Registered number
08047536
Hermitage (No. 1) Ltd
Filleted Accounts
30 April 2024
Hermitage (No. 1) Ltd
Registered number: 08047536
Balance Sheet
As at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 481,144 481,144
Current assets
Debtors 4 1,000 1,000
Creditors: amounts falling due within one year 5 (482,044) (482,044)
Net current liabilities (481,044) (481,044)
Net assets 100 100
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (900) (900)
Shareholders' funds 100 100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P H Hogarth
Director
Approved by the board on 14 March 2025
Hermitage (No. 1) Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Other
investments
£
Cost
At 1 May 2023 481,144
At 30 April 2024 481,144
4 Debtors 2024 2023
£ £
Other debtors 1,000 1,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 482,044 482,044
6 Related party transactions
The company owes £481,144 (2023 - £481,144) to Rascasse Investments (PFS) Ltd and £900 (2023 - £900) to Hermitage Holdings (Wilmslow) Ltd, both are companies under common control. These loans are interest-free and repayable on demand. They are included within other creditors in these accounts.
7 Controlling party
The company is controlled by P H Hogarth and his wife, J A Hogarth, both directors.
8 Other information
Hermitage (No. 1) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Paradigm House
Brooke Court
Wilmslow
Cheshire
SK9 3ND
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