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REGISTERED NUMBER: 07910673 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

C B HESLOP AND COMPANY LIMITED

C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C B HESLOP AND COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 MAY 2024







DIRECTORS: S.J. Coke
N Rivers
R M Moore





SECRETARY: S.J. Coke





REGISTERED OFFICE: 1 High Street
Thatcham
Berks
RG19 3JG





REGISTERED NUMBER: 07910673 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 406,853 406,853
Tangible assets 5 16,864 17,885
Investments 6 12,003 12,003
435,720 436,741

CURRENT ASSETS
Stocks 45,512 131,201
Debtors 7 77,035 97,283
Cash at bank and in hand 81,282 96,507
203,829 324,991
CREDITORS
Amounts falling due within one year 8 142,714 173,315
NET CURRENT ASSETS 61,115 151,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,835

588,417

CREDITORS
Amounts falling due after more than one
year

9

303,918

349,936
NET ASSETS 192,917 238,481

CAPITAL AND RESERVES
Called up share capital 10 15,601 15,601
Share premium 11 66,364 66,364
Retained earnings 11 110,952 156,516
SHAREHOLDERS' FUNDS 192,917 238,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673)

BALANCE SHEET - continued
31 MAY 2024


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 February 2025 and were signed on its behalf by:





S.J. Coke - Director


C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MAY 2024

1. STATUTORY INFORMATION

C B Heslop and Company 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 represents fee income receivable for services rendered. Fee income is based on invoiced value, excluding vat and is adjusted for work in progress.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of accountancy practices, is being amortised over periods considered by the directors to be relevant to each acquisition and after consideration of ongoing residual value.

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.
Fixtures and fittings - 33% on reducing balance
Office equipment - 20% on reducing balance

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

Stocks
Work in progress represents the amount of unbillied client work stated at the lower of cost or net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively 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.

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.

C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MAY 2024

2. ACCOUNTING POLICIES - continued

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.

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 13 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 813,966
AMORTISATION
At 1 June 2023
and 31 May 2024 407,113
NET BOOK VALUE
At 31 May 2024 406,853
At 31 May 2023 406,853

Goodwill purchased with the original accountancy practice in 2013 is being amortised as considered appropriate, on the basis that the acquisition underpins a long term strategic plan, to develop the overall ongoing business. Any amortisation is considered having regard to impairment and ongoing residual value.

On 19th July 2019 the company acquired Heslops Associates Limited, bringing together the two offices of Heslops Chartered Accountants. The acquired assets have been revalued and hived up. Purchased Goodwill attributable to this acquisition is recognised in the company's balance sheet and is considered in line with the long term strategic plan and the overall ongoing value of the practice goodwill.

C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 22,298 47,930 70,228
DEPRECIATION
At 1 June 2023 6,866 45,477 52,343
Charge for year 107 914 1,021
At 31 May 2024 6,973 46,391 53,364
NET BOOK VALUE
At 31 May 2024 15,325 1,539 16,864
At 31 May 2023 15,432 2,453 17,885

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 3 12,000 12,003
NET BOOK VALUE
At 31 May 2024 3 12,000 12,003
At 31 May 2023 3 12,000 12,003

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Thatcham Registrars Limited
Registered office: 1 High Street, Thatcham, Berks., RG19 3JG.
Nature of business: Company Secretarial
%
Class of shares: holding
Ordinary 100.00
30.11.23 30.11.22
£    £   
Aggregate capital and reserves 333 2,406
(Loss)/profit for the year (2,073 ) 1,847

C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MAY 2024

6. FIXED ASSET INVESTMENTS - continued

Summit Office Services Limited
Registered office: 1 High Street, Thatcham, Berks., RG19 3JG.
Nature of business: Outsourced accounting
%
Class of shares: holding
Ordinary 100.00
30.11.23 30.11.22
£    £   
Aggregate capital and reserves 1 1

Heslops Associates Limited
Registered office: 1 High Street, Thatcham, Berks., RG19 3JG.
Nature of business: Chartered Accountants
%
Class of shares: holding
Ordinary 100.00
31.5.24 31.5.23
£    £   
Aggregate capital and reserves 1 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 74,683 87,931
Amounts owed by group undertakings 2,352 9,352
77,035 97,283

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 17,545 4,203
Taxation and social security 87,010 113,158
Other creditors 38,159 55,954
142,714 173,315

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 927 945
Other creditors 302,991 348,991
303,918 349,936

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 50,000 50,000

C B HESLOP AND COMPANY LIMITED (REGISTERED NUMBER: 07910673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MAY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
15,201 Ordinary £1 15,201 15,201
100 Ordinary S £1 100 100
100 Ordinary N £1 100 100
100 Ordinary R £1 100 100
100 Ordinary J £1 100 100
15,601 15,601

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 June 2023 156,516 66,364 222,880
Profit for the year 11,795 11,795
Dividends (57,359 ) (57,359 )
At 31 May 2024 110,952 66,364 177,316

12. ULTIMATE CONTROLLING PARTY

Control of the company is held by the board of directors.

13. LOANS

2024 2023

Less than 1
year

Over 1 year
Less than 1
year

Over 1 year
£    £    £    £   
Amounts outstanding in
respect of loans



Partnership capital C B Heslop 963 963
Goodwill acquisition S J Coke 15,221 54,000 20,621 100,000
Trustee for the
shareholders


188,991


188,991
Blueglobe Limited 50,000 50,000
Share acquisition J P R Prevost 0 24,759 0
Golby acquisition
retention


10,000


10,000
Dividends outstanding 0 0