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REGISTERED NUMBER: 09275259 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Hotcakes Rock Limited

Hotcakes Rock Limited (Registered number: 09275259)






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


Hotcakes Rock Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: L J Penson
Mrs L I Penson





REGISTERED OFFICE: Bennett House
The Dean
Alresford
Hampshire
SO24 9BH





REGISTERED NUMBER: 09275259 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Hotcakes Rock Limited (Registered number: 09275259)

Balance Sheet
28 February 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,588 7,451
Tangible assets 5 - -
5,588 7,451

CURRENT ASSETS
Debtors 6 1,087 3,924
Cash at bank and in hand 377 1,446
1,464 5,370
CREDITORS
Amounts falling due within one year 7 630 527
NET CURRENT ASSETS 834 4,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,422

12,294

PROVISIONS FOR LIABILITIES 8 751 916
NET ASSETS 5,671 11,378

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,571 11,278
SHAREHOLDERS' FUNDS 5,671 11,378

Hotcakes Rock Limited (Registered number: 09275259)

Balance Sheet - continued
28 February 2023


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.

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 16 November 2023 and were signed on its behalf by:





L J Penson - Director


Hotcakes Rock Limited (Registered number: 09275259)

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

1. STATUTORY INFORMATION

Hotcakes Rock 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.

The financial statements for the period under review have been prepared on a going concern basis. The directors have considered a period of twelve months from the period of approval of these financial statements. On the basis of the above, the directors believe that it is prudent to prepare the accounts on a going concern basis.

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

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.

Furniture design intangibles are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furniture prototypes - Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

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

Hotcakes Rock Limited (Registered number: 09275259)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2022
and 28 February 2023 18,628
AMORTISATION
At 1 March 2022 11,177
Charge for year 1,863
At 28 February 2023 13,040
NET BOOK VALUE
At 28 February 2023 5,588
At 28 February 2022 7,451

Furniture design intangibles were acquired during the development of new office furniture products, in the form of European Commission registrations and other trademarks. These are being amortised over their estimated useful life of 10 years.

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 18,560
DEPRECIATION
At 1 March 2022
and 28 February 2023 18,560
NET BOOK VALUE
At 28 February 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other debtors 1,087 3,924

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other creditors 630 527

Hotcakes Rock Limited (Registered number: 09275259)

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

8. PROVISIONS FOR LIABILITIES
2023 2022
as restated
£    £   
Deferred tax
Accelerated capital allowances 751 916

Deferred
tax
£   
Balance at 1 March 2022 916
Accelerated capital allowances (165 )
Balance at 28 February 2023 751

9. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of Mr L J Penson, by virtue of his position as director and 100% shareholder.