Registered number
03040539
H R Supplies Limited
Unaudited Filleted Abridged Accounts
31 March 2024
H R Supplies Limited
Registered number: 03040539
Abridged Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,379 1,839
Investments 4 2,245,475 2,230,475
2,246,854 2,232,314
Current assets
Debtors 545,345 110,335
Cash at bank and in hand 7,559 3,433
552,904 113,768
Creditors: amounts falling due within one year (135,899) (83,974)
Net current assets 417,005 29,794
Total assets less current liabilities 2,663,859 2,262,108
Creditors: amounts falling due after more than one year (1,116,870) (741,106)
Provisions for liabilities (158,006) (117,321)
Net assets 1,388,983 1,403,681
Capital and reserves
Called up share capital 100 100
Fair value reserve 716,554 742,243
Profit and loss account 672,329 661,338
Shareholders' funds 1,388,983 1,403,681
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
R Kaufman
Director
Approved by the board on 19 November 2024
H R Supplies Limited
Notes to the Abridged Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rents receivable, commissions receivable as well as income from the supply of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the fair value reserve.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Total
£
Cost
At 1 April 2023 8,590
At 31 March 2024 8,590
Depreciation
At 1 April 2023 6,751
Charge for the year 460
At 31 March 2024 7,211
Net book value
At 31 March 2024 1,379
At 31 March 2023 1,839
4 Investments
Other
investments
£
Cost/valuation
At 1 April 2023 2,230,475
Revaluation 15,000
At 31 March 2024 2,245,475
Historical cost
At 1 April 2023 1,371,259
At 31 March 2024 1,371,259
At the balance sheet date, the company held investment properties which had a total book value of £2,440,475. A proportion of these properties with a valuation of £195,000 was held upon trust for third parties. The amount shown in the balance sheet of £2,245,475 represents the portion attributable to the company.

A professional valuation of certain land and buildings was carried out by external valuers, Lambert Smith Hampton, Chartered Surveyors, in January 2024. The remaining investment properties were valued by the director. The director is of the opinion that these valuations combine to provide a fair reflection of the valuation of the land and buildings at 31 March 2024.
5 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 1,194,550 780,561
The company's bank loans are secured by a fixed and floating charge over all assets of the company and a first legal charge over the freehold property owned by the company.
6 Controlling party
The company is controlled by its director and immediate family.
7 Other information
H R Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 Cambridge Terrace
Gateshead
Tyne and Wear
NE8 1RP
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