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REGISTERED NUMBER: 02874319 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Hathaway & Cope
(Life & Pensions) Limited

Hathaway & Cope
(Life & Pensions) Limited (Registered number: 02874319)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hathaway & Cope
(Life & Pensions) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: C Watson





REGISTERED OFFICE: 10 Roseberry Court
Stokesley Business Park
Ellerbeck Way
Stokesley
North Yorkshire
TS9 5QT





REGISTERED NUMBER: 02874319 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Hathaway & Cope
(Life & Pensions) Limited (Registered number: 02874319)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74 158

CURRENT ASSETS
Debtors 5 794,168 777,685
Cash at bank 84,613 216,941
878,781 994,626
CREDITORS
Amounts falling due within one year 6 166,043 120,298
NET CURRENT ASSETS 712,738 874,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

712,812

874,486

CREDITORS
Amounts falling due after more than one
year

7

37,940

73,677
NET ASSETS 674,872 800,809

CAPITAL AND RESERVES
Called up share capital 9 500 500
Capital redemption reserve 10 500 500
Retained earnings 10 673,872 799,809
SHAREHOLDERS' FUNDS 674,872 800,809

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Hathaway & Cope
(Life & Pensions) Limited (Registered number: 02874319)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





C Watson - Director


Hathaway & Cope
(Life & Pensions) Limited (Registered number: 02874319)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Hathaway & Cope (Life & Pensions) 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 and comprises commissions on policies sold, recognised on an accruals basis.

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 cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Hathaway & Cope
(Life & Pensions) Limited (Registered number: 02874319)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 5,379
DEPRECIATION
At 1 January 2023 5,221
Charge for year 84
At 31 December 2023 5,305
NET BOOK VALUE
At 31 December 2023 74
At 31 December 2022 158

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 191,970 382,075
Directors' current accounts 502,484 317,735
S455 tax recoverable 64,971 43,617
Prepayments and accrued income 16,472 16,367
775,897 759,794

Amounts falling due after more than one year:
Other debtors 18,271 17,891

Aggregate amounts 794,168 777,685

Hathaway & Cope
(Life & Pensions) Limited (Registered number: 02874319)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,250 11,250
Taxation 65,506 68,658
Social security and other taxes 710 1,047
Other creditors 75,857 30,122
Pensions - 352
Accrued expenses 12,720 8,869
166,043 120,298

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-5 years 12,434 22,645
Other creditors 25,506 51,032
37,940 73,677

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,440 4,440
Between one and five years 13,320 17,760
17,760 22,200

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 'A' Ordinary £1 500 500

10. RESERVES

Capital redemption reserve
This reserve records the nominal value of shares repurchased by the company.

Hathaway & Cope
(Life & Pensions) Limited (Registered number: 02874319)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
C Watson
Balance outstanding at start of year 317,735 342,401
Amounts advanced 294,680 126,885
Amounts repaid (109,932 ) (151,551 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 502,483 317,735

The above loan is free of interest with no fixed repayment terms.