Company registration number 04968459 (England and Wales)
HATTON DESIGNS OF LONDON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
HATTON DESIGNS OF LONDON LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
HATTON DESIGNS OF LONDON LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
1,026,092
1,026,092
Current assets
Debtors
5
650,148
615,314
Cash at bank and in hand
20,836
26,197
670,984
641,511
Creditors: amounts falling due within one year
6
(508,388)
(509,685)
Net current assets
162,596
131,826
Net assets
1,188,688
1,157,918
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
1,188,588
1,157,818
Total equity
1,188,688
1,157,918

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 12 September 2024 and are signed on its behalf by:
U Joseph
Director
Company Registration No. 04968459
HATTON DESIGNS OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Hatton Designs of London Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, Regis House, 45 King William Street, London, EC4R 9AN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources in operational existence for the foreseeable future, Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks.

HATTON DESIGNS OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

HATTON DESIGNS OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
3
Tangible fixed assets
Plant and machinery
£
Cost
At 1 January 2023 and 31 December 2023
685
Depreciation and impairment
At 1 January 2023 and 31 December 2023
685
Carrying amount
At 31 December 2023
-
0
At 31 December 2022
-
0
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
1,026,092
1,026,092
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
509,753
479,019
Other debtors
140,395
136,295
650,148
615,314
Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
7,218
265
Other creditors
501,170
509,420
508,388
509,685

Other creditors comprise loans from the director.

HATTON DESIGNS OF LONDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary of £1 each
75
75
75
75
B Ordinary of £1 each
25
25
25
25
100
100
100
100
2023-12-312023-01-01false12 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityU JosephC JosephL Brownfalsefalse0049684592023-01-012023-12-31049684592023-12-31049684592022-12-3104968459core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3104968459core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3104968459core:CurrentFinancialInstruments2023-12-3104968459core:CurrentFinancialInstruments2022-12-3104968459core:ShareCapital2023-12-3104968459core:ShareCapital2022-12-3104968459core:RetainedEarningsAccumulatedLosses2023-12-3104968459core:RetainedEarningsAccumulatedLosses2022-12-3104968459core:ShareCapitalOrdinaryShares2023-12-3104968459core:ShareCapitalOrdinaryShares2022-12-3104968459bus:Director12023-01-012023-12-3104968459core:PlantMachinery2023-01-012023-12-3104968459core:PlantMachinery2022-12-3104968459core:PlantMachinery2023-12-3104968459core:PlantMachinery2022-12-3104968459core:WithinOneYear2023-12-3104968459core:WithinOneYear2022-12-3104968459bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104968459bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104968459bus:FRS1022023-01-012023-12-3104968459bus:AuditExemptWithAccountantsReport2023-01-012023-12-3104968459bus:Director22023-01-012023-12-3104968459bus:CompanySecretary12023-01-012023-12-3104968459bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP