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REGISTERED NUMBER: 00637427 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

A.Hemingway and Sons Limited

A.Hemingway and Sons Limited (Registered number: 00637427)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A.Hemingway and Sons Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: Adrian Hemingway
Andrew Hemingway
Roger Hemingway
Richard Vincent Hemingway





REGISTERED OFFICE: 419 Whitley Lane
Grenoside
Sheffield
South Yorkshire
S35 8RP





REGISTERED NUMBER: 00637427 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

A.Hemingway and Sons Limited (Registered number: 00637427)

Statement of Financial Position
31 January 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 330,143 434,588

CURRENT ASSETS
Debtors 5 29,721 76,774
Cash at bank 122,115 -
151,836 76,774
CREDITORS
Amounts falling due within one year 6 81,249 149,677
NET CURRENT ASSETS/(LIABILITIES) 70,587 (72,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,730

361,685

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Revaluation reserve 8 412,261 521,583
Retained earnings (17,531 ) (165,898 )
SHAREHOLDERS' FUNDS 400,730 361,685

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.

A.Hemingway and Sons Limited (Registered number: 00637427)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





Adrian Hemingway - Director


A.Hemingway and Sons Limited (Registered number: 00637427)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

A.Hemingway and Sons 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.

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 the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

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 reducing balance
Plant and machinery - 33% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

A.Hemingway and Sons Limited (Registered number: 00637427)

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 NIL (2023 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 February 2023 625,936 118,242 18,500 350 763,028
Additions 3,636 - - - 3,636
Disposals (131,194 ) (118,242 ) (18,500 ) - (267,936 )
At 31 January 2024 498,378 - - 350 498,728
DEPRECIATION
At 1 February 2023 204,416 105,906 17,768 350 328,440
Charge for year 6,664 1,703 239 - 8,606
Eliminated on disposal (42,845 ) (107,609 ) (18,007 ) - (168,461 )
At 31 January 2024 168,235 - - 350 168,585
NET BOOK VALUE
At 31 January 2024 330,143 - - - 330,143
At 31 January 2023 421,520 12,336 732 - 434,588

Cost or valuation at 31 January 2024 is represented by:

Freehold Computer
property equipment Totals
£    £    £   
Valuation in 1995 154,815 - 154,815
Valuation in 2007 276,988 - 276,988
Valuation in 2010 (19,542 ) - (19,542 )
Cost 86,117 350 86,467
498,378 350 498,728

A.Hemingway and Sons Limited (Registered number: 00637427)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 82,481 104,353
Aggregate depreciation 18,138 21,712

Value of land in freehold land and buildings 64,344 82,641

Freehold land and buildings were valued on an open market basis on 31 October 2010 by an independent valuation company .

The company has not adopted a formal policy of annual market value revaluations for its freehold property but wishes to continue to use and show the revaluation undertaken in 2010.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Directors' loan accounts 29,721 76,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 8 10,201
Trade creditors 9,776 9,662
Tax 69,818 100
Social security and other taxes - 255
VAT 327 327
Other creditors - 33,254
Directors' loan accounts - 94,558
Accruals and deferred income 1,320 1,320
81,249 149,677

A.Hemingway and Sons Limited (Registered number: 00637427)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank overdrafts 8 10,201

All bank loans and the bank overdraft facility are secured on the following assets:
* All book and other debts
* All assets, goodwill, undertaking and uncalled share capital both present and future.
* Freehold land known as 6.85 Acres SE of Whitely Lane, Ecclesia, Sheffield
* Land and Buildings lying SW of Whitely Lane, Grandsire, Sheffield
* Land known as 4.24 Acres at Whitely Lane, Grandsire, Sheffield
* Land known as 17 Acres lying to SE Whitely Lane, Sheffield

8. RESERVES
Revaluation
reserve
£   
At 1 February 2023 521,583
Property valuation - realised (109,322 )

At 31 January 2024 412,261

A.Hemingway and Sons Limited (Registered number: 00637427)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

9. RELATED PARTY DISCLOSURES


The following loans from directors subsided during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
Mr Adrian Hemingway
Balance outstanding at start of year 27,145 27,145
Amounts advanced 17,710 5,550
Amounts Repaid (42,253 ) (5,550 )
Balance outstanding at end of year 2,602 27,145

Mr Andrew Hemingway
Balance outstanding at start of year 43,479 52,479
Amounts advanced 11,818 0
Amounts Repaid (28,179 ) (9,000 )
Balance outstanding at end of year 27,118 43,479

Mr Roger Hemingway
Balance outstanding at start of year 6,149 6,149
Amounts advanced 20,212 0
Amounts Repaid (26,361 ) (0 )
Balance outstanding at end of year 0 6,149
Mr Richard Hemingway
Balance outstanding at start of year (94,558 ) (94,558 )
Amounts advanced 147,279 0
Amounts Repaid (52,721 ) (0 )
Balance outstanding at end of year 0 (94,558 )

No interest was charged in relation to the sums owed and no repayment date has been set.

10. ULTIMATE CONTROLLING PARTY

The company is not under the control of any one person or family.