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Company registration number: 06182924
Building Horizons Limited
Unaudited filleted financial statements
31 March 2025
Building Horizons Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Building Horizons Limited
Directors and other information
Director Gordon Anthony Critchlow
Company number 06182924
Registered office The Link
49 Efrra Road
London
SW2 1BZ
Bankers Lloyds TSB Bank PLc
2 George Row
Town Centre
Northampton
Northamptonshire
NN1 1DJ
Building Horizons Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Current assets
Debtors 5 84,581 91,719
Cash at bank and in hand 25,893 23,250
_______ _______
110,474 114,969
Creditors: amounts falling due
within one year 6 ( 39,011) ( 45,234)
_______ _______
Net current assets 71,463 69,735
_______ _______
Total assets less current liabilities 71,463 69,735
Creditors: amounts falling due
after more than one year 7 - 902
_______ _______
Net assets 71,463 70,637
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 70,463 69,637
_______ _______
Shareholder funds 71,463 70,637
_______ _______
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.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:
Gordon Anthony Critchlow
Director
Company registration number: 06182924
Building Horizons Limited
Statement of changes in equity
Year ended 31 March 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2023 1,000 58,016 59,016
Profit for the year 11,621 11,621
_______ _______ _______
Total comprehensive income for the year - 11,621 11,621
_______ _______ _______
At 31 March 2024 and 1 April 2024 1,000 69,637 70,637
Profit for the year 826 826
_______ _______ _______
Total comprehensive income for the year - 826 826
_______ _______ _______
At 31 March 2025 1,000 70,463 71,463
_______ _______ _______
Building Horizons 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 & Wales. The address of the registered office is The Link, 49 Efrra Road, London, SW2 1BZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 pay or recover 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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).
5. Debtors
2025 2024
£ £
Trade debtors 16,804 16,804
Other debtors 67,777 74,915
_______ _______
84,581 91,719
_______ _______
6. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 23,109 29,056
Amounts owed to group undertakings and undertakings in which the company has a participating interest 6,386 6,386
Corporation tax 4,566 4,372
Other creditors 4,950 5,420
_______ _______
39,011 45,234
_______ _______
7. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts - ( 902)
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Gordon Anthony Critchlow 23,915 - ( 3,436) 20,479
_______ _______ _______ _______
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Gordon Anthony Critchlow 11,415 12,500 - 23,915
_______ _______ _______ _______
The Company director personally guarantee repayment of any outstanding amount of debt if the company can not (or unable to) settle the debt.