Company registration number 05366428 (England and Wales)
INTAGLIO HORNBY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 9 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
INTAGLIO HORNBY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
INTAGLIO HORNBY LTD
BALANCE SHEET
AS AT
9 FEBRUARY 2023
09 February 2023
- 1 -
9 February 2023
31 December 2021
Notes
£
£
£
£
Fixed assets
Investments
3
959,212
959,212
Current assets
Debtors
4
1,205
1,205
Net current assets
1,205
1,205
Net assets
960,417
960,417
Capital and reserves
Called up share capital
5
7,048
7,048
Share premium account
157
157
Profit and loss reserves
953,212
953,212
Total equity
960,417
960,417

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 9 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 February 2024 and are signed on its behalf by:
Mr S Nunney
Director
Company Registration No. 05366428
INTAGLIO HORNBY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 9 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

Intaglio Hornby Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Hornby Industrial Estate, Station Road, Hornby, Lancaster, LA2 8JP.

1.1
Reporting period

The accounts have been prepared for the period 1 January 2022 to 9 February 2023. The comparative amounts have been prepared for the year to 31 December 2021, thus making the results not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Fixed asset investments

Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

INTAGLIO HORNBY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 9 FEBRUARY 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

 

Dividends payable on equity instruments are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2
Employees

The average monthly number of persons (excluding directors who are not remunerated) employed by the company during the Period was:

2023
2021
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2023
2021
£
£
Shares in group undertakings and participating interests
959,212
959,212
4
Debtors
2023
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
133
133
Other debtors
1,072
1,072
1,205
1,205
INTAGLIO HORNBY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 9 FEBRUARY 2023
- 4 -
5
Called up share capital
2023
2021
2023
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,048
1,048
1,048
1,048
Ordinary 'A' shares of £1 each
4,800
4,800
4,800
4,800
Ordinary 'B' shares of £1 each
1,200
1,200
1,200
1,200
7,048
7,048
7,048
7,048
INTAGLIO HORNBY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 9 FEBRUARY 2023
- 5 -
6
Related party transactions

In accordance with Section 1AC.35 the company has not disclosed transactions with its wholly owned subsidiary or its parent company.

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