Harry Ferguson Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01573192 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

HARRY FERGUSON HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J R Sheldon

Mrs S J Sheldon

C J R Sheldon

SECRETARY:

Mrs S J Sheldon

REGISTERED OFFICE:

Kings Manor Farm

Copse Lane

Freshwater

Isle of Wight

PO409TL

REGISTERED NUMBER:

01573192 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

2,499,907

2,574,900

2,499,907

2,574,900

CURRENT ASSETS

Debtors

6

2,565,756

2,384,905

Cash at bank

68,704

47,586

2,634,460

2,432,491

CREDITORS

Amounts falling due within one year

7

28,304

481,399

NET CURRENT ASSETS

2,606,156

1,951,092

TOTAL ASSETS LESS CURRENT LIABILITIES

5,106,063

4,525,992

CAPITAL AND RESERVES

Called up share capital

2,390

2,390

Fair value reserve

694,906

685,579

Retained earnings

4,408,767

3,838,023

SHAREHOLDERS' FUNDS

5,106,063

4,525,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th September 2023 and were signed on its behalf by:

T J R Sheldon - Director

1.	STATUTORY INFORMATION

Harry Ferguson Holdings 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.

Turnover represents income from fixed asset investments, excluding Vat.

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

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Investments

Listed investments are included at fair value. Gains are recognised in the Income Statement. Deferred taxation is provided on these gains at the rate expected to apply when the investments are sold.

Other investments are valued at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2022

and 31st December 2022

11,219

DEPRECIATION

At 1st January 2022

and 31st December 2022

11,219

NET BOOK VALUE

At 31st December 2022

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1st January 2022

6,901

2,580,001

2,586,902

Additions

-

120,000

120,000

Disposals

-

(212,363

)

(212,363

)

Revaluations

-

17,370

17,370

At 31st December 2022

6,901

2,505,008

2,511,909

PROVISIONS

At 1st January 2022

and 31st December 2022

-

12,002

12,002

NET BOOK VALUE

At 31st December 2022

6,901

2,493,006

2,499,907

At 31st December 2021

6,901

2,567,999

2,574,900

The book cost of listed and unlisted investments before revaluation to fair value at the year ended 31 December 2022 was £1,790,792 (2021: £1,882,421).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

2,565,756

2,384,905

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed to group undertakings

-

473,664

Other creditors

28,304

7,735

28,304

481,399

8.	SECURED DEBTS

The bank overdraft of the subsidiary company Harry Ferguson Farms Limited has a Limited Guarantee which is provided by T J R Sheldon for £60,000. The overdraft of the subsidiary company Harwoods of Yarmouth Limited is also guaranteed by T J R Sheldon, the director.

There is a fixed and floating charge over all the company assets held by Barclays Bank plc.