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REGISTERED NUMBER: 13816344 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

HURST INVESTMENTS LIMITED

HURST INVESTMENTS LIMITED (REGISTERED NUMBER: 13816344)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HURST INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: H M Hurst





REGISTERED OFFICE: Northumberland Taxi & Coach Centre
South Albion Retail Park
Albion Way
Blyth
Northumberland
NE24 5BW





REGISTERED NUMBER: 13816344 (England and Wales)





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

HURST INVESTMENTS LIMITED (REGISTERED NUMBER: 13816344)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,447 -
Investments 5 85,850 -
106,297 -

CURRENT ASSETS
Stocks 52,380 -
Debtors 6 182,542 18,542
Cash at bank 19,411 55,016
254,333 73,558
CREDITORS
Amounts falling due within one year 7 304,088 18,892
NET CURRENT (LIABILITIES)/ASSETS (49,755 ) 54,666
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,542

54,666

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 56,442 54,566
SHAREHOLDERS' FUNDS 56,542 54,666

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

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

HURST INVESTMENTS LIMITED (REGISTERED NUMBER: 13816344)

BALANCE SHEET - continued
31 OCTOBER 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 29 February 2024 and were signed by:





H M Hurst - Director


HURST INVESTMENTS LIMITED (REGISTERED NUMBER: 13816344)

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

1. STATUTORY INFORMATION

Hurst Investments 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.
Motor vehicles - 25% on reducing balance

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 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.

Fixed asset investments
Fixed Asset Investments in subsidiaries and associates are recognised at cost less impairment.

3. EMPLOYEES AND DIRECTORS

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

HURST INVESTMENTS LIMITED (REGISTERED NUMBER: 13816344)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 21,339
At 31 October 2023 21,339
DEPRECIATION
Charge for year 892
At 31 October 2023 892
NET BOOK VALUE
At 31 October 2023 20,447

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
Additions 85,850
At 31 October 2023 85,850
NET BOOK VALUE
At 31 October 2023 85,850

Cost or valuation at 31 October 2023 is represented by:

Unlisted
investments
£   
Valuation in 2023 85,850

If the fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 85,850 -

Fixed asset investments were valued on an open market basis basis on 31 October 2023 by the directors. .

The above investment relates to a 40% shareholding in What a Hoot Day Nursery Ltd a company registered in England and Wales. The investment is carried at cost and annually reviewed for impairment.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 182,542 18,542

HURST INVESTMENTS LIMITED (REGISTERED NUMBER: 13816344)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 588 13,792
Other creditors 303,500 5,100
304,088 18,892

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 - 100
50 Ordinary A £1 50 -
10 Ordinary B £1 10 -
10 Ordinary C £1 10 -
10 Ordinary D £1 10 -
10 Ordinary E £1 10 -
10 Ordinary F £1 10 -
100 100

During the year the company passed a special resolution converting 100 ordinary shares into 50 ordinary A shares, 10 ordinary B shares, 10 ordinary C shares, 10 ordinary D shares, 10 ordinary E shares and 10 ordinary F shares. These carry separate entitlements to dividends, but rank pari passu in all other rights.

9. RELATED PARTY DISCLOSURES

During the year the company made an interest free loan to a company which it has a 40% shareholding in. The balance outstanding on this loan at the year end was £180,000 (2022: £18,000)

During the year the company received interest free loans from a companies under common control. The balance outstanding on these loans at the year end was £29,000 (2022: £NIL).

During the year the directors provided an interest free loan to the company. The balance outstanding on this loan at the year end was £273,000.