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REGISTERED NUMBER: 01934054 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HMI TRADERS LIMITED

HMI TRADERS LIMITED (REGISTERED NUMBER: 01934054)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HMI TRADERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: H D Halsey





SECRETARY: Countess C Oldofredi





REGISTERED OFFICE: Messack House
St Just in Roseland
TRURO
Cornwall
TR2 5JL





REGISTERED NUMBER: 01934054 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

HMI TRADERS LIMITED (REGISTERED NUMBER: 01934054)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 91 121
Investments 6 2,533,741 2,401,157
2,533,832 2,401,278

CURRENT ASSETS
Stocks 8,367 8,367
Debtors 7 1,254,837 1,356,358
Cash at bank and in hand 116,692 132,302
1,379,896 1,497,027
CREDITORS
Amounts falling due within one year 8 5,783 6,080
NET CURRENT ASSETS 1,374,113 1,490,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,907,945

3,892,225

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,906,945 3,891,225
SHAREHOLDERS' FUNDS 3,907,945 3,892,225

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HMI TRADERS LIMITED (REGISTERED NUMBER: 01934054)

BALANCE SHEET - continued
31 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 director and authorised for issue on 5 April 2024 and were signed by:





H D Halsey - Director


HMI TRADERS LIMITED (REGISTERED NUMBER: 01934054)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

HMI Traders 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost represents the purchase price of stocks, shares and commodities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taking into account in arriving at the operating profit.

Consolidation
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

HMI TRADERS LIMITED (REGISTERED NUMBER: 01934054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducing all of its liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 7,627
DEPRECIATION
At 1 January 2023 7,506
Charge for year 30
At 31 December 2023 7,536
NET BOOK VALUE
At 31 December 2023 91
At 31 December 2022 121

6. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Loans to group undertakings 970,000 970,000
Other investments not loans 1,563,741 1,431,157
2,533,741 2,401,157

HMI TRADERS LIMITED (REGISTERED NUMBER: 01934054)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST
At 1 January 2023 1,431,157
Additions 343,528
Disposals (210,944 )
At 31 December 2023 1,563,741
NET BOOK VALUE
At 31 December 2023 1,563,741
At 31 December 2022 1,431,157
Loan to
Blue Chip
Homes
(UK) Ltd
£   
At 1 January 2023
and 31 December 2023 970,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 338,580 438,580
Other debtors 916,257 917,778
1,254,837 1,356,358

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,187 3,126
Other creditors 3,596 2,954
5,783 6,080

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr D Halsey (director) who owns 100% of the issued share capital.