Horizon (Braintree) Three Limited - Accounts to registrar (filleted) - small 23.2.5
Horizon (Braintree) Three Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 September 2022 to 31 March 2023 |
| for |
| Horizon (Braintree) Three Limited |
| Horizon (Braintree) Three Limited (Registered number: 11629446) |
| Contents of the Financial Statements |
| for the Period 1 September 2022 to 31 March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 5 |
| Horizon (Braintree) Three Limited |
| Company Information |
| for the Period 1 September 2022 to 31 March 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 9 Great Chesterford Court |
| London Road |
| Great Chesterford |
| Essex |
| CB10 1PF |
| Horizon (Braintree) Three Limited (Registered number: 11629446) |
| Balance Sheet |
| 31 March 2023 |
| 31.3.23 | 31.8.22 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| 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 director and authorised for issue on |
| Horizon (Braintree) Three Limited (Registered number: 11629446) |
| Notes to the Financial Statements |
| for the Period 1 September 2022 to 31 March 2023 |
| 1. | STATUTORY INFORMATION |
| Horizon (Braintree) Three Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable excluding value added tax. |
| In respect of transactions where the company acts as agent in arranging the sale of land between two third parties, only the commission element of the sale is recognised as turnover and is only recognised when the company has completed all of its obligations under the contract. |
| Revenue from development management services is recognised over the period of the development according to the progress of the project. |
| Revenue from the rendering of all other services is only recognised when the outcome of a transaction can be estimated reliably and is then recognised according to the stage of completion of the transaction at the end of the reporting period. |
| Financial instruments |
| Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. |
| Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less. |
| Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument, unless exempt from such treatment. |
| Taxation |
| Taxation for the period 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. |
| Horizon (Braintree) Three Limited (Registered number: 11629446) |
| Notes to the Financial Statements - continued |
| for the Period 1 September 2022 to 31 March 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2022 - NIL). |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.23 | 31.8.22 |
| £ | £ |
| Amounts recoverable on contract |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.23 | 31.8.22 |
| £ | £ |
| Payments on account |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.23 | 31.8.22 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 7. | RELATED PARTY DISCLOSURES |
| During the year the company had interest free loans from related parties. At the year end the total owed by the company to other companies under the same control was £85,267 (2022: £85,267). |
| During the year the company made loans to the controlling party of £2,600,000 (2022: £1,968,400). The total loans owed to the company by the controlling party at the year end was £4,568,400 (2022: £1,968,400). Interest is payable on the loan at 0.5% per annum and the amount of interest receivable by the company for the period was £6,485 (2022:£9,007). |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is C W P Maybury. |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Horizon (Braintree) Three Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Horizon (Braintree) Three Limited for the period ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Horizon (Braintree) Three Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Horizon (Braintree) Three Limited and state those matters that we have agreed to state to the director of Horizon (Braintree) Three Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Horizon (Braintree) Three Limited and its director for our work or for this report. |
| It is your duty to ensure that Horizon (Braintree) Three Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Horizon (Braintree) Three Limited. You consider that Horizon (Braintree) Three Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Horizon (Braintree) Three Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 9 Great Chesterford Court |
| London Road |
| Great Chesterford |
| Essex |
| CB10 1PF |