Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr D Cust 19/04/2023 16/12/2013 Mr J Green 16/12/2013 Mr D Stuckey 17/03/2020 Mr K Tookey 17/03/2020 24 September 2024 The principal activity of the Company during the financial year was that of hire and supply of marquees along with other similar products. 05132188 2023-12-31 05132188 bus:Director1 2023-12-31 05132188 bus:Director2 2023-12-31 05132188 bus:Director3 2023-12-31 05132188 bus:Director4 2023-12-31 05132188 2022-12-31 05132188 core:CurrentFinancialInstruments 2023-12-31 05132188 core:CurrentFinancialInstruments 2022-12-31 05132188 core:ShareCapital 2023-12-31 05132188 core:ShareCapital 2022-12-31 05132188 core:RetainedEarningsAccumulatedLosses 2023-12-31 05132188 core:RetainedEarningsAccumulatedLosses 2022-12-31 05132188 core:PlantMachinery 2022-12-31 05132188 core:Vehicles 2022-12-31 05132188 core:FurnitureFittings 2022-12-31 05132188 core:OfficeEquipment 2022-12-31 05132188 core:PlantMachinery 2023-12-31 05132188 core:Vehicles 2023-12-31 05132188 core:FurnitureFittings 2023-12-31 05132188 core:OfficeEquipment 2023-12-31 05132188 2023-01-01 2023-12-31 05132188 bus:FilletedAccounts 2023-01-01 2023-12-31 05132188 bus:SmallEntities 2023-01-01 2023-12-31 05132188 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05132188 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05132188 bus:Director1 2023-01-01 2023-12-31 05132188 bus:Director2 2023-01-01 2023-12-31 05132188 bus:Director3 2023-01-01 2023-12-31 05132188 bus:Director4 2023-01-01 2023-12-31 05132188 core:PlantMachinery core:TopRangeValue 2023-01-01 2023-12-31 05132188 core:Vehicles 2023-01-01 2023-12-31 05132188 core:FurnitureFittings core:TopRangeValue 2023-01-01 2023-12-31 05132188 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 05132188 2022-01-01 2022-12-31 05132188 core:PlantMachinery 2023-01-01 2023-12-31 05132188 core:FurnitureFittings 2023-01-01 2023-12-31 05132188 core:OfficeEquipment 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 05132188 (England and Wales)

HATCH MARQUEE HIRE LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

HATCH MARQUEE HIRE LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

HATCH MARQUEE HIRE LIMITED

BALANCE SHEET

As at 31 December 2023
HATCH MARQUEE HIRE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 339,196 360,596
339,196 360,596
Current assets
Debtors 4 24,599 42,843
Cash at bank and in hand 9,121 72,804
33,720 115,647
Creditors: amounts falling due within one year 5 ( 101,154) ( 136,440)
Net current liabilities (67,434) (20,793)
Total assets less current liabilities 271,762 339,803
Provision for liabilities ( 83,608) ( 88,883)
Net assets 188,154 250,920
Capital and reserves
Called-up share capital 3 3
Profit and loss account 188,151 250,917
Total shareholder's funds 188,154 250,920

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

Directors' responsibilities:

The financial statements of Hatch Marquee Hire Limited (registered number: 05132188) were approved and authorised for issue by the Board of Directors on 24 September 2024. They were signed on its behalf by:

Mr J Green
Director
HATCH MARQUEE HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
HATCH MARQUEE HIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hatch Marquee Hire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Unit 18, 23 Melville Building East, Royal William Yard, Plymouth, PL1 3GW, United Kingdom. the principal place of business is Lower Hatch Farm, Loddiswell, Kingsbridge, Devon, TQ7 4AJ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents amounts chargeable, net of vale added tax, in respect of the hire of marquees. Revenue is recognised within the period over which the renal relates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance
basis over its expected useful life, as follows:

Plant and machinery 10 years straight line
Vehicles 15 % reducing balance
Fixtures and fittings 3 years straight line
Office equipment 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 12

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 January 2023 618,408 172,236 33,197 2,054 825,895
Additions 30,312 29,612 0 897 60,821
At 31 December 2023 648,720 201,848 33,197 2,951 886,716
Accumulated depreciation
At 01 January 2023 362,821 80,912 21,414 152 465,299
Charge for the financial year 59,480 15,179 7,312 250 82,221
At 31 December 2023 422,301 96,091 28,726 402 547,520
Net book value
At 31 December 2023 226,419 105,757 4,471 2,549 339,196
At 31 December 2022 255,587 91,324 11,783 1,902 360,596

4. Debtors

2023 2022
£ £
Trade debtors 9,428 36,110
Amounts owed by Group undertakings 100 100
Other debtors 15,071 6,633
24,599 42,843

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 18,663 24,804
Taxation and social security 72,040 91,542
Other creditors 10,451 20,094
101,154 136,440

6. Ultimate controlling party

Parent Company:

The company's immediate parent is Hatch Marquee Hire Holdings Limited, incorporated in England. The ultimate parent is Hatch Masters Limited, incorporated in England.
The address of the Company's registered office is C/O Francis Clark LLP Melville Building East, Royal William Yard, Stonehouse, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Lower Hatch Farm, Loddiswell, Kingsbridge, Devon, TQ7 4AJ.