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REGISTERED NUMBER: 04499347 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HOBDEN & SON LIMITED

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOBDEN & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N K Hobden
S D Hobden
M C Stone





SECRETARY: W E Hobden





REGISTERED OFFICE: Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 04499347 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 926,761 747,427
Investments 6 - 100
Investment property 7 282,776 282,776
1,209,537 1,030,303

CURRENT ASSETS
Stocks 2,925 2,925
Debtors 8 114,260 133,730
Cash at bank and in hand 438,210 350,937
555,395 487,592
CREDITORS
Amounts falling due within one year 9 283,798 267,113
NET CURRENT ASSETS 271,597 220,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,481,134

1,250,782

CREDITORS
Amounts falling due after more than
one year

10

(521,873

)

(351,829

)

PROVISIONS FOR LIABILITIES 12 (19,644 ) (19,252 )
NET ASSETS 939,617 879,701

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

BALANCE SHEET - continued
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 13 200 200
Retained earnings 939,417 879,501
SHAREHOLDERS' FUNDS 939,617 879,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





S D Hobden - Director


HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Hobden & Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was being amortised over 20 years. However, to conform with the latest guidance, this has been reduced to 5 years with the remaining balance at the 30 April 2012 being written off over the next 5 years and therefore has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - 5% on cost
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 150,000
AMORTISATION
At 1 May 2023
and 30 April 2024 150,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvem
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 May 2023 573,590 16,000 68,611
Additions 225,000 - -
At 30 April 2024 798,590 16,000 68,611
DEPRECIATION
At 1 May 2023 36,791 8,352 19,786
Charge for year 14,847 800 3,431
At 30 April 2024 51,638 9,152 23,217
NET BOOK VALUE
At 30 April 2024 746,952 6,848 45,394
At 30 April 2023 536,799 7,648 48,825

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 129,485 487,869 1,275,555
Additions 4,184 11,750 240,934
At 30 April 2024 133,669 499,619 1,516,489
DEPRECIATION
At 1 May 2023 114,960 348,239 528,128
Charge for year 4,677 37,845 61,600
At 30 April 2024 119,637 386,084 589,728
NET BOOK VALUE
At 30 April 2024 14,032 113,535 926,761
At 30 April 2023 14,525 139,630 747,427

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
At 1 May 2023 100
Disposals (100 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 100

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 282,776
NET BOOK VALUE
At 30 April 2024 282,776
At 30 April 2023 282,776

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 108,230 125,400
Other debtors 6,030 8,330
114,260 133,730

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 29,956 28,944
Trade creditors 17,230 9,082
Taxation and social security 100,595 58,812
Other creditors 136,017 170,275
283,798 267,113

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 71,873 101,829
Other creditors 450,000 250,000
521,873 351,829

HOBDEN & SON LIMITED (REGISTERED NUMBER: 04499347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 3,711 3,711
Between one and five years 7,112 10,824
10,823 14,535

12. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 19,644 19,252

Deferred
tax
£   
Balance at 1 May 2023 19,252
Reversal of timing differences 392
Balance at 30 April 2024 19,644

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
70 Ordinary A £1 70 70
60 Ordinary B £1 60 60
70 Ordinary C £1 70 70
200 200

14. RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet date, the company owed its directors £578,523 (2023: £367,370).

15. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.