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Company Registration No. 08537554 (England and Wales)
Hurrell Homes Limited Unaudited accounts for the year ended 31 March 2024
Hurrell Homes Limited Unaudited accounts Contents
Page
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Hurrell Homes Limited Company Information for the year ended 31 March 2024
Directors
Mr T Hurrell Mrs E F Hurrell
Secretary
Mrs E F Hurrell
Company Number
08537554 (England and Wales)
Registered Office
1 Hunters Lane Hartford Northwich Cheshire CW8 2ZL
Accountants
Ruth Elliott & Co 50 Park Lane Hartford Northwich Cheshire CW8 1PY
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Hurrell Homes Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hurrell Homes Limited for the year ended 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Hurrell Homes Limited, as a body, in accordance with the terms of our engagement letter dated 23 July 2023. Our work has been undertaken solely to prepare for your approval the accounts of Hurrell Homes Limited and state those matters that we have agreed to state to the Board of Directors of Hurrell Homes Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hurrell Homes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hurrell Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hurrell Homes Limited. You consider that Hurrell Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hurrell Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ruth Elliott & Co Chartered Accountants 50 Park Lane Hartford Northwich Cheshire CW8 1PY 12 November 2024
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Hurrell Homes Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,748 
- 
Investment property
1,354,000 
1,354,000 
1,356,748 
1,354,000 
Current assets
Debtors
1,336 
- 
Cash at bank and in hand
10,229 
11,389 
11,565 
11,389 
Creditors: amounts falling due within one year
(705,041)
(704,081)
Net current liabilities
(693,476)
(692,692)
Total assets less current liabilities
663,272 
661,308 
Provisions for liabilities
Deferred tax
(79,558)
(79,558)
Net assets
583,714 
581,750 
Capital and reserves
Called up share capital
1,000 
1,000 
Fair value reserve
522,119 
522,119 
Profit and loss account
60,595 
58,631 
Shareholders' funds
583,714 
581,750 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
Mr T Hurrell Director Company Registration No. 08537554
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Hurrell Homes Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Hurrell Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 08537554. The registered office is 1 Hunters Lane, Hartford, Northwich, Cheshire, CW8 2ZL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The fair value reserve
The fair value reserve represents the cumulative net change in the fair value of investment property. This reserve ring fences profits that are non-distributable.
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Hurrell Homes Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,658 
Additions
2,942 
At 31 March 2024
4,600 
Depreciation
At 1 April 2023
1,658 
Charge for the year
194 
At 31 March 2024
1,852 
Net book value
At 31 March 2024
2,748 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
1,354,000 
At 31 March 2024
1,354,000 
Investment properties are stated at fair value as determined by the directors. The fair value of the property portfolio is based upon external valuations and is inherently subjective. The fair value represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation. In determining the fair value of investment properties, the directors make use of historical and current market data as well as existing lease agreements.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,336 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
23 
228 
Other creditors
3,095 
3,097 
Loans from directors
701,113 
699,946 
Accruals
810 
810 
705,041 
704,081 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
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Hurrell Homes Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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