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REGISTERED NUMBER: SC648528 (Scotland)











































Hudson Ladykirk Ltd

Unaudited Financial Statements

for the Year Ended 28th November 2023






Hudson Ladykirk Ltd (Registered number: SC648528)






Contents of the Financial Statements
for the year ended 28th November 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 5


Hudson Ladykirk Ltd

Company Information
for the year ended 28th November 2023







Directors: H J Askew
H M J Birch
J B Hudson





Registered office: Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Registered number: SC648528 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Hudson Ladykirk Ltd (Registered number: SC648528)

Balance Sheet
28th November 2023

2023 2022
Notes £    £   
Current assets
Stocks 1,057,742 499,928
Debtors 4 354,513 31,854
Cash at bank - 434,796
1,412,255 966,578
Creditors
Amounts falling due within one year 5 814,895 953,983
Net current assets 597,360 12,595
Total assets less current liabilities 597,360 12,595

Capital and reserves
Called up share capital 100 100
Retained earnings 597,260 12,495
597,360 12,595

Hudson Ladykirk Ltd (Registered number: SC648528)

Balance Sheet - continued
28th November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th August 2024 and were signed on its behalf by:





J B Hudson - Director


Hudson Ladykirk Ltd (Registered number: SC648528)

Notes to the Financial Statements
for the year ended 28th November 2023

1. Statutory information

Hudson Ladykirk Ltd is a private company, limited by shares , registered in Scotland. 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 arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, other loans, bank overdrafts and accruals.

Trade creditors, other loans, bank overdrafts and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hudson Ladykirk Ltd (Registered number: SC648528)

Notes to the Financial Statements - continued
for the year ended 28th November 2023

2. Accounting policies - continued

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

3. Employees and directors

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

4. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 354,513 31,854

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 113,950 -
Trade creditors 102,018 172,440
Amounts owed to group undertakings 454,424 454,424
Taxation and social security 44,950 3,283
Other creditors 99,553 323,836
814,895 953,983

6. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 113,950 -

Coutts & Company hold a floating charge over the property and undertaking of the company.

7. Related party disclosures

Hudson Ladykirk Ltd is a fully owned subsidiary of Ladykirk Estates Limited.

Ladykirk Estates Limited is a private company, limited by shares, registered in Scotland.

At 28th November 2023 a loan of £454,424 (2022 - £454,424) was outstanding payable by the company to Ladykirk Estates Limited. This loan is unsecured, interest free and is repayable on demand.