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REGISTERED NUMBER: 06749925 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Hockley Smith Fine Art Consulting Ltd

Hockley Smith Fine Art Consulting Ltd (Registered number: 06749925)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hockley Smith Fine Art Consulting Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M R Hockley Smith
Mrs R A Hockley Smith





REGISTERED OFFICE: Ward Mackenzie Ltd
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS





REGISTERED NUMBER: 06749925 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Hockley Smith Fine Art Consulting Ltd (Registered number: 06749925)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,434 4,023

CURRENT ASSETS
Stocks 2,780 2,780
Debtors 5 777 7,359
Cash at bank 51,326 39,818
54,883 49,957
CREDITORS
Amounts falling due within one year 6 (19,612 ) (11,846 )
NET CURRENT ASSETS 35,271 38,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,705

42,134

CREDITORS
Amounts falling due after more than one
year

7

(10,833

)

(15,833

)
NET ASSETS 27,872 26,301

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 8 27,869 26,298
SHAREHOLDERS' FUNDS 27,872 26,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Hockley Smith Fine Art Consulting Ltd (Registered number: 06749925)

Balance Sheet - continued
30 November 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 12 July 2024 and were signed on its behalf by:





M R Hockley Smith - Director


Hockley Smith Fine Art Consulting Ltd (Registered number: 06749925)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Hockley Smith Fine Art Consulting 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.

TURNOVER
Turnover represents net invoiced of services, excluding value added tax

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 - 20% on reducing balance
Computer equipment - 20% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 taken into account in arriving at the operating result.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Hockley Smith Fine Art Consulting Ltd (Registered number: 06749925)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 5,333 12,172 17,505
Additions 1,360 2,208 3,568
Disposals - (12,172 ) (12,172 )
At 30 November 2023 6,693 2,208 8,901
DEPRECIATION
At 1 December 2022 5,086 8,396 13,482
Charge for year 159 976 1,135
Eliminated on disposal - (9,150 ) (9,150 )
At 30 November 2023 5,245 222 5,467
NET BOOK VALUE
At 30 November 2023 1,448 1,986 3,434
At 30 November 2022 247 3,776 4,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 7,338
VAT 777 21
777 7,359

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 7,886 4,003
Corporation tax 3,961 353
Other creditors 1,033 -
Directors' loan accounts 106 51
Accrued expenses 1,626 2,439
19,612 11,846

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 9,583
Bank loans - 2-5 years 833 6,250
10,833 15,833

Hockley Smith Fine Art Consulting Ltd (Registered number: 06749925)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. RESERVES
Retained
earnings
£   

At 1 December 2022 26,298
Profit for the year 5,221
Dividends (3,650 )
At 30 November 2023 27,869

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £3,650 (2022 - £9,900) were paid to the directors.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, M R Hockley Smith and Mrs. R A Hockley Smith.