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REGISTERED NUMBER: 06494735 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Hackett Trading Limited

Hackett Trading Limited (Registered number: 06494735)






Contents of the Financial Statements
for the Year Ended 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hackett Trading Limited

Company Information
for the Year Ended 28 FEBRUARY 2023







DIRECTORS: T S Cove
O C Cove
Ms L R Cove
Ms M M Cove





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 06494735 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

Hackett Trading Limited (Registered number: 06494735)

Balance Sheet
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 498,642 505,506
Investments 5 398,564 398,564
897,206 904,070

CURRENT ASSETS
Stocks 6 30,175 30,475
Debtors 7 4,378,849 3,383,906
Cash at bank and in hand 14,887 687
4,423,911 3,415,068
CREDITORS
Amounts falling due within one year 8 2,345,387 1,794,484
NET CURRENT ASSETS 2,078,524 1,620,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,975,730

2,524,654

CREDITORS
Amounts falling due after more than one year 9 (22,500 ) (32,500 )

PROVISIONS FOR LIABILITIES (1,965 ) (3,117 )
NET ASSETS 2,951,265 2,489,037

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,951,165 2,488,937
SHAREHOLDERS' FUNDS 2,951,265 2,489,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Hackett Trading Limited (Registered number: 06494735)

Balance Sheet - continued
28 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





O C Cove - Director


Hackett Trading Limited (Registered number: 06494735)

Notes to the Financial Statements
for the Year Ended 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Hackett Trading 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.

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 - Revalued yearly on an open market basis
Long leasehold - not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold property comprises investment properties and in accordance with Standard Statement of Accounting Practice No 19 no depreciation is provided.The properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. The directors consider that this policy results in the accounts giving a true and fair view.

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

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.

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.

Hackett Trading Limited (Registered number: 06494735)

Notes to the Financial Statements - continued
for the Year Ended 28 FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and Motor
property leasehold fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 362,554 113,148 39,226 59,447 574,375
DEPRECIATION
At 1 March 2022 - - 33,357 35,512 68,869
Charge for year - - 880 5,984 6,864
At 28 February 2023 - - 34,237 41,496 75,733
NET BOOK VALUE
At 28 February 2023 362,554 113,148 4,989 17,951 498,642
At 28 February 2022 362,554 113,148 5,869 23,935 505,506

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022
and 28 February 2023 398,564
NET BOOK VALUE
At 28 February 2023 398,564
At 28 February 2022 398,564

6. STOCKS
28.2.23 28.2.22
£    £   
Stocks 30,175 30,475

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 138,743 137,200
Other debtors 2,358,129 1,349,129
Sundry loan 1,670,001 1,670,001
Amount due from subsidiary companies 208,976 224,576
Prepayments 3,000 3,000
4,378,849 3,383,906

Hackett Trading Limited (Registered number: 06494735)

Notes to the Financial Statements - continued
for the Year Ended 28 FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,008 19,261
Trade creditors 916,865 788,784
Tax 147,414 109,446
Social security and other taxes 1,615 1,723
VAT 72,638 24,429
Other creditors 745,000 615,000
Amount due to subsidiary company 443,000 198,000
Directors' current accounts 211 31,204
Accrued expenses 8,636 6,637
2,345,387 1,794,484

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,500 22,500
22,500 32,500

10. RELATED PARTY DISCLOSURES

The amount due to subsidiary company is represented by £443,000 due to Bayliss Trading Limited.

The amount due from subsidiary company is represented by £208,976 due from Calvin Trading Limited.

Other debtors includes an amount of £358,409 due from Lanvin Trading Limited, a company controlled by close family members.

Other debtors includes an amount of £1,899,720 due from Kooples Properties Limited, a company controlled by close family members.

Other debtors includes an amount of £100,000 due from Overnite Bearings Limited, a company controlled by a close family member.

Other creditors includes an amount of £710,000 due to Royce Power Transmissions Limited, a company controlled by close family members.

The sundry loan of £1,670,001 is due from Open Property Finance Limited, a company controlled by close family members.

Management fees receivable of £26,000 were received from Bayliss Trading Limited, a subsidiary company of Hackett Trading Limited.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the shareholders.