REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
HAMMOND RAGGETT HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
HAMMOND RAGGETT HOLDINGS LIMITED |
HAMMOND RAGGETT HOLDINGS LIMITED (REGISTERED NUMBER: 08318561) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
HAMMOND RAGGETT HOLDINGS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31st December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
100 Barbirolli Square |
Manchester |
M2 3BD |
HAMMOND RAGGETT HOLDINGS LIMITED (REGISTERED NUMBER: 08318561) |
BALANCE SHEET |
31st December 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium |
Retained earnings |
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. |
HAMMOND RAGGETT HOLDINGS LIMITED (REGISTERED NUMBER: 08318561) |
BALANCE SHEET - continued |
31st December 2023 |
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 Board of Directors and authorised for issue on |
HAMMOND RAGGETT HOLDINGS LIMITED (REGISTERED NUMBER: 08318561) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2023 |
1. | STATUTORY INFORMATION |
Hammond Raggett Holdings Limited is a private company limited by share capital, incorporated in England and Wales, registration number 08318561. The address of the registered office and principal place of business is 7th Floor, The Lexicon, Mount Street, Manchester, M2 5NT. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Hammond Raggett Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Intangible fixed assets - goodwill |
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of income and retained earnings over its useful economic life. This is deemed to be 10 years. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less provision for impairment. |
Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. |
Cash and cash equivalents |
Cash and cash equivalents are represented by cash at bank and in hand. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
HAMMOND RAGGETT HOLDINGS LIMITED (REGISTERED NUMBER: 08318561) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2023 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st January 2023 |
and 31st December 2023 |
AMORTISATION |
At 1st January 2023 |
Charge for year |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST OR VALUATION |
At 1st January 2023 |
and 31st December 2023 |
PROVISIONS |
At 1st January 2023 |
and 31st December 2023 | 841,000 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
Cost or valuation at 31st December 2023 is represented by: |
Shares in |
group |
undertakings |
£ |
Cost | 2,296,200 |
Market value of listed investments at 31st December 2023 - £ 1,455,200 . |
HAMMOND RAGGETT HOLDINGS LIMITED (REGISTERED NUMBER: 08318561) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2023 |
5. | FIXED ASSET INVESTMENTS - continued |
The following were subsidiary undertakings of the company: |
Name |
Country of Incorporation |
Class of Shares |
Holding |
Principal Activity |
Keoco 222 Ltd | England and Wales | Ordinary | 100% | Holding Company |
Beechwood (Pensions & Investments) Ltd |
England and Wales |
Ordinary |
100% |
Dormant |
Rowley Goodall Ltd | England and Wales | Ordinary | 100% | Dormant |
The following was a subsidiary undertaking of Keoco 222 Ltd: |
Name |
Country of Incorporation |
Class of Shares |
Holding |
Principal Activity |
Hammond Raggett & Company Limited |
England and Wales |
Ordinary |
98.92% |
Financial Services |
The following was a subsidiary undertaking of Hammond Raggett & Company Limited: |
Name |
Country of Incorporation |
Class of Shares |
Holding |
Principal Activity |
Dartferry Ltd | England and Wales | Ordinary | 100% | Dormant |
The registered office and principal place of business of the above mentioned companies is 7th Floor, The Lexicon, Mount Street, Manchester, M2 5NT. |
The financial year end of all the subsidiaries is on 31st December 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
HAMMOND RAGGETT HOLDINGS LIMITED (REGISTERED NUMBER: 08318561) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2023 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: |
Class |
Nominal Value: |
2021 |
2020 |
£ | £ |
778,892 | Ordinary A | £0.01 | 7,789 | 7,789 |
63,555 | Ordinary B | £0.01 | 635 | 635 |
127,894 | Ordinary C | £0.01 | 1,279 | 1,279 |
60,532 | Ordinary D | £0.01 | 606 | 606 |
66,157 | Ordinary E | £0.01 | 661 | 661 |
10,970 | 10,970 |