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REGISTERED NUMBER: 00613979 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ALAN HUDSON LIMITED

ALAN HUDSON LIMITED (REGISTERED NUMBER: 00613979)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALAN HUDSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: D W Ball
S G Layton
P A Seeley


SECRETARY: D W Ball


REGISTERED OFFICE: Bevis Lane
Wisbech St Mary
Wisbech
Cambridgeshire
PE13 4RR


REGISTERED NUMBER: 00613979 (England and Wales)


SENIOR STATUTORY AUDITOR: Robert Booty ACA FCCA CTA


AUDITORS: Wheelers
Chartered Accountants, Tax Consultants
& Statutory Auditors
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE


BANKERS: Barclays Bank PLC


SOLICITORS: Fraser Dawbarns LLP
1 - 3 York Row
Wisbech
Cambridgeshire
PE13 1EA

ALAN HUDSON LIMITED (REGISTERED NUMBER: 00613979)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 569,796 694,835

CURRENT ASSETS
Stocks 5 259,379 254,879
Debtors 6 72,722 83,500
Cash at bank and in hand 380,621 578,771
712,722 917,150
CREDITORS
Amounts falling due within one year 7 101,665 145,731
NET CURRENT ASSETS 611,057 771,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,180,853

1,466,254

CREDITORS
Amounts falling due after more than one
year

8

40,000

40,000
NET ASSETS 1,140,853 1,426,254

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,130,853 1,416,254
SHAREHOLDERS' FUNDS 1,140,853 1,426,254

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 20 February 2025 and were signed on its behalf by:





P A Seeley - Director


ALAN HUDSON LIMITED (REGISTERED NUMBER: 00613979)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Alan Hudson 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents invoiced sales of goods, excluding value added tax and is attributable to the company's one continuing activity within the United Kingdom only. Revenue is recognised when the risks and rewards of ownership are transferred, usually at the point of despatch.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such costs include costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value of each asset on a systematic basis over its expected useful life as follows:

Orchard20-40 years Straight line
Leasehold property improvements10 years Straight line
Renewable energy equipment20% Reducing balance
Tractors, plant and machinery20-25% Reducing balance
Office equipment20-33% Reducing balance
Motor vehicles25% Reducing balance

Tangible fixed assets are not depreciated until the asset is available for use.

The carrying values of tangible fixed assets are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable, and are written down immediately to their recoverable amount.

An item of tangible fixed assets is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the profit and loss account when the asset is derecognised.

The residual values, useful lives and methods of depreciation of tangible fixed assets are reviewed at each financial year end and adjusted prospectively, if appropriate.

Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.


ALAN HUDSON LIMITED (REGISTERED NUMBER: 00613979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
Taxation
The company is a wholly owned subsidiary of a charity registered in the United Kingdom. It is the company's policy that an amount equal to the taxable profits are distributed to the parent charity by way of gift aid within nine months of the year end. As a result no current tax charges or deferred tax charges are likely to result in a payment of taxation.

Any amounts that are not considered to be relieved by the gift aid payment will be recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Any taxation recognised is calculated at the amount of tax payable using tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are expected not to be fully relieved by gift aid payments.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 18 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Long
leasehold Tractors,
property plant and
Orchards improvements machinery
£    £    £   
COST
At 1 August 2023 152,852 362,955 2,322,727
Additions - - 5,225
Disposals - - -
At 31 July 2024 152,852 362,955 2,327,952
DEPRECIATION
At 1 August 2023 16,878 274,133 1,874,025
Charge for year 4,575 15,516 94,761
Eliminated on disposal - - -
At 31 July 2024 21,453 289,649 1,968,786
NET BOOK VALUE
At 31 July 2024 131,399 73,306 359,166
At 31 July 2023 135,974 88,822 448,702

ALAN HUDSON LIMITED (REGISTERED NUMBER: 00613979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS - continued

Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 August 2023 4,794 52,685 2,896,013
Additions 2,475 - 7,700
Disposals (1,332 ) (34,435 ) (35,767 )
At 31 July 2024 5,937 18,250 2,867,946
DEPRECIATION
At 1 August 2023 3,164 32,978 2,201,178
Charge for year 540 993 116,385
Eliminated on disposal (715 ) (18,698 ) (19,413 )
At 31 July 2024 2,989 15,273 2,298,150
NET BOOK VALUE
At 31 July 2024 2,948 2,977 569,796
At 31 July 2023 1,630 19,707 694,835

5. STOCKS
31.7.24 31.7.23
£    £   
Raw materials 55,866 35,468
Work-in-progress 203,513 219,411
259,379 254,879

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 31,201
Other debtors 45,777 19,425
VAT receivable 3,140 11,579
Prepayments and accrued income 23,805 21,295
72,722 83,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 12,058 37,189
Social security and other taxes 6,890 11,342
Accruals and deferred income 82,717 97,200
101,665 145,731

ALAN HUDSON LIMITED (REGISTERED NUMBER: 00613979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other loans (see note 9) 40,000 40,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 40,000 40,000

9. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans 40,000 40,000

During the year ending 31 July 2020, the parent charity, The Hudson Foundation, loaned the company £40,000. The loan is charged interest at 3% above the base rate annually in arrears on 31st July and is secured by a fixed and floating charge over the assets of the company.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Booty ACA FCCA CTA (Senior Statutory Auditor)
for and on behalf of Wheelers

11. OTHER FINANCIAL COMMITMENTS

The company is in occupation of land and buildings owned by the parent charity under an oral periodic agricultural holdings act tenancy and two farm business tenancies. The annual rent payable for the occupation of the land and buildings is £33,500. The tenancies continue indefinitely unless action is taken by either the landlord or tenant to bring them to an end.

12. POST BALANCE SHEET EVENTS

Following the year end, £161,237 of the taxable profit will be distributed to the parent charity as a gift aid payment. This payment has reduced the potential corporation tax liability for the year.

13. ULTIMATE PARENT UNDERTAKING

The directors consider the ultimate parent is The Hudson Foundation, an unincorporated charity registered in England & Wales. The principal address of the charity is 1-3 York Row, Wisbech, Cambridgeshire, PE13 1EA.