IRIS Accounts Production v23.1.5.20 05005899 director 1.2.22 31.1.23 31.1.23 0 0 true false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure050058992022-01-31050058992023-01-31050058992022-02-012023-01-31050058992021-01-31050058992021-02-012022-01-31050058992022-01-3105005899ns16:EnglandWales2022-02-012023-01-3105005899ns15:PoundSterling2022-02-012023-01-3105005899ns11:Director12022-02-012023-01-3105005899ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3105005899ns11:SmallEntities2022-02-012023-01-3105005899ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3105005899ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3105005899ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3105005899ns11:FullAccounts2022-02-012023-01-3105005899ns11:OrdinaryShareClass12022-02-012023-01-3105005899ns11:CompanySecretary12022-02-012023-01-3105005899ns11:RegisteredOffice2022-02-012023-01-3105005899ns6:CurrentFinancialInstruments2023-01-3105005899ns6:CurrentFinancialInstruments2022-01-3105005899ns6:Non-currentFinancialInstruments2023-01-3105005899ns6:Non-currentFinancialInstruments2022-01-3105005899ns6:ShareCapital2023-01-3105005899ns6:ShareCapital2022-01-3105005899ns6:RetainedEarningsAccumulatedLosses2023-01-3105005899ns6:RetainedEarningsAccumulatedLosses2022-01-3105005899ns6:FurnitureFittings2022-02-012023-01-3105005899ns6:PlantMachinery2022-01-3105005899ns6:PlantMachinery2022-02-012023-01-3105005899ns6:PlantMachinery2023-01-3105005899ns6:PlantMachinery2022-01-3105005899ns6:CostValuation2022-01-3105005899ns6:AdditionsToInvestments2023-01-3105005899ns6:CostValuation2023-01-3105005899ns6:Subsidiary12022-02-012023-01-31050058991ns6:Subsidiary12022-02-012023-01-3105005899ns6:Subsidiary12023-01-3105005899ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3105005899ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3105005899ns11:OrdinaryShareClass12023-01-3105005899ns11:Director112022-01-3105005899ns11:Director112021-01-3105005899ns11:Director112022-02-012023-01-3105005899ns11:Director112021-02-012022-01-3105005899ns11:Director112023-01-3105005899ns11:Director112022-01-31
REGISTERED NUMBER: 05005899 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

HUDSON REALTY LIMITED

HUDSON REALTY LIMITED (REGISTERED NUMBER: 05005899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HUDSON REALTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: J H Robinson





SECRETARY: D H Robinson





REGISTERED OFFICE: 2 Park Hill Road
Harborne
Birmingham
B17 9SL





REGISTERED NUMBER: 05005899 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

HUDSON REALTY LIMITED (REGISTERED NUMBER: 05005899)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,882 7,375
Investments 5 355,026 1
Investment property 6 679,703 679,703
1,040,611 687,079

CURRENT ASSETS
Debtors 7 1,505,365 520,221
Cash at bank 78,331 26,882
1,583,696 547,103
CREDITORS
Amounts falling due within one year 8 445,804 88,118
NET CURRENT ASSETS 1,137,892 458,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,178,503

1,146,064

CREDITORS
Amounts falling due after more than one
year

9

(211,602

)

(234,634

)

PROVISIONS FOR LIABILITIES (54,347 ) (54,347 )
NET ASSETS 1,912,554 857,083

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 1,912,553 857,082
SHAREHOLDERS' FUNDS 1,912,554 857,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

HUDSON REALTY LIMITED (REGISTERED NUMBER: 05005899)

BALANCE SHEET - continued
31 JANUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2023 and were signed by:





J H Robinson - Director


HUDSON REALTY LIMITED (REGISTERED NUMBER: 05005899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Hudson Realty 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

HUDSON REALTY LIMITED (REGISTERED NUMBER: 05005899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 14,775
DEPRECIATION
At 1 February 2022 7,400
Charge for year 1,493
At 31 January 2023 8,893
NET BOOK VALUE
At 31 January 2023 5,882
At 31 January 2022 7,375

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2022 1
Additions 355,025
At 31 January 2023 355,026
NET BOOK VALUE
At 31 January 2023 355,026
At 31 January 2022 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

JAH Real Estates Ltd
Registered office: Barberry House, Bromsgrove Road, Belbroughton, Stourbridge, DY9 9XX
Nature of business: Buying and selling of real estate
%
Class of shares: holding
Ordinary 33.00
30/6/22
£   
Aggregate capital and reserves 409,245
Profit for the year 54,506

The remaining investments represent shareholdings in associated entities which are not material holdings to this company.

HUDSON REALTY LIMITED (REGISTERED NUMBER: 05005899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 679,703
NET BOOK VALUE
At 31 January 2023 679,703
At 31 January 2022 679,703

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2023 679,703

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 383,116 383,116

Investment properties were valued on an open market basis on 16 December 2016 by JD Storey and Co, and again by the director, at fair value, on 31 January 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 798,393 -
Other debtors 706,972 520,221
1,505,365 520,221

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 12,385
Trade creditors 1,249 4,069
Taxation and social security 244,787 68,604
Other creditors 189,768 3,060
445,804 88,118

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 211,602 234,634

HUDSON REALTY LIMITED (REGISTERED NUMBER: 05005899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 179,102 197,019

The loans are secured on the investment properties to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

12. RESERVES

Included within retained earnings is £242,241 of un-distributable reserves. The £242,241 of un-distributable reserves relates to the increase in fair value of the investment properties, less any deferred tax, which under FRS102 is recognised through the profit and loss account.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
J H Robinson
Balance outstanding at start of year 97,960 62,825
Amounts advanced 192,567 122,283
Amounts repaid (290,527 ) (87,148 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 97,960

14. RELATED PARTY DISCLOSURES

During the year the company maintained an interest free loan to a company related by way of one of it's directors also being the director of this company. The balance outstanding on the loan at 31 January 2023 was £50,000 (2022: £50,000).

Included within debtors due in under one year, are unsecured interest free loans to subsidiary companies. The balance outstanding on these loans at 31 January 2023 were £625,135 (2022: £336,785).

During the year the director provided an interest free loan to the company. At the 31 January 2023 the balance outstanding was £187,258. Part of that balance was made up of the disposal to this company of a shareholding in another company/ venture in August 2022. The value of that shareholding was assessed by the director (and the directors of the holding in question) to be £355,022 on market valuation principles.