H.J.Holt Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00165408 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2021

for

H.J.HOLT,LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D L Holt

Mrs A Holt

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

00165408 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Tangible assets

4

23,854

4,358

Investment property

5

5,200,000

5,200,000

5,223,854

5,204,358

CURRENT ASSETS

Debtors

6

983,371

646,841

Cash at bank

203,984

165,328

1,187,355

812,169

CREDITORS

Amounts falling due within one year

7

282,632

62,020

NET CURRENT ASSETS

904,723

750,149

TOTAL ASSETS LESS CURRENT LIABILITIES

6,128,577

5,954,507

CREDITORS

Amounts falling due after more than one year

8

(1,726,824

)

(1,910,165

)

PROVISIONS FOR LIABILITIES

(501,504

)

(499,000

)

NET ASSETS

3,900,249

3,545,342

CAPITAL AND RESERVES

Called up share capital

60,000

60,000

Fair value reserve

9

2,614,353

2,627,910

Retained earnings

1,225,896

857,432

SHAREHOLDERS' FUNDS

3,900,249

3,545,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2021 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 30th March 2022 and were signed on its behalf by:

J D L Holt - Director

1.	STATUTORY INFORMATION

H.J.Holt,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.

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.

Plant and machinery etc

-

20% on cost

Investment property

The company's properties which are held for long term investment to earn rentals and/or capital appreciation are included in the balance sheet at their fair values in accordance with Financial Reporting Standard 102. Depreciation is not provided in respect of freehold investment properties. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement and subsequently transferred to a fair value reserve. Deferred tax is provided on gains at the rate expected to apply when the property is sold.

Where fair value cannot be determined without undue cost or effort investment property is accounted for as tangible fixed assets.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2020

13,120

Additions

27,689

At 30th June 2021

40,809

DEPRECIATION

At 1st July 2020

8,762

Charge for year

8,193

At 30th June 2021

16,955

NET BOOK VALUE

At 30th June 2021

23,854

At 30th June 2020

4,358

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2020

5,200,000

Additions

115,665

Disposals

(575,000

)

Revaluations

459,335

At 30th June 2021

5,200,000

NET BOOK VALUE

At 30th June 2021

5,200,000

At 30th June 2020

5,200,000

Fair value at 30th June 2021 is represented by:

£

Valuation in 2021

3,110,410

Cost

2,089,590

5,200,000

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

2021

2020

£

£

Cost

2,089,590

2,076,198

The investment properties were valued on an open market basis on 30th June 2021 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

9,195

180

Amounts owed by group undertakings

967,918

641,740

Other debtors

6,258

4,921

983,371

646,841

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

35,850

32,065

Trade creditors

-

8,211

Taxation and social security

75,574

5,146

Other creditors

171,208

16,598

282,632

62,020

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

1,726,824

1,910,165

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

248,625

248,625

Repayable by instalments

Bank loans more 5 yr by instal

495,973

545,983

9.

RESERVES

Fair

value

reserve

£

At 1st July 2020

2,627,910

Fair value movement

(13,392

)

Deferred tax on revaluation

(165

)

At 30th June 2021

2,614,353

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2021 and 30th June 2020:

2021

2020

£

£

J D L Holt and Mrs A Holt

Balance outstanding at start of year

15,666

17,882

Amounts advanced

155,000

122,216

Amounts repaid

(10,812

)

(124,432

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

159,854

15,666

11.	RELATED PARTY DISCLOSURES

At 30th June 2020 and 2021 the company was owed £641,740 by its parent company The Archers Estates Company Limited. This amount is repayable on demand and is deemed interest free.

The Archers Estates Construction Limited, a wholly owned subsidiary of The Archers Estates Company Limited owed H.J. Holt, Limited £8,630 at the year end. During the year H.J. Holt, Limited loaned The Archers Estates Construction Limited £10,000, and received £1,370 of tax losses surrendered from it. This amount is repayable on demand and is deemed interest free.

The Archers Estates Developments Limited, a wholly owned subsidiary of The Archers Estates Company Limited owed H.J Holt, Limited £317,548 at the year end. During the year H.J. Holt, Limited loaned The Archers Estates Developments Limited £317,548. This amount is repayable on demand and deemed interest free.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Holt by virtue of his majority shareholding in The Archers Estates Company Limited, the parent company.