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Company Registration No. NI049470 (Northern Ireland)
HEBRON INVESTMENTS LIMITED Unaudited accounts for the year ended 30 April 2024
HEBRON INVESTMENTS LIMITED Unaudited accounts Contents
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HEBRON INVESTMENTS LIMITED Company Information for the year ended 30 April 2024
Directors
ERNEST MERVYN RUDDELL ANNE RUDDELL ANDREW RUDDELL
Secretary
ERNEST MERVYN RUDDELL
Company Number
NI049470 (Northern Ireland)
Registered Office
LOT 3 KINGS QUARRY NORTH ROAD NEWTOWNARDS BT23 3AS NORTHERN IRELAND
Accountants
ALAN CURRY 4 WARD AVENUE BANGOR, CO DOWN BT20 5JW
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HEBRON INVESTMENTS LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
823,431 
823,431 
Current assets
Debtors
360,681 
337,208 
Cash at bank and in hand
53,934 
63,866 
414,615 
401,074 
Creditors: amounts falling due within one year
(15,431)
(18,046)
Net current assets
399,184 
383,028 
Total assets less current liabilities
1,222,615 
1,206,459 
Provisions for liabilities
Deferred tax
(2,118)
(2,118)
Net assets
1,220,497 
1,204,341 
Capital and reserves
Called up share capital
5,000 
5,000 
Revaluation reserve
691,000 
691,000 
Profit and loss account
524,497 
508,341 
Shareholders' funds
1,220,497 
1,204,341 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by
ERNEST MERVYN RUDDELL Director Company Registration No. NI049470
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HEBRON INVESTMENTS LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
HEBRON INVESTMENTS LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI049470. The registered office is LOT 3, KINGS QUARRY, NORTH ROAD, NEWTOWNARDS, BT23 3AS, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Transactions with related parties
The directors of the company Mr E M Ruddell, Mrs A Ruddell and Mr A Ruddell are also directors of Ruddell Metals. During the year Hebron Investments Limited advanced £21,500 (2023: £41,000) to Ruddell Metals being an interest free loan. At the balance sheet date Hebron Investments Limited was owed £348,911 (2023: £327,411) from Ruddell Metals. The directors Mr M E Ruddell and Mrs A Ruddell received dividends in the year totalling £16,020 (2023: £21,520).
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HEBRON INVESTMENTS LIMITED Notes to the Accounts for the year ended 30 April 2024
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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