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Registered number: 14322774
Hatch Ride Group Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Annie Jacobs Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14322774
31 July 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 632 1
Investments 5 50,000 -
50,632 1
CURRENT ASSETS
Debtors 6 9,453 488
Cash at bank and in hand 147 10
9,600 498
Creditors: Amounts Falling Due Within One Year 7 (243,246 ) (149,363 )
NET CURRENT ASSETS (LIABILITIES) (233,646 ) (148,865 )
TOTAL ASSETS LESS CURRENT LIABILITIES (183,014 ) (148,864 )
NET LIABILITIES (183,014 ) (148,864 )
CAPITAL AND RESERVES
Called up share capital 8 50,000 100
Profit and Loss Account (233,014 ) (148,964 )
SHAREHOLDERS' FUNDS (183,014) (148,864)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Thomas
Director
17/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hatch Ride Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14322774 . The registered office is Watlington Pharmacy , Couching Street, Watlington, Oxfordshire, OX49 5PU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Depreciation to £1 in first year
Computer Equipment 25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 128,643 - 128,643
Additions - 842 842
Disposals (1 ) - (1 )
As at 31 July 2024 128,642 842 129,484
Depreciation
As at 1 August 2023 128,642 - 128,642
Provided during the period - 210 210
As at 31 July 2024 128,642 210 128,852
Net Book Value
As at 31 July 2024 - 632 632
As at 1 August 2023 1 - 1
Page 3
Page 4
5. Investments
Listed
£
Cost
As at 1 August 2023 -
Additions 50,000
As at 31 July 2024 50,000
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 50,000
As at 1 August 2023 -
The company's investments at the Balance Sheet date in the share capital of companies include the following:
Hatch Ride Properties Ltd
Registered office: Watlington Pharmacy, Couching Street, Watlington, OX49 5PU
Class of Shares: Holding
Ordinary: 50,000 shares - 100% of total shares
6. Debtors
31 July 2024 31 July 2023
£ £
Due within one year
Other debtors - VAT 9,453 488
7. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 July 2023
£ £
Trade creditors 184,717 34,997
Other loans 55,000 -
Director's loan account 1,263,833 -
Amounts owed to other participating interests (1,260,304 ) 114,366
243,246 149,363
8. Share Capital
31 July 2024 31 July 2023
£ £
Allotted, Called up and fully paid 50,000 100
Page 4