Hitherbury Limited 01324103 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of an investment company Digita Accounts Production Advanced 6.30.9574.0 true 01324103 2023-04-01 2024-03-31 01324103 2024-03-31 01324103 core:OtherReservesSubtotal 2024-03-31 01324103 core:RetainedEarningsAccumulatedLosses 2024-03-31 01324103 core:ShareCapital 2024-03-31 01324103 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 01324103 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01324103 bus:SmallEntities 2023-04-01 2024-03-31 01324103 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01324103 bus:FullAccounts 2023-04-01 2024-03-31 01324103 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01324103 bus:RegisteredOffice 2023-04-01 2024-03-31 01324103 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 01324103 bus:Director1 2023-04-01 2024-03-31 01324103 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01324103 bus:Agent1 2023-04-01 2024-03-31 01324103 countries:England 2023-04-01 2024-03-31 01324103 2022-04-01 2023-03-31 01324103 2023-03-31 01324103 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 01324103 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 01324103

Hitherbury Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Hitherbury Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Hitherbury Limited

Company Information

Directors

Mrs E A Chafer

Mrs S J Room

Company secretary

Mrs S J Room

Registered office

26 South St. Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW

Bankers

Cater Allen Private Bank
9 Nelson Street
Bradford
BD1 5AN

 

Hitherbury Limited

(Registration number: 01324103)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

337,355

311,941

Current assets

 

Debtors

5

8,811

5,597

Cash at bank and in hand

 

4,166

9,745

 

12,977

15,342

Creditors: Amounts falling due within one year

6

(2,793)

(2,463)

Net current assets

 

10,184

12,879

Total assets less current liabilities

 

347,539

324,820

Provisions for liabilities: Deferred tax

(19,241)

(12,923)

Net assets

 

328,298

311,897

Capital and reserves

 

Called up share capital

100

100

Fair value reserve

69,386

73,972

Profit and loss account

258,812

237,825

Total equity

 

328,298

311,897

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 Profit and Loss Account.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:

.........................................

Mrs E A Chafer

Director

.........................................

Mrs S J Room

Company secretary and director

 

Hitherbury Limited

Notes to the Unaudited 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:
26 South St. Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW

These financial statements were authorised for issue by the Board on 30 October 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements cover the individual entity, have been prepared in sterling and are rounded to the nearest pound.

Tax

The tax expense for the period comprises 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.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous accounting periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Hitherbury Limited

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

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.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 2).

4

Investments

Investments at fair value through profit and loss
£

Valuation

At 1 April 2023

311,941

Fair value adjustments

34,585

Additions

79,645

Disposals

(88,816)

At 31 March 2024

337,355

Carrying amount

At 31 March 2024

337,355

At 31 March 2023

311,941

Listed investments

The fair value of the listed investments has been determined by using the market value of the investment provided by the stockbroker at the year end.
The fair value is £337,355 (2023 - £311,941) and the change in value included in profit or loss is £34,585 (2023 - £(16,658).

5

Debtors

Current

2024
£

2023
£

Other debtors

8,811

5,597

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals

2,793

2,463