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REGISTERED NUMBER: 04499347 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

HOBDEN & SON LIMITED

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOBDEN & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: N K Hobden
S D Hobden
M C Stone





SECRETARY: W E Hobden





REGISTERED OFFICE: Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 04499347 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 747,427 381,237
Investments 6 100 -
Investment property 7 282,776 -
1,030,303 381,237

CURRENT ASSETS
Stocks 2,925 2,800
Debtors 8 133,730 334,461
Cash at bank and in hand 350,937 306,806
487,592 644,067
CREDITORS
Amounts falling due within one year 9 267,113 283,875
NET CURRENT ASSETS 220,479 360,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,250,782

741,429

CREDITORS
Amounts falling due after more than
one year

10

(351,829

)

(131,041

)

PROVISIONS FOR LIABILITIES 13 (19,252 ) (6,763 )
NET ASSETS 879,701 603,625

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

BALANCE SHEET - continued
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 14 200 100
Retained earnings 879,501 603,525
SHAREHOLDERS' FUNDS 879,701 603,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 17 November 2023 and were signed on its behalf by:





N K Hobden - Director


HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Hobden & Son 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was being amortised over 20 years. However, to conform with the latest guidance, this has been reduced to 5 years with the remaining balance at the 30 April 2012 being written off over the next 5 years and therefore has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - 5% on cost
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 150,000
AMORTISATION
At 1 May 2022
and 30 April 2023 150,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 May 2022 253,190 16,000 68,611
Additions 320,400 - -
At 30 April 2023 573,590 16,000 68,611
DEPRECIATION
At 1 May 2022 25,319 7,552 16,355
Charge for year 11,472 800 3,431
At 30 April 2023 36,791 8,352 19,786
NET BOOK VALUE
At 30 April 2023 536,799 7,648 48,825
At 30 April 2022 227,871 8,448 52,256

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2022 127,667 372,619 838,087
Additions 1,818 115,250 437,468
At 30 April 2023 129,485 487,869 1,275,555
DEPRECIATION
At 1 May 2022 109,646 297,978 456,850
Charge for year 5,314 50,261 71,278
At 30 April 2023 114,960 348,239 528,128
NET BOOK VALUE
At 30 April 2023 14,525 139,630 747,427
At 30 April 2022 18,021 74,641 381,237

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 30 April 2023 100
NET BOOK VALUE
At 30 April 2023 100

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 282,776
At 30 April 2023 282,776
NET BOOK VALUE
At 30 April 2023 282,776

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 125,400 58,862
Other debtors 8,330 275,599
133,730 334,461

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 28,944 28,078
Trade creditors 9,082 43,167
Taxation and social security 58,812 57,364
Other creditors 170,275 155,266
267,113 283,875

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 101,829 131,041
Other creditors 250,000 -
351,829 131,041

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,647

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.23 30.4.22
£    £   
Within one year 3,711 3,711
Between one and five years 10,824 14,534
14,535 18,245

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

12. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans - 117,824

13. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax
Accelerated capital allowances 19,252 6,763

Deferred
tax
£   
Balance at 1 May 2022 6,763
Provided during year 12,489
Reversal of timing differences
Balance at 30 April 2023 19,252

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
70 Ordinary A £1 70 35
60 Ordinary B £1 60 30
70 Ordinary C £1 70 35
200 100

15. RELATED PARTY DISCLOSURES

At the balance sheet date, £12,852 was owed to Clevedon Storage Limited (2022 £225,954 was owed from Clevedon Storage Limited), a wholly owned company.

The directors maintain interest free loan accounts with the company. At the balance sheet date, the company owed its directors £367,370 (2022: £59,134).

16. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.