9 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 48,916 4,802 53,718 39,754 5,294 45,048 8,670 9,162 1,635 1,635 1,635 xbrli:pure xbrli:shares iso4217:GBP 00492768 2023-05-01 2024-04-30 00492768 2024-04-30 00492768 2023-04-30 00492768 2022-05-01 2023-04-30 00492768 2023-04-30 00492768 2022-04-30 00492768 core:FurnitureFittings 2023-05-01 2024-04-30 00492768 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 00492768 bus:Director9 2023-05-01 2024-04-30 00492768 bus:Director12 2023-05-01 2024-04-30 00492768 core:WithinOneYear 2024-04-30 00492768 core:WithinOneYear 2023-04-30 00492768 core:FurnitureFittings 2023-04-30 00492768 core:FurnitureFittings 2024-04-30 00492768 core:ShareCapital 2024-04-30 00492768 core:ShareCapital 2023-04-30 00492768 core:SharePremium 2024-04-30 00492768 core:SharePremium 2023-04-30 00492768 core:CapitalRedemptionReserve 2024-04-30 00492768 core:CapitalRedemptionReserve 2023-04-30 00492768 core:OtherReservesSubtotal 2024-04-30 00492768 core:OtherReservesSubtotal 2023-04-30 00492768 core:RetainedEarningsAccumulatedLosses 2024-04-30 00492768 core:RetainedEarningsAccumulatedLosses 2023-04-30 00492768 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 00492768 core:Non-currentFinancialInstruments 2024-04-30 00492768 core:Non-currentFinancialInstruments 2023-04-30 00492768 core:FurnitureFittings 2023-04-30 00492768 bus:SmallEntities 2023-05-01 2024-04-30 00492768 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 00492768 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 00492768 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00492768 bus:FullAccounts 2023-05-01 2024-04-30 00492768 bus:OrdinaryShareClass1 2024-04-30 00492768 bus:OrdinaryShareClass1 2023-04-30
COMPANY REGISTRATION NUMBER: 00492768
R. J. Hurst & Partners Limited
Filleted Unaudited Financial Statements
30 April 2024
R. J. Hurst & Partners Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
R. J. Hurst & Partners Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
8,670
9,162
Investments
6
1,635
1,635
--------
--------
10,305
10,797
Current assets
Debtors
7
1,730,152
1,780,729
Cash at bank and in hand
21,670
54,997
------------
------------
1,751,822
1,835,726
Creditors: amounts falling due within one year
8
35,854
28,048
------------
------------
Net current assets
1,715,968
1,807,678
------------
------------
Total assets less current liabilities
1,726,273
1,818,475
Provisions
1,941
1,465
------------
------------
Net assets
1,724,332
1,817,010
------------
------------
Capital and reserves
Called up share capital
9
5,463
5,463
Share premium account
92,038
92,038
Capital redemption reserve
3,119
3,119
Other reserves
307
307
Profit and loss account
1,623,405
1,716,083
------------
------------
Shareholders funds
1,724,332
1,817,010
------------
------------
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 income and retained earnings 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
R. J. Hurst & Partners Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 19 December 2024 , and are signed on behalf of the board by:
S A Smith
R H McEwen
Director
Director
Company registration number: 00492768
R. J. Hurst & Partners Limited
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 14 Crusader Business Park, Stephenson Road West, Clacton-on-Sea, Essex, CO15 4TN.
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.
Revenue recognition
Turnover shown in the profit and loss account represents commission and fees accounted for on a receivable basis.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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:
Fixtures and fittings
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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.
Provisions
Provisions are recognised in the accounts where the company has a present obligation as a result of a past event, where it is possible that there will be a transfer of economic benefits to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 9 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 May 2023
48,916
48,916
Additions
4,802
4,802
--------
--------
At 30 April 2024
53,718
53,718
--------
--------
Depreciation
At 1 May 2023
39,754
39,754
Charge for the year
5,294
5,294
--------
--------
At 30 April 2024
45,048
45,048
--------
--------
Carrying amount
At 30 April 2024
8,670
8,670
--------
--------
At 30 April 2023
9,162
9,162
--------
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 May 2023 and 30 April 2024
1,635
-------
Impairment
At 1 May 2023 and 30 April 2024
-------
Carrying amount
At 30 April 2024
1,635
-------
At 30 April 2023
1,635
-------
7. Debtors
2024
2023
£
£
Amounts owed by group undertakings
1,720,283
1,770,441
Prepayments and accrued income
9,869
10,288
------------
------------
1,730,152
1,780,729
------------
------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,216
874
Accruals and deferred income
23,099
20,629
Other creditors
7,539
6,545
--------
--------
35,854
28,048
--------
--------
9. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary shares of £ 0.10 each
100,000
10,000
100,000
10,000
---------
--------
---------
--------
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 0.10 each
54,625
5,463
54,625
5,463
--------
-------
--------
-------
10. Related party transactions
The company is a wholly owned subsidiary of GRS (2018) Ltd and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with GRS (2018) Ltd or other wholly owned subsidiaries within the group. Included within the transaction value is management charges received and paid.
11. Controlling party
The ultimate parent company is GRS (2018) Ltd.