Hooe's Yurts Limited 14776964 false 2023-04-01 2024-04-30 2024-04-30 The principal activity of the company is renting and leasing of recreational goods. Digita Accounts Production Advanced 6.30.9574.0 true true 14776964 2023-04-01 2024-04-30 14776964 2024-04-30 14776964 core:CurrentFinancialInstruments 2024-04-30 14776964 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14776964 core:MotorVehicles 2024-04-30 14776964 core:PlantMachinery 2024-04-30 14776964 bus:SmallEntities 2023-04-01 2024-04-30 14776964 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-04-30 14776964 bus:FilletedAccounts 2023-04-01 2024-04-30 14776964 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-04-30 14776964 bus:RegisteredOffice 2023-04-01 2024-04-30 14776964 bus:Director1 2023-04-01 2024-04-30 14776964 bus:Director2 2023-04-01 2024-04-30 14776964 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-04-30 14776964 core:MotorVehicles 2023-04-01 2024-04-30 14776964 core:PlantMachinery 2023-04-01 2024-04-30 14776964 core:Vehicles 2023-04-01 2024-04-30 14776964 countries:EnglandWales 2023-04-01 2024-04-30 iso4217:GBP xbrli:pure

Registration number: 14776964

Hooe's Yurts Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 30 April 2024

 

Hooe's Yurts Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Hooe's Yurts Limited

(Registration number: 14776964)
Statement of Financial Position as at 30 April 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

28,544

Current assets

 

Debtors

5

104,871

Cash at bank and in hand

 

44,115

 

148,986

Creditors: Amounts falling due within one year

6

(127,467)

Net current assets

 

21,519

Net assets

 

50,063

Capital and reserves

 

Called up share capital

100

Profit and loss account

49,963

Shareholders' funds

 

50,063

For the financial period ending 30 April 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 period 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 3 January 2025 and signed on its behalf by:
 

 

Hooe's Yurts Limited

(Registration number: 14776964)
Statement of Financial Position as at 30 April 2024 (continued)


Mrs Amy Tamsin Elizabeth Worthington Dugmore
Director


Mr Max Nicholas Paul Worthington Dugmore
Director

 

Hooe's Yurts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Clokes Hill
Watergate
Okehampton
Devon
EX20 4EX

Principal activity

The principal activity of the company is renting and leasing of recreational goods.

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 are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Hooe's Yurts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 April 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% straight line

Motor Vehicles

12.5% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

 

Hooe's Yurts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 April 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Hooe's Yurts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 April 2024 (continued)

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

745

31,857

32,602

At 30 April 2024

745

31,857

32,602

Depreciation

Charge for the period

75

3,983

4,058

At 30 April 2024

75

3,983

4,058

Carrying amount

At 30 April 2024

670

27,874

28,544

5

Debtors

2024
£

Trade debtors

55,771

Other debtors

48,793

Prepayments

307

104,871

 

Hooe's Yurts Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 April 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

19,896

Accruals and deferred income

1,200

Other creditors

106,371

127,467

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.