Registered number
06091096
Hitchcopse Ltd
Unaudited Filleted Accounts
30 June 2023
Hitchcopse Ltd
Registered number: 06091096
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 106,693 124,855
Current assets
Debtors 4 188,731 183,234
Investments held as current assets 5 220,574 205,888
Cash at bank and in hand 302,244 251,561
711,549 640,683
Creditors: amounts falling due within one year 6 (91,218) (141,107)
Net current assets 620,331 499,576
Net assets 727,024 624,431
Capital and reserves
Called up share capital 1 1
Profit and loss account 727,023 624,430
Shareholder's funds 727,024 624,431
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Evan Maitland James
Director
Approved by the board on 29 March 2024
Hitchcopse Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings straight line over the length of the lease
Plant and machinery 33% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Leasehold land Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 284,284 2,986 287,270
At 30 June 2023 284,284 2,986 287,270
Depreciation
At 1 July 2022 159,444 2,971 162,415
Charge for the year 18,147 15 18,162
At 30 June 2023 177,591 2,986 180,577
Net book value
At 30 June 2023 106,693 - 106,693
At 30 June 2022 124,840 15 124,855
4 Debtors 2023 2022
£ £
Other debtors 188,731 183,234
5 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments 220,574 205,888
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 14,686 (39,313)
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 26,796 28,135
Other creditors 64,422 112,972
91,218 141,107
7 Other information
Hitchcopse Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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