,349
	----------
Depreciation
At 1 April 2024 and 31 March 2025	–
	----------
Carrying amount
At 31 March 2025	304,349
	----------
At 31 March 2024	304,349
	----------

Investment properties were valued in March 2025 by the directors who have experience in the location and category of the investment property being valued.

6. Investments

	Shares in group undertakings	Listed investments	Total
	£	£	£
Cost
At 1 April 2024	5,163,330	1,987,770	7,151,100
Additions	–	8,352	8,352
Revaluations	–	46,204	46,204
	-------------	-------------	-------------
At 31 March 2025	5,163,330	2,042,326	7,205,656
	-------------	-------------	-------------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–
	-------------	-------------	-------------

Carrying amount
At 31 March 2025	5,163,330	2,042,326	7,205,656
	-------------	-------------	-------------
At 31 March 2024	5,163,330	1,987,770	7,151,100
	-------------	-------------	-------------

7. Debtors

	2025	2024
	£	£
Other debtors	947,887	572,728
	----------	----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings	946,224	808,224
Accruals	15,858	4,313
Corporation tax	4,099	–
Director loan accounts	1,597,506	1,687,506
Shareholder loan	77,962	81,962
Other creditors	350,000	–
	-------------	-------------
	2,991,649	2,582,005
	-------------	-------------

9. Related party transactions

During the period a director made a loan to the company. No interest was charged on the loan during the period and the loan is repayable on demand . As at 31 March 2025 the balance owed to the director totalled £ 1,597,506 (2024 - £ 1,687,506 ).