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REGISTERED NUMBER: 09890381 (England and Wales)














Financial Statements

for the Year Ended 31 May 2023

for

Hughes & Jones (Liverpool) Limited

Hughes & Jones (Liverpool) Limited (Registered number: 09890381)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hughes & Jones (Liverpool) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: D G Jones
R M Hughes





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





REGISTERED NUMBER: 09890381 (England and Wales)





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

Hughes & Jones (Liverpool) Limited (Registered number: 09890381)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,780 2,373
Investment property 5 5,546,192 5,546,192
5,547,972 5,548,565

CURRENT ASSETS
Debtors 6 744,395 689,269
Cash at bank 84 76
744,479 689,345
CREDITORS
Amounts falling due within one year 7 269,058 235,995
NET CURRENT ASSETS 475,421 453,350
TOTAL ASSETS LESS CURRENT LIABILITIES 6,023,393 6,001,915

CREDITORS
Amounts falling due after more than one year 8 4,632,464 4,530,644
NET ASSETS 1,390,929 1,471,271

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 140,614 140,614
Retained earnings 1,250,215 1,330,557
1,390,929 1,471,271

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

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

Hughes & Jones (Liverpool) Limited (Registered number: 09890381)

Balance Sheet - continued
31 May 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 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 (Liverpool) Limited (Registered number: 09890381)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

Hughes & Jones (Liverpool) Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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).

Hughes & Jones (Liverpool) Limited (Registered number: 09890381)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 10,000
DEPRECIATION
At 1 June 2022 7,627
Charge for year 593
At 31 May 2023 8,220
NET BOOK VALUE
At 31 May 2023 1,780
At 31 May 2022 2,373

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 5,546,192
NET BOOK VALUE
At 31 May 2023 5,546,192
At 31 May 2022 5,546,192

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 4,949 5,684
Amounts owed by participating interests 593,091 565,100
Other debtors 146,355 118,485
744,395 689,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 154,820 154,820
Taxation and social security 102,182 70,920
Other creditors 12,056 10,255
269,058 235,995

Hughes & Jones (Liverpool) Limited (Registered number: 09890381)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 4,632,464 4,530,644

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,807,295 3,911,364

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 4,787,284 4,685,464

Included in the balance sheet are financial commitments of £4,787,284. Hampshire Trust Bank PLC have two charges created on the 8 December 2021and a fixed and floating charge over all the property or undertaking of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 140,614

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
D G Jones
Balance outstanding at start of year 22,500 11,500
Amounts advanced 39,000 11,000
Amounts repaid (50,630 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,870 22,500

Hughes & Jones (Liverpool) Limited (Registered number: 09890381)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R M Hughes
Balance outstanding at start of year 41,917 (5,583 )
Amounts advanced 39,500 47,500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 81,417 41,917