IRIS Accounts Production v23.4.0.336 11013408 Board of Directors 1.5.22 30.4.23 30.4.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110134082022-04-30110134082023-04-30110134082022-05-012023-04-30110134082021-04-30110134082021-05-012022-04-30110134082022-04-3011013408ns15:EnglandWales2022-05-012023-04-3011013408ns14:PoundSterling2022-05-012023-04-3011013408ns10:Director12022-05-012023-04-3011013408ns10:PrivateLimitedCompanyLtd2022-05-012023-04-3011013408ns10:SmallEntities2022-05-012023-04-3011013408ns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3011013408ns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3011013408ns10:SmallCompaniesRegimeForAccounts2022-05-012023-04-3011013408ns10:FullAccounts2022-05-012023-04-3011013408ns10:Director22022-05-012023-04-3011013408ns10:RegisteredOffice2022-05-012023-04-3011013408ns5:CurrentFinancialInstruments2023-04-3011013408ns5:CurrentFinancialInstruments2022-04-3011013408ns5:ShareCapital2023-04-3011013408ns5:ShareCapital2022-04-3011013408ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3011013408ns5:FurtherSpecificReserve3ComponentTotalEquity2022-04-3011013408ns5:RetainedEarningsAccumulatedLosses2023-04-3011013408ns5:RetainedEarningsAccumulatedLosses2022-04-3011013408ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3011013408ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3011013408ns5:Secured2023-04-3011013408ns5:Secured2022-04-3011013408ns5:FurtherSpecificReserve3ComponentTotalEquity2022-04-30110134081ns10:Director12022-04-30110134081ns10:Director12021-04-30110134081ns10:Director12022-05-012023-04-30110134081ns10:Director12021-05-012022-04-30110134081ns10:Director12023-04-30110134081ns10:Director12022-04-3011013408ns10:Director222022-04-3011013408ns10:Director222021-04-3011013408ns10:Director222022-05-012023-04-3011013408ns10:Director222021-05-012022-04-3011013408ns10:Director222023-04-3011013408ns10:Director222022-04-30
REGISTERED NUMBER: 11013408 (England and Wales)














Financial Statements

for the Year Ended 30 April 2023

for

Hughes & Jones (Baltic) Ltd

Hughes & Jones (Baltic) Ltd (Registered number: 11013408)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hughes & Jones (Baltic) Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: D G Jones
R M Hughes





REGISTERED OFFICE: Oriel House
2-8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 11013408 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Hughes & Jones (Baltic) Ltd (Registered number: 11013408)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 550,000 550,000

CURRENT ASSETS
Debtors 5 657,818 611,080
Cash at bank 84 26
657,902 611,106
CREDITORS
Amounts falling due within one year 6 447,984 451,172
NET CURRENT ASSETS 209,918 159,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,918

709,934

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 1,389,920 1,389,920
Retained earnings (630,102 ) (680,086 )
759,918 709,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 11 March 2024 and were signed on its behalf by:





D G Jones - Director


Hughes & Jones (Baltic) Ltd (Registered number: 11013408)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Hughes & Jones (Baltic) Ltd 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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 550,000
NET BOOK VALUE
At 30 April 2023 550,000
At 30 April 2022 550,000

Hughes & Jones (Baltic) Ltd (Registered number: 11013408)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Amounts owed by participating interests 589,513 583,365
Other debtors 68,305 27,715
657,818 611,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 40,779 59,466
Taxation and social security 347,674 333,975
Other creditors 59,531 57,731
447,984 451,172

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 40,779 59,466

Included in the balance sheet are financial commitments of £40779.. Tower Grange Finance Limited have two charges created on the 2 March 2018 and 23 March 2018 a fixed and floating charge over all the property or undertaking of the company.

8. RESERVES
Fair
value
reserve
£   
At 1 May 2022
and 30 April 2023 1,389,920

9. OTHER FINANCIAL COMMITMENTS

Included in the balance sheet are financial commitments of £849,648. Tower Grange Finance Limited have two charges created on the 2 March 2018 and 23 March 2018 a fixed and floating charge over all the property or undertaking of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
D G Jones
Balance outstanding at start of year 23,715 24,890
Amounts advanced 21,250 5,400
Amounts repaid (810 ) (6,575 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,155 23,715

Hughes & Jones (Baltic) Ltd (Registered number: 11013408)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R M Hughes
Balance outstanding at start of year 4,000 4,000
Amounts advanced 20,150 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,150 4,000