Company Registration No. 07938435 (England and Wales)
Hurst House (IOW) Limited
Unaudited accounts
for the year ended 28 February 2023
Hurst House (IOW) Limited
Unaudited accounts
Contents
Hurst House (IOW) Limited
Company Information
for the year ended 28 February 2023
Company Number
07938435 (England and Wales)
Registered Office
YHA Totland
Hurst Hill
Totland
Isle of Wight
PO39 0HD
England
Accountants
J C Tax & Accounts Services
Holmleigh
Colwell Road
Isle Of Wight
Isle of Wight
PO390AH
Hurst House (IOW) Limited
Statement of financial position
as at 28 February 2023
Tangible assets
207,308
232,505
Cash at bank and in hand
26,412
22,162
Creditors: amounts falling due within one year
(210,495)
(236,314)
Net current liabilities
(182,083)
(203,805)
Total assets less current liabilities
25,225
28,700
Provisions for liabilities
Deferred tax
(7,970)
(9,998)
Called up share capital
100
100
Profit and loss account
17,155
18,602
Shareholders' funds
17,255
18,702
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2023 and were signed on its behalf by
Robert Gillott
Director
Company Registration No. 07938435
Hurst House (IOW) Limited
Notes to the Accounts
for the year ended 28 February 2023
Hurst House (IOW) Limited is a private company, limited by shares, registered in England and Wales, registration number 07938435. The registered office is YHA Totland, Hurst Hill, Totland, Isle of Wight, PO39 0HD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on Cost
Plant & machinery
20% on reducing balance
Computer equipment
20% on reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
243,314
131,302
898
375,514
At 28 February 2023
247,840
131,302
898
380,040
At 1 March 2022
71,021
71,499
489
143,009
Charge for the year
17,682
11,961
80
29,723
At 28 February 2023
88,703
83,460
569
172,732
At 28 February 2023
159,137
47,842
329
207,308
At 28 February 2022
172,293
59,803
409
232,505
Amounts falling due within one year
Hurst House (IOW) Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
21,721
44,053
Trade creditors
13,133
25,781
Taxes and social security
10,135
7,486
Loans from directors
165,506
158,994
7
Average number of employees
During the year the average number of employees was 4 (2022: 1).