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Registered number: 11640110
Horne Contractors Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
JENNIFER M RICHARDSON LIMITED
32 Station Road
Rainham
Gillingham
Kent
ME8 7PH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11640110
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 295 380
Investment Properties 4 1,060,000 1,060,000
1,060,295 1,060,380
CURRENT ASSETS
Debtors 5 165,345 296,165
Cash at bank and in hand 21,500 14,554
186,845 310,719
Creditors: Amounts Falling Due Within One Year 6 (232,675 ) (272,809 )
NET CURRENT ASSETS (LIABILITIES) (45,830 ) 37,910
TOTAL ASSETS LESS CURRENT LIABILITIES 1,014,465 1,098,290
Creditors: Amounts Falling Due After More Than One Year 7 (751,762 ) (834,529 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (60,539 ) (60,539 )
NET ASSETS 202,164 203,222
CAPITAL AND RESERVES
Called up share capital 9 3 3
Revaluation reserve 10 203,924 203,924
Profit and Loss Account (1,763 ) (705 )
SHAREHOLDERS' FUNDS 202,164 203,222
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Angela Horne
Director
20/10/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Horne Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11640110 . The registered office is 77 Lamplighters Close, Hempstead, Gillingham, Kent, ME7 3DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold nil
Plant & Machinery 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property
2025
£
Fair Value
As at 1 November 2024 and 31 October 2025 1,060,000
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 150,083 150,083
Other debtors (2) 10,024 138,228
Director's loan account 5,238 7,854
165,345 296,165
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 8,344 10,192
Other creditors 2,021 2,020
Accruals and deferred income 1,560 1,560
Amounts owed to associates - 38,287
Amounts owed to family 220,750 220,750
232,675 272,809
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 648,763 656,609
Other loans 102,999 177,920
751,762 834,529
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts - 648,763
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
10. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 November 2024 203,924 (705 )
Loss for the year and total comprehensive income - (1,058 )
As at 31 October 2025 203,924 (1,763 )
Page 4