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REGISTERED NUMBER: 09171014 (England and Wales)















HUDSON SHROPSHIRE LTD

Unaudited Financial Statements for the Year Ended 31 December 2023






HUDSON SHROPSHIRE LTD (REGISTERED NUMBER: 09171014)

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

Chartered Accountants' Report 8

HUDSON SHROPSHIRE LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R Davies





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 09171014 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

HUDSON SHROPSHIRE LTD (REGISTERED NUMBER: 09171014)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,934 105,434
Investment property 5 1,496,299 1,487,396
1,607,233 1,592,830

CURRENT ASSETS
Debtors 6 102,751 359,526
Cash at bank 20,732 39,943
123,483 399,469
CREDITORS
Amounts falling due within one year 7 662,359 705,046
NET CURRENT LIABILITIES (538,876 ) (305,577 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,068,357

1,287,253

CREDITORS
Amounts falling due after more than one
year

8

(538,977

)

(579,438

)

PROVISIONS FOR LIABILITIES (39,134 ) (37,279 )
NET ASSETS 490,246 670,536

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 117,403 124,418
Retained earnings 372,743 546,018
SHAREHOLDERS' FUNDS 490,246 670,536

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.

HUDSON SHROPSHIRE LTD (REGISTERED NUMBER: 09171014)

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 26 September 2024 and were signed by:





R Davies - Director


HUDSON SHROPSHIRE LTD (REGISTERED NUMBER: 09171014)

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


1. STATUTORY INFORMATION

Hudson Shropshire Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% Straight Line
Motor vehicles - 25% on reducing balance
Office equipment - 25% Straight Line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

HUDSON SHROPSHIRE LTD (REGISTERED NUMBER: 09171014)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 2,499 74,515 27,899 6,507 111,420
Additions 309 12,251 - 1,625 14,185
At 31 December 2023 2,808 86,766 27,899 8,132 125,605
DEPRECIATION
At 1 January 2023 312 - 1,679 3,995 5,986
Charge for year 618 - 6,555 1,512 8,685
At 31 December 2023 930 - 8,234 5,507 14,671
NET BOOK VALUE
At 31 December 2023 1,878 86,766 19,665 2,625 110,934
At 31 December 2022 2,187 74,515 26,220 2,512 105,434

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 27,899
DEPRECIATION
At 1 January 2023 1,679
Charge for year 6,555
At 31 December 2023 8,234
NET BOOK VALUE
At 31 December 2023 19,665
At 31 December 2022 26,220

HUDSON SHROPSHIRE LTD (REGISTERED NUMBER: 09171014)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,487,396
Additions 133,903
Disposals (125,000 )
At 31 December 2023 1,496,299
NET BOOK VALUE
At 31 December 2023 1,496,299
At 31 December 2022 1,487,396

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2015 761,295
Valuation in 2016 26,435
Valuation in 2017 261,035
Valuation in 2018 286,235
Valuation in 2019 (138,244 )
Valuation in 2020 112,447
Valuation in 2021 (26,120 )
Valuation in 2022 204,313
Valuation in 2023 8,903
1,496,299

Investment properties were revalued by the director on 31st December 2019.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 15,490 274,760
Other debtors 83,766 84,766
VAT 3,495 -
102,751 359,526

HUDSON SHROPSHIRE LTD (REGISTERED NUMBER: 09171014)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 51,376 56,112
Hire purchase contracts 6,355 6,355
Trade creditors 35,800 36,551
Amounts owed to participating interests - 1,457
Social security and other taxes 84,135 81,818
Other creditors 23,703 22,029
Directors' current accounts 458,338 498,193
Accruals & deferred income 2,652 2,531
662,359 705,046

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 525,996 560,102
Hire purchase contracts 12,981 19,336
538,977 579,438

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 577,372 616,214

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023 124,418
Revaluation (7,015 )

At 31 December 2023 117,403

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £458,338 (2022 £498,193).

12. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its director.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hudson Shropshire Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hudson Shropshire Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hudson Shropshire Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hudson Shropshire Ltd and state those matters that we have agreed to state to the director of Hudson Shropshire Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hudson Shropshire Ltd and its director for our work or for this report.

It is your duty to ensure that Hudson Shropshire Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hudson Shropshire Ltd. You consider that Hudson Shropshire Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hudson Shropshire Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


26 September 2024