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COMPANY REGISTRATION NUMBER: 09212823
The Admiral Hornblower Limited
Filleted Unaudited Financial Statements
30 March 2024
The Admiral Hornblower Limited
Statement of Financial Position
30 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
175,187
175,061
Current assets
Stocks
1,800
13,059
Debtors
6
217,104
217,508
Cash at bank and in hand
373
1,430
---------
---------
219,277
231,997
Creditors: amounts falling due within one year
7
613,100
466,107
---------
---------
Net current liabilities
393,823
234,110
---------
---------
Total assets less current liabilities
( 218,636)
( 59,049)
Creditors: amounts falling due after more than one year
8
21,667
31,667
---------
--------
Net liabilities
( 240,303)
( 90,716)
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 240,403)
( 90,816)
---------
--------
Shareholders deficit
( 240,303)
( 90,716)
---------
--------
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 comprehensive income has not been delivered.
For the year ending 30 March 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 .
The Admiral Hornblower Limited
Statement of Financial Position (continued)
30 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 March 2025 , and are signed on behalf of the board by:
Mr C Crawford
Mrs C Crawford
Director
Director
Mrs C Maulik
Mr J Crawford
Director
Director
Company registration number: 09212823
The Admiral Hornblower Limited
Notes to the Financial Statements
Year ended 30 March 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 64 High Street, Oakham, Rutland, LE15 6AS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, Small Entities of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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:
Plant and Machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
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. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 31 March 2023
159,787
23,475
71,555
623
255,440
Additions
4,519
4,519
---------
--------
--------
----
---------
At 30 March 2024
159,787
23,475
76,074
623
259,959
---------
--------
--------
----
---------
Depreciation
At 31 March 2023
21,581
58,439
359
80,379
Charge for the year
473
3,858
62
4,393
---------
--------
--------
----
---------
At 30 March 2024
22,054
62,297
421
84,772
---------
--------
--------
----
---------
Carrying amount
At 30 March 2024
159,787
1,421
13,777
202
175,187
---------
--------
--------
----
---------
At 30 March 2023
159,787
1,894
13,116
264
175,061
---------
--------
--------
----
---------
6. Debtors
2024
2023
£
£
Other debtors
217,104
217,508
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
16,016
20,227
Trade creditors
211,993
220,934
Corporation tax
7,822
14,465
Social security and other taxes
7,015
18,484
Other creditors
370,254
191,997
---------
---------
613,100
466,107
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
21,667
31,667
--------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr C Crawford
53,175
( 12)
53,163
Mrs C Crawford
53,174
( 13)
53,161
Mrs C Maulik
14,601
14,601
Mr J Crawford
28,365
( 46)
28,319
---------
----
---------
149,315
( 71)
149,244
---------
----
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr C Crawford
53,638
( 463)
53,175
Mrs C Crawford
53,638
( 464)
53,174
Mrs C Maulik
15,776
( 1,175)
14,601
Mr J Crawford
29,859
( 1,494)
28,365
---------
-------
---------
152,911
( 3,596)
149,315
---------
-------
---------
10. Controlling party
The company is controlled by the directors of the company.