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Registration number: 02141713

Roger Hannah Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Roger Hannah Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Financial Statements

3 to 10

 

Roger Hannah Ltd

(Registration number: 02141713)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed Assets

 

Intangible assets

4

1,018,750

1,153,750

Tangible Assets

5

189,045

86,447

Investments

6

3

3

 

1,207,798

1,240,200

Current assets

 

Debtors

7

1,396,036

1,244,352

Cash at bank and in hand

 

1,265,662

1,020,091

 

2,661,698

2,264,443

Creditors: Amounts falling due within one year

8

(2,000,148)

(1,665,058)

Net current assets

 

661,550

599,385

Total assets less current liabilities

 

1,869,348

1,839,585

Creditors: Amounts falling due after more than one year

8

(381,667)

(451,667)

Provisions for liabilities

(47,262)

(21,612)

Net assets

 

1,440,419

1,366,306

Capital and Reserves

 

Called up share capital

100

100

Retained Earnings

1,440,319

1,366,206

Shareholders' funds

 

1,440,419

1,366,306

 

Roger Hannah Ltd

(Registration number: 02141713)
Statement of Financial Position as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 27 September 2024 and signed on its behalf by:
 

.........................................
Mr AM Clifford
Director

   
     
 

Roger Hannah Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

The principal place of business is:
Century Buildings
14 St Marys Parsonage
Manchester
M3 2DF

These financial statements were authorised for issue by the Board on 27 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

In the opinion of the directors, the company and its' subsidiary companies comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. In the opinion of the management, there are no significant judgements or estimates included in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales value added tax, returns, rebates and discounts.

The company recognises revenue when:
- The amount of revenue can be reliably measured;
- It is probable that future economic benefits will flow to the entity; and
- Specific criteria have been met for each of the company's activities.

 

Roger Hannah Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% straight line

Computer equipment

25% straight line

Goodwill

Positive purchased goodwill arising on acquisition is capitalised, classified as an asset on the statement of financial position and amortised over its useful economic life. Where a reliable estimate of the useful life of goodwill or intangible assets can not be made, the life is presumed not to exceed ten years. Useful economic lives are reviewed at the end of each reporting period and revised if necessary, subject to the constraint that revised life shall not exceed 20 years from the date of acquisition. The carrying amount at the date of revision is depreciated over the revised estimate of remaining useful economic life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10-20 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

Roger Hannah Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 59 (2023 - 56).

 

Roger Hannah Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

2,100,000

2,100,000

At 31 March 2024

2,100,000

2,100,000

Amortisation

At 1 April 2023

946,250

946,250

Amortisation charge

135,000

135,000

At 31 March 2024

1,081,250

1,081,250

Carrying amount

At 31 March 2024

1,018,750

1,018,750

At 31 March 2023

1,153,750

1,153,750

5

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

160,353

160,353

Additions

138,804

138,804

Disposals

(23,186)

(23,186)

At 31 March 2024

275,971

275,971

Depreciation

At 1 April 2023

73,906

73,906

Charge for the year

36,206

36,206

Eliminated on disposal

(23,186)

(23,186)

At 31 March 2024

86,926

86,926

Carrying amount

At 31 March 2024

189,045

189,045

At 31 March 2023

86,447

86,447

 

Roger Hannah Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

3

3

Subsidiaries

£

Cost or valuation

At 1 April 2023

3

Provision

Carrying amount

At 31 March 2024

3

At 31 March 2023

3

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Stockport Insulation and Storage Co Limited

The Business Centre
Houldsworth Mill
Reddish
Stockport

Ordinary

100%

100%

 

England and Wales

     

Auction House North West Commercial Limited

The Pavilion Covell Cross
Church Street
Lancaster

Ordinary

50%

50%

 

England and Wales

     

Subsidiary undertakings

Stockport Insulation and Storage Co Limited

The principal activity of Stockport Insulation and Storage Co Limited is storage and distribution of insulation materials.

Auction House North West Commercial Limited

The principal activity of Auction House North West Commercial Limited is that of commercial property auctioneer.

 

Roger Hannah Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

7

Debtors

Current

2024
£

2023
£

Trade Debtors

1,005,987

870,819

Prepayments

339,019

333,016

Other debtors

51,030

40,517

 

1,396,036

1,244,352

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

70,000

70,000

Trade Creditors

 

397,309

112,805

Taxation and social security

 

542,780

418,809

Accruals and deferred income

 

395,422

375,541

Other creditors

 

594,637

687,903

 

2,000,148

1,665,058

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

81,667

151,667

Other non-current financial liabilities

 

300,000

300,000

 

381,667

451,667

 

Roger Hannah Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

81,667

151,667

2024
£

2023
£

Current loans and borrowings

Bank borrowings

70,000

70,000

 

Roger Hannah Ltd

Notes to the Financial Statements for the Year Ended 31 March 2024

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the balance sheet is £720,000 (2023 - £91,406).

11

Related party transactions

At the year end the company owed STC Family Investments Limited, Mr S.J Cooper, Mr N O'Brien, Ms A Juszczyk, Mr J.M Harrison and Mr T J Shepherd £592,000 by way of unpaid dividends. These dividends have a payment date of 30 June 2024. This balance is included within other creditors.

In addition at the year end, Mr S D Cook owed the company £6,953 (2023- £4,620), Mr S J Cooper owed the company £19,690 (2023- £15,456), Mr N O'Brien owed the company £4,567 (2023- £3,598), Ms A Juszczyk owed the company £263 (2023- £263), Mr J M Harrison owed the company £2,973 (2023- £4,620) and Mr T J Shepherd owed the company £16,584 (2023- £11,955). These amounts are included within other debtors.