REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
HURST INVESTMENTS LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Motor vehicles | - |
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 |
At 31 October 2023 |
DEPRECIATION |
Charge for year |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
5. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
COST OR VALUATION |
Additions |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
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 |
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 |
Other creditors |
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. |