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REGISTERED NUMBER: 02721379 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

HOBDEN COMMERCIAL LIMITED

HOBDEN COMMERCIAL LIMITED (REGISTERED NUMBER: 02721379)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOBDEN COMMERCIAL LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: D J Hobden





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 02721379 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

HOBDEN COMMERCIAL LIMITED (REGISTERED NUMBER: 02721379)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,721 2,020

CURRENT ASSETS
Debtors 5 87,625 60,332
Cash at bank and in hand 102,296 139,920
189,921 200,252
CREDITORS
Amounts falling due within one year 6 (16,075 ) (31,347 )
NET CURRENT ASSETS 173,846 168,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,567

170,925

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 175,565 170,923
175,567 170,925

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:





D J Hobden - Director


HOBDEN COMMERCIAL LIMITED (REGISTERED NUMBER: 02721379)

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

1. STATUTORY INFORMATION

Hobden Commercial 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Turnover represents the fair value of consideration received or receivable net of VAT commission on property management is recognised on an accruals basis.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Fixtures, fittings and equipment-15% reducing balance
Office equipment-33% straight line

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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 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.

HOBDEN COMMERCIAL LIMITED (REGISTERED NUMBER: 02721379)

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

2. ACCOUNTING POLICIES - continued

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective interest method, less any impairment.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 819 4,276 5,095
DEPRECIATION
At 1 April 2023 819 2,256 3,075
Charge for year - 299 299
At 31 March 2024 819 2,555 3,374
NET BOOK VALUE
At 31 March 2024 - 1,721 1,721
At 31 March 2023 - 2,020 2,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,275 48,398
Other debtors 12,350 11,934
87,625 60,332

HOBDEN COMMERCIAL LIMITED (REGISTERED NUMBER: 02721379)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,159 411
Other creditors 14,916 30,936
16,075 31,347

7. RELATED PARTY DISCLOSURES

Russex Limited
At 31 March 2024, £12,350 (2023: £24,474 was owed to) was due from Russex Limited, a company under common control. The loan was interest free, unsecured and is repayable on demand.

Hobden Property Limited
At 31 March 2024, £5,000 (2023: £11,934 was due from) was due to Hobden Property Limited, a company under common control. The loan was interest free, unsecured and repayable on demand.