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Registered number: 00480231
Hatcher Brothers Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00480231
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,956,799 5,508,560
6,956,799 5,508,560
CURRENT ASSETS
Debtors 5 308,268 239,891
Cash at bank and in hand 1,572,299 1,512,126
1,880,567 1,752,017
Creditors: Amounts Falling Due Within One Year 6 (369,925 ) (357,147 )
NET CURRENT ASSETS (LIABILITIES) 1,510,642 1,394,870
TOTAL ASSETS LESS CURRENT LIABILITIES 8,467,441 6,903,430
Creditors: Amounts Falling Due After More Than One Year 7 (271,176 ) (299,685 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,411,876 ) (1,049,713 )
NET ASSETS 6,784,389 5,554,032
CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Fair value reserve 10 4,235,629 3,149,142
Profit and Loss Account 2,546,760 2,402,890
SHAREHOLDERS' FUNDS 6,784,389 5,554,032
Page 1
Page 2
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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Hatcher
Director
21/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Hatcher Brothers Limited Registered number 00480231 is a limited by shares company incorporated in England & Wales. The Registered Office is C/O CHF, First Floor, 139 Marvels Lane, London, SE12 9PP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises rental income and proceeds from the sale of properties net of value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Over 4 years
Fixtures & Fittings Over 10 years
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 3
2 3
Page 3
Page 4
4. Tangible Assets
Investment Properties Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 May 2023 5,507,550 2,062 11,497 5,521,109
Revaluation 1,448,650 - - 1,448,650
As at 30 April 2024 6,956,200 2,062 11,497 6,969,759
Depreciation
As at 1 May 2023 - 1,052 11,497 12,549
Provided during the period - 411 - 411
As at 30 April 2024 - 1,463 11,497 12,960
Net Book Value
As at 30 April 2024 6,956,200 599 - 6,956,799
As at 1 May 2023 5,507,550 1,010 - 5,508,560
The investment properties are shown at their revalued amounts. If the investment properties had not been revalued they would have been included at their historical cost of £1,308,695 (2023: £1,308,695).
The investment properties were valued on a fair value basis on 30 April 2024 by the directors.
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 10,517 2,541
Hatcher Investments Limited 100,939 101,038
Keralia Properties Limited 196,812 136,312
308,268 239,891
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 26,400 26,400
Corporation tax 33,181 23,835
VAT 7,911 7,349
Tristan Investments Limited 15,615 -
Accruals and deferred income 107,841 88,972
Directors' loan accounts 178,977 210,591
369,925 357,147
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 271,176 299,685
Page 4
Page 5
8. Deferred Taxation
The provision for deferred taxation is made up of the fair value gains on investment properties.
2024 2023
£ £
Other timing differences 1,411,876 1,049,713
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,000 2,000
10. Reserves
Fair Value Reserve
£
As at 1 May 2023 3,149,142
Movements in fair value reserve 1,448,650
Transfer to profit and loss (362,163 )
As at 30 April 2024 4,235,629
11. Controlling Party
The ultimate controlling party is David Hatcher.
Page 5