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HURST PARK AUTOMOBILES (W.R.) LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Hurst Park Automobiles (W.R.) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is disclosed on the company information page of these financial statements. There is no trading address.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The company ceased trading on 31 January 2022, the company will be supported by its directors and shareholders to assist in paying all outstanding liabilities at which point the company will become fully dormant.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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