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REGISTERED NUMBER: 08318561 (England and Wales)















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: Mr S Whamond
Mr B Raggett





REGISTERED OFFICE: 7th Floor
The Lexicon
Mount Street
Manchester
M2 5NT





REGISTERED NUMBER: 08318561 (England and Wales)





ACCOUNTANTS: KJG
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 4 379,578 503,765
Investments 5 1,455,200 1,455,200
1,834,778 1,958,965

CURRENT ASSETS
Cash at bank 6,211 6,211

CREDITORS
Amounts falling due within one year 6 (226,422 ) (226,422 )
NET CURRENT LIABILITIES (220,211 ) (220,211 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,614,567 1,738,754

CREDITORS
Amounts falling due after more than one year 7 (10,000 ) (10,000 )
NET ASSETS 1,604,567 1,728,754

CAPITAL AND RESERVES
Called up share capital 8 10,970 10,970
Share premium 1,389,117 1,389,117
Retained earnings 204,480 328,667
1,604,567 1,728,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

HAMMOND RAGGETT HOLDINGS LIMITED (REGISTERED NUMBER: 08318561)

BALANCE SHEET - continued
31st December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th March 2024 and were signed on its behalf by:





Mr S Whamond - Director


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
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 as modified by the revaluation of certain assets.

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 2 (2022 - 2 ) .

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 1,241,872
AMORTISATION
At 1st January 2023 738,107
Charge for year 124,187
At 31st December 2023 862,294
NET BOOK VALUE
At 31st December 2023 379,578
At 31st December 2022 503,765

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1st January 2023
and 31st December 2023 2,296,200
PROVISIONS
At 1st January 2023
and 31st December 2023 841,000
NET BOOK VALUE
At 31st December 2023 1,455,200
At 31st December 2022 1,455,200

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 226,422 226,422

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 10,000 10,000

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