J.W. Hughes Holdings Limited - Accounts to registrar (filleted) - small 23.2.5
J.W. Hughes Holdings Limited - Accounts to registrar (filleted) - small 23.2.5
REGISTERED NUMBER: |
| J.W. Hughes Holdings Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2023 |
J.W. Hughes Holdings Limited (Registered number: 04631906) |
Contents of the Financial Statements |
for the year ended 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
J.W. Hughes Holdings Limited |
Company Information |
for the year ended 31 July 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
J.W. Hughes Holdings Limited (Registered number: 04631906) |
Balance Sheet |
31 July 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 8 | 100 | 100 |
Fair value reserve | 9 | 289,200 | 259,200 |
Retained earnings | 9 | 1,376,317 | 1,698,204 |
1,665,617 | 1,957,504 |
| 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. |
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 |
J.W. Hughes Holdings Limited (Registered number: 04631906) |
Notes to the Financial Statements |
for the year ended 31 July 2023 |
1. | Statutory information |
J.W. Hughes Holdings Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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 rent and management charges receivable during the year. |
Investment property |
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.. |
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. |
3. | Employees and directors |
The average number of employees during the year was |
J.W. Hughes Holdings Limited (Registered number: 04631906) |
Notes to the Financial Statements - continued |
for the year ended 31 July 2023 |
4. | Fixed asset investments |
Other |
investments |
£ |
Cost |
At 1 August 2022 |
Additions |
At 31 July 2023 |
Net book value |
At 31 July 2023 |
At 31 July 2022 |
5. | Investment property |
Total |
£ |
Fair value |
At 1 August 2022 |
Revaluations | 30,000 |
At 31 July 2023 |
Net book value |
At 31 July 2023 |
At 31 July 2022 |
Fair value at 31 July 2023 is represented by: |
£ |
Valuation in 2023 | 30,000 |
Valuation in 2022 | 320,000 |
350,000 |
Investment property was valued on a fair value basis on 31 July 2023 by the directors . |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
J.W. Hughes Holdings Limited (Registered number: 04631906) |
Notes to the Financial Statements - continued |
for the year ended 31 July 2023 |
8. | Called up share capital |
Allotted | Class: | Nominal | 2023 | 2022 |
Number: | value: | £ | £ |
52 | Ordinary A | 1 | 52 | 52 |
12 | Ordinary B | 1 | 12 | 12 |
12 | Ordinary C | 1 | 12 | 12 |
12 | Ordinary D | 1 | 12 | 12 |
12 | Ordinary E | 1 | 12 | 12 |
100 | 100 |
9. | Reserves |
Retained | Fair value |
earnings | reserve | Totals |
£ | £ | £ |
At 1 August 2022 |
Deficit for the year | ( | ) | - | ( | ) |
Dividends | ( | ) | - | ( | ) |
Property revaluation | - | 30,000 | 30,000 |
At 31 July 2023 | 1,665,517 |
10. | Related party disclosures |
Included within other creditors is £6,445 (2022: £384,924) due to the directors from the company. |
Included within other debtors is £780,564 (2022 £1,476,384) owed from connected companies and £579,155 (2022: £555,277l) owed from associated companies. Included within other creditors is £107,189 (2022: £94,533) owed to connected companies and £608,351 (2022: Nil) owed to associated companies. |