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REGISTERED NUMBER: 00443963 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 31 March 2024

for

A.G.Hedges Limited

A.G.Hedges Limited (Registered number: 00443963)

Contents of the Financial Statements
for the Period 1 May 2023 to 31 March 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


A.G.Hedges Limited (Registered number: 00443963)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 630,000 630,000

CURRENT ASSETS
Debtors 5 6,677 4,568
Cash at bank 565,245 537,106
571,922 541,674
CREDITORS
Amounts falling due within one year 6 516,640 494,574
NET CURRENT ASSETS 55,282 47,100
TOTAL ASSETS LESS CURRENT LIABILITIES 685,282 677,100

PROVISIONS FOR LIABILITIES 31,902 33,948
NET ASSETS 653,380 643,152

CAPITAL AND RESERVES
Share capital 59,000 59,000
Retained earnings 594,380 584,152
653,380 643,152

A.G.Hedges Limited (Registered number: 00443963)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





Mr A G H Dart - Director


A.G.Hedges Limited (Registered number: 00443963)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 March 2024


1. STATUTORY INFORMATION

A.G.Hedges Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00443963

Registered office: Fulscot Farm Office
Didcot
Oxfordshire
OX11 9AA

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.

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.

Financial instruments
Classification
The company holds the following financial instruments:

Short term debtors and creditors;
Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement
The company has elected to apply the provisions FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

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


A.G.Hedges Limited (Registered number: 00443963)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 March 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 31 March 2024 630,000
NET BOOK VALUE
At 31 March 2024 630,000
At 30 April 2023 630,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 630,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 510,557 510,557

Investment property was valued on an open market basis on 31 March 2024 by the Directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,677 4,210
Prepayments and accrued income - 358
6,677 4,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 24,104 2,490
A G Hedges (Farms) Limited 489,491 476,684
Accruals and deferred income 3,045 15,400
516,640 494,574