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REGISTERED NUMBER: 04610664 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GEORGE HEPBURN LIMITED

GEORGE HEPBURN LIMITED (REGISTERED NUMBER: 04610664)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


GEORGE HEPBURN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: G Hepburn
G J Hepburn





SECRETARY: Mrs. K Hepburn





REGISTERED OFFICE: Traquair
Etal Road, Tweedmouth
Berwick Upon Tweed
Northumberland
TD15 2DU





REGISTERED NUMBER: 04610664 (England and Wales)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GEORGE HEPBURN LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 George Hepburn Limited for the year ended 31 January 2024 which comprise the Profit and Loss, Balance Sheet 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 Board of Directors of George Hepburn Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of George Hepburn Limited and state those matters that we have agreed to state to the Board of Directors of George Hepburn Limited, as a body, 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 George Hepburn Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that George Hepburn Limited 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 profit of George Hepburn Limited. You consider that George Hepburn Limited 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 George Hepburn Limited. 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.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


10 October 2024

GEORGE HEPBURN LIMITED (REGISTERED NUMBER: 04610664)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 374,739 413,243
Investment property 5 945,000 945,000
1,319,739 1,358,243

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 127,580 208,546
Cash at bank 1,689,309 1,461,712
1,818,889 1,672,258
CREDITORS
Amounts falling due within one year 7 353,785 366,956
NET CURRENT ASSETS 1,465,104 1,305,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,784,843

2,663,545

PROVISIONS FOR LIABILITIES 112,796 122,058
NET ASSETS 2,672,047 2,541,487

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 8 183,263 183,263
Retained earnings 2,488,781 2,358,221
SHAREHOLDERS' FUNDS 2,672,047 2,541,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GEORGE HEPBURN LIMITED (REGISTERED NUMBER: 04610664)

BALANCE SHEET - continued
31 JANUARY 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





G J Hepburn - Director


GEORGE HEPBURN LIMITED (REGISTERED NUMBER: 04610664)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

George Hepburn 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 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.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

GEORGE HEPBURN LIMITED (REGISTERED NUMBER: 04610664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 February 2023 102,596 460,174 2,059 145,253 710,082
Additions - 22,806 - - 22,806
Disposals - (15,000 ) - - (15,000 )
At 31 January 2024 102,596 467,980 2,059 145,253 717,888
DEPRECIATION
At 1 February 2023 27,587 184,284 2,039 82,929 296,839
Charge for year 1,452 42,179 20 15,585 59,236
Eliminated on disposal - (12,926 ) - - (12,926 )
At 31 January 2024 29,039 213,537 2,059 98,514 343,149
NET BOOK VALUE
At 31 January 2024 73,557 254,443 - 46,739 374,739
At 31 January 2023 75,009 275,890 20 62,324 413,243

Cost or valuation at 31 January 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost 102,596 467,980 2,059 145,253 717,888

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 945,000
NET BOOK VALUE
At 31 January 2024 945,000
At 31 January 2023 945,000

GEORGE HEPBURN LIMITED (REGISTERED NUMBER: 04610664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2017 15,000
Valuation in 2023 150,000
Cost 780,000
945,000

Investment properties were valued on an open market basis on 31 January 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 99,172 178,746
Amounts recoverable on contract 28,408 29,800
127,580 208,546

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Hire purchase contracts 208 1,458
Trade creditors 13,657 76,966
Taxation and social security 88,434 101,568
Other creditors 251,486 186,964
353,785 366,956

8. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 183,263