0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03757577 2023-05-01 2024-04-30 03757577 2024-04-30 03757577 2023-04-30 03757577 2022-05-01 2023-04-30 03757577 2023-04-30 03757577 2022-04-30 03757577 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03757577 core:PlantMachinery 2023-05-01 2024-04-30 03757577 core:FurnitureFittings 2023-05-01 2024-04-30 03757577 core:MotorVehicles 2023-05-01 2024-04-30 03757577 bus:Director1 2023-05-01 2024-04-30 03757577 core:LandBuildings 2023-04-30 03757577 core:PlantMachinery 2023-04-30 03757577 core:FurnitureFittings 2023-04-30 03757577 core:MotorVehicles 2023-04-30 03757577 core:LandBuildings 2024-04-30 03757577 core:PlantMachinery 2024-04-30 03757577 core:FurnitureFittings 2024-04-30 03757577 core:MotorVehicles 2024-04-30 03757577 core:LandBuildings 2023-05-01 2024-04-30 03757577 core:WithinOneYear 2024-04-30 03757577 core:WithinOneYear 2023-04-30 03757577 core:ShareCapital 2024-04-30 03757577 core:ShareCapital 2023-04-30 03757577 core:RetainedEarningsAccumulatedLosses 2024-04-30 03757577 core:RetainedEarningsAccumulatedLosses 2023-04-30 03757577 core:LandBuildings 2023-04-30 03757577 bus:SmallEntities 2023-05-01 2024-04-30 03757577 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03757577 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03757577 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03757577 bus:FullAccounts 2023-05-01 2024-04-30 03757577 core:OfficeEquipment 2023-05-01 2024-04-30 03757577 core:OfficeEquipment 2023-04-30 03757577 core:OfficeEquipment 2024-04-30 03757577 core:EntitiesControlledByKeyManagementPersonnel 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 03757577
HRA & Co Ltd
Filleted Unaudited Financial Statements
30 April 2024
HRA & Co Ltd
Balance Sheet
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
240,729
36,102
Current assets
Debtors
5
127,948
132,348
Cash at bank and in hand
15,931
181,511
---------
---------
143,879
313,859
Creditors: amounts falling due within one year
6
67,163
64,936
---------
---------
Net current assets
76,716
248,923
---------
---------
Total assets less current liabilities
317,445
285,025
---------
---------
Net assets
317,445
285,025
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
317,443
285,023
---------
---------
Shareholders funds
317,445
285,025
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HRA & Co Ltd
Balance Sheet (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 23 December 2024 , and are signed on behalf of the board by:
Mr S J Rutter
Director
Company registration number: 03757577
HRA & Co Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hill Top Farm, Windmill Lane, Preston on the Hill, Warrington, WA4 4AZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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. There are no material judgements, estimates or assumptions
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable in respect of services provided during the year, exclusive of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
2% straight line
Plant & machinery
-
25% straight line
Fixtures & fittings
-
20% straight line
Motor vehicles
-
25% straight line
Office equipment
-
25% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a 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. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 May 2023
36,822
20,145
2,664
11,204
3,621
74,456
Additions
201,922
6,000
207,922
---------
--------
-------
--------
-------
---------
At 30 Apr 2024
238,744
20,145
2,664
17,204
3,621
282,378
---------
--------
-------
--------
-------
---------
Depreciation
At 1 May 2023
720
20,145
2,664
11,204
3,621
38,354
Charge for the year
1,795
1,500
3,295
---------
--------
-------
--------
-------
---------
At 30 Apr 2024
2,515
20,145
2,664
12,704
3,621
41,649
---------
--------
-------
--------
-------
---------
Carrying amount
At 30 Apr 2024
236,229
4,500
240,729
---------
--------
-------
--------
-------
---------
At 30 Apr 2023
36,102
36,102
---------
--------
-------
--------
-------
---------
During the year the company purchased an investment property, for rental, at a total cost, including incidental costs of purchase, £176,730. The market valuation at 30 April 2024 is not materially different to the total cost.
5. Debtors
2024
2023
£
£
Other debtors
127,948
132,348
---------
---------
Other debtors £132,348 represents amounts owed by related parties which the director does not expect to be received before 30 April 2024.
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
67,163
64,936
--------
--------
7. Director's advances, credits and guarantees
During the year the director advanced a further £2,226 to the company, in respect of his loan. As at 30 April 2024 £66,370 (2023 £64,134) was owed to the director and will be repaid before 30 April 2025.
8. Related party transactions
As at 30 April 2024, £127,948 (2022 £132,348) was still owed from E-Scape Electric Riding Zones Ltd, a company under common control, in respect of work performed for the company. The director does not expect this debt to be repaid before 30 April 2025 .
9. Reserves
The only movements in reserves during the year were in respect of the profit for the year and dividends paid. All of the reserves are distributable.