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REGISTERED NUMBER: 12973040 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Hector Webb Investments Ltd

Hector Webb Investments Ltd (Registered number: 12973040)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Hector Webb Investments Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Miss L C Hector
A K Webb





REGISTERED OFFICE: 97 Oxford Road
Swindon
SN3 4JB





REGISTERED NUMBER: 12973040 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hector Webb Investments Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hector Webb Investments Ltd for the year ended 31 October 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hector Webb Investments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hector Webb Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Hector Webb Investments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hector Webb Investments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hector Webb Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hector Webb Investments Ltd. You consider that Hector Webb Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hector Webb Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


29 July 2024

Hector Webb Investments Ltd (Registered number: 12973040)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46 81
Investment property 5 240,000 240,000
240,046 240,081

CURRENT ASSETS
Debtors 6 17,204 437
Cash at bank 2,068 1,315
19,272 1,752
CREDITORS
Amounts falling due within one year 7 48,879 32,599
NET CURRENT LIABILITIES (29,607 ) (30,847 )
TOTAL ASSETS LESS CURRENT LIABILITIES 210,439 209,234

CREDITORS
Amounts falling due after more than one year 8 (182,735 ) (182,735 )

PROVISIONS FOR LIABILITIES (5,327 ) (5,020 )

ACCRUALS AND DEFERRED INCOME (980 ) (831 )
NET ASSETS 21,397 20,648

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 10 46,149 46,149
Retained earnings (24,755 ) (25,504 )
21,397 20,648

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

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

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 29 July 2024 and were signed on its behalf by:



Miss L C Hector - Director


Hector Webb Investments Ltd (Registered number: 12973040)

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

1. STATUTORY INFORMATION

Hector Webb Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Rental income arising from operating leases on investment properties is accounted for on a straight line basis over the lease term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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).

Hector Webb Investments Ltd (Registered number: 12973040)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 105
DEPRECIATION
At 1 November 2022 24
Charge for year 35
At 31 October 2023 59
NET BOOK VALUE
At 31 October 2023 46
At 31 October 2022 81

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 240,000
NET BOOK VALUE
At 31 October 2023 240,000
At 31 October 2022 240,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 51,169
Cost 188,831
240,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 188,831 188,831
Aggregate depreciation (7,554 ) (3,777 )

Investment property was valued on an open market basis basis on 31 October 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,204 437

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 48,879 32,599

Hector Webb Investments Ltd (Registered number: 12973040)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 182,735 182,735

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 182,735 182,735

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 182,735 182,735

A personal guarantee is provided by the Directors in respect of the mortgage held by the company.

10. RESERVES
Fair
value
reserve
£   
At 1 November 2022
and 31 October 2023 46,149