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REGISTERED NUMBER: 07469087 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HOTSPUR RESIDENTIAL LIMITED

HOTSPUR RESIDENTIAL LIMITED (REGISTERED NUMBER: 07469087)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOTSPUR RESIDENTIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J R S Mathews



REGISTERED OFFICE: Market Place
Alnwick
Northumberland
NE66 1HS



REGISTERED NUMBER: 07469087 (England and Wales)



ACCOUNTANTS: Greaves Grindle
Chartered Accountants
Victoria House
Bondgate Within
Alnwick
Northumberland
NE66 1TA



BANKERS: Lloyds Bank plc
24 Bondgate Within
Alnwick
Northumberland
NE66 1TD

HOTSPUR RESIDENTIAL LIMITED (REGISTERED NUMBER: 07469087)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,674 37,900

CURRENT ASSETS
Debtors 5 33,465 17,134
Cash at bank 56,284 56,705
89,749 73,839
CREDITORS
Amounts falling due within one year 6 52,230 44,330
NET CURRENT ASSETS 37,519 29,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,193

67,409

CREDITORS
Amounts falling due after more than one
year

7

34,062

26,510
NET ASSETS 42,131 40,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,031 40,799
SHAREHOLDERS' FUNDS 42,131 40,899

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 director acknowledges his 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.

HOTSPUR RESIDENTIAL LIMITED (REGISTERED NUMBER: 07469087)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:





J R S Mathews - Director


HOTSPUR RESIDENTIAL LIMITED (REGISTERED NUMBER: 07469087)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Hotspur Residential 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 represents net invoiced sale of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furnishings and equipment - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 50% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

HOTSPUR RESIDENTIAL LIMITED (REGISTERED NUMBER: 07469087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Office
furnishings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 5,312 51,999 3,925 61,236
Additions - 15,009 1,681 16,690
Disposals - (13,500 ) - (13,500 )
At 31 December 2023 5,312 53,508 5,606 64,426
DEPRECIATION
At 1 January 2023 3,924 15,669 3,743 23,336
Charge for year 208 9,162 1,016 10,386
Eliminated on disposal - (7,970 ) - (7,970 )
At 31 December 2023 4,132 16,861 4,759 25,752
NET BOOK VALUE
At 31 December 2023 1,180 36,647 847 38,674
At 31 December 2022 1,388 36,330 182 37,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,639 17,134
Other debtors 13,826 -
33,465 17,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,065 6,853
Taxation and social security 30,105 24,969
Other creditors 18,060 12,508
52,230 44,330

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 34,062 26,510

HOTSPUR RESIDENTIAL LIMITED (REGISTERED NUMBER: 07469087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J R S Mathews
Balance outstanding at start of year (1,693 ) (750 )
Amounts advanced 20,863 9,171
Amounts repaid (5,344 ) (10,114 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,826 (1,693 )

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs J R S Mathews.