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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
Page
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Hurst House (IOW) Limited Company Information for the year ended 28 February 2023
Director
Robert Gillott
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
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Hurst House (IOW) Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
207,308 
232,505 
Current assets
Inventories
2,000 
2,000 
Debtors
- 
8,347 
Cash at bank and in hand
26,412 
22,162 
28,412 
32,509 
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)
Net assets
17,255 
18,702 
Capital and reserves
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
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Hurst House (IOW) Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
4,526 
- 
- 
4,526 
At 28 February 2023
247,840 
131,302 
898 
380,040 
Depreciation
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 
Net book value
At 28 February 2023
159,137 
47,842 
329 
207,308 
At 28 February 2022
172,293 
59,803 
409 
232,505 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
8,347 
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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 
210,495 
236,314 
7
Average number of employees
During the year the average number of employees was 4 (2022: 1).
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