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REGISTERED NUMBER: 11787493 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

HOCREST LIMITED

HOCREST LIMITED (REGISTERED NUMBER: 11787493)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOCREST LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr M Hackett
Mrs T Hackett
Mr G Morris
Michaelandtaniahackett Limited
Gembo Limited





REGISTERED OFFICE: Thb (Surrey) Limited 1 & 2 Studley Court
Sudley Court
Guildford Road
Chobham
GU24 8EB





REGISTERED NUMBER: 11787493 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

HOCREST LIMITED (REGISTERED NUMBER: 11787493)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 361,015 178,000
Tangible assets 5 2,482 2,941
363,497 180,941

CURRENT ASSETS
Debtors 6 91,204 81,080
Cash at bank and in hand 83,719 33,841
174,923 114,921
CREDITORS
Amounts falling due within one year 7 329,257 143,921
NET CURRENT LIABILITIES (154,334 ) (29,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,163

151,941

CREDITORS
Amounts falling due after more than one
year

8

64,894

94,117
NET ASSETS 144,269 57,824

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 144,267 57,822
SHAREHOLDERS' FUNDS 144,269 57,824

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.

HOCREST LIMITED (REGISTERED NUMBER: 11787493)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mr G Morris - Director


HOCREST LIMITED (REGISTERED NUMBER: 11787493)

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

1. STATUTORY INFORMATION

Hocrest 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020 & 2023.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer and equipment - 25% reducing balance method

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 87 (2023 - 54 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023 178,000
Additions 183,015
At 31 January 2024 361,015
NET BOOK VALUE
At 31 January 2024 361,015
At 31 January 2023 178,000

HOCREST LIMITED (REGISTERED NUMBER: 11787493)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 5,455
Additions 560
At 31 January 2024 6,015
DEPRECIATION
At 1 February 2023 2,514
Charge for year 1,019
At 31 January 2024 3,533
NET BOOK VALUE
At 31 January 2024 2,482
At 31 January 2023 2,941

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 88,065 76,834
Rent deposit 780 780
Bluebird care Hocrest deposit - 3,000
Prepayments and accrued income 2,359 466
91,204 81,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 29,333 29,333
Trade creditors 5,755 10,080
Tax 26,044 13,649
Social security and other taxes 13,212 4,183
Net wages 46,744 16,673
Intercompany -
MichaelandTaniaHackett Ltd 11,897 32,116
Intercompany - Gembo Ltd 17,543 30,386
HSBC Loan - Aylesbury purchase 148,231 -
Directors' current accounts 6,353 3,336
Accrued expenses 24,145 4,165
329,257 143,921

HOCREST LIMITED (REGISTERED NUMBER: 11787493)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans - 1-2 years 49,944 69,277
Bounce back loan over 1yr 14,950 24,840
64,894 94,117

9. SECURED DEBTS

The following secured debts are included within creditors:

31/1/24 31/1/23
£    £   
HSBC UK Bank PLC 136,500 136,500

The company has a loan agreements with HSBC UK Bank PLC, a company incorporated in England under the Companies Act of England and Wales.
Form of charge filed at the Land Registry under ref. MD1557A.

Contains floating charge(s) (floating charge covers all the property or undertaking of the company).
Contains negative pledge.

The charge to HSBC UK Bank PLC over the company was dated 4th June 2019.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 February 2023 57,822
Profit for the year 86,445
At 31 January 2024 144,267

12. RELATED PARTY DISCLOSURES

At the end of the year company owed an amount £6,353 (2023 :£3,336 ) to the directors.