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Company Registration No. 04053255 (England and Wales)
Hock Enterprises Limited Unaudited accounts for the year ended 31 July 2023
Hock Enterprises Limited Unaudited accounts Contents
Page
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Hock Enterprises Limited Company Information for the year ended 31 July 2023
Director
J Hock
Company Number
04053255 (England and Wales)
Registered Office
14 Westal Park Cheltenham GL51 3BL
Accountants
Anthony Smith Accountancy Services 2 Tylea Close The Reddings Cheltenham Gloucestershire GL51 6RB
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Hock Enterprises Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
446,166 
446,223 
Current assets
Debtors
48,049 
- 
Creditors: amounts falling due within one year
(210,764)
(162,660)
Net current liabilities
(162,715)
(162,660)
Total assets less current liabilities
283,451 
283,563 
Provisions for liabilities
Deferred tax
(27,235)
(27,246)
Net assets
256,216 
256,317 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
256,116 
256,217 
Shareholders' funds
256,216 
256,317 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2024 and were signed on its behalf by
J Hock Director Company Registration No. 04053255
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Hock Enterprises Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Hock Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 04053255. The registered office is 14 Westal Park, Cheltenham, GL51 3BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hock Enterprises Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
445,993 
6,369 
452,362 
At 31 July 2023
445,993 
6,369 
452,362 
Depreciation
At 1 August 2022
- 
6,139 
6,139 
Charge for the year
- 
57 
57 
At 31 July 2023
- 
6,196 
6,196 
Net book value
At 31 July 2023
445,993 
173 
446,166 
At 31 July 2022
445,993 
230 
446,223 
The fair value of the company's Land and buildings was revalued on 31st July 2017. An independent valuer was not involved. The Land and buildings were revalued by the director based on relevant local transactions. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £302,818 (2022 £302,818).
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
48,049 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
210,494 
143,594 
Taxes and social security
- 
2,455 
Loans from directors
- 
16,341 
Accruals
270 
270 
210,764 
162,660 
7
Transactions with related parties
Included in debtors is an amount of £48,049 (2022 £Nil) , and Included in creditors is an amount of £143,994 (2022 £143,994) owed to Netdrive IT Ltd, a company in which J Hock is the sole director and shareholder. The loan does not attract any interest and is repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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