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REGISTERED NUMBER: 03387621 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

The Hancock Partnership Limited

The Hancock Partnership Limited (Registered number: 03387621)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Hancock Partnership Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C G Hancock
Mrs A M Hancock





SECRETARY: Mrs A M Hancock





REGISTERED OFFICE: Unit 11 Diddenham Court
Lambwood Hill
Grazeley
Reading
Berkshire
RG7 1JQ





REGISTERED NUMBER: 03387621 (England and Wales)





ACCOUNTANTS: EDMONDS ACCOUNTANCY LIMITED
Unit 11, Diddenham Bus Park,
Diddenham Court
Grazeley,
READING
Berkshire
RG7 1JQ

The Hancock Partnership Limited (Registered number: 03387621)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,339 9,176

CURRENT ASSETS
Debtors 5 5,337 26,215
Cash at bank 136,154 218,509
141,491 244,724
CREDITORS
Amounts falling due within one year 6 16,298 36,623
NET CURRENT ASSETS 125,193 208,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,532

217,277

PROVISIONS FOR LIABILITIES 7,284 1,743
NET ASSETS 156,248 215,534

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 156,246 215,532
SHAREHOLDERS' FUNDS 156,248 215,534

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Hancock Partnership Limited (Registered number: 03387621)

Statement of Financial Position - continued
31 December 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 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 20 September 2024 and were signed on its behalf by:





C G Hancock - Director


The Hancock Partnership Limited (Registered number: 03387621)

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

1. STATUTORY INFORMATION

The Hancock Partnership Limited 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the provision of services as the contractual activity progresses.

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 etc - 33% on cost and 25% on reducing balance

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 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 - 2 ).

The Hancock Partnership Limited (Registered number: 03387621)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 29,568
Additions 44,409
Disposals (805 )
At 31 December 2023 73,172
DEPRECIATION
At 1 January 2023 20,392
Charge for year 15,246
Eliminated on Disposal (805 )
At 31 December 2023 34,833
NET BOOK VALUE
At 31 December 2023 38,339
At 31 December 2022 9,176

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 13,320
Other debtors 5,337 12,895
5,337 26,215

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - (1 )
Taxation and social security - 17,527
Other creditors 16,298 19,097
16,298 36,623