02366509falsethe ownership and management of guesthouses2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/cd:Director12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:MotorCars2023-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-07-012024-06-30http://www.companieshouse.gov.uk/pt:MotorCars2024-06-30http://www.companieshouse.gov.uk/pt:NetGoodwill2024-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-06-30http://www.companieshouse.gov.uk/pt:NetGoodwill2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FRS1022023-07-012024-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2023-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2024-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02366509

Hoveblend Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Allan G Hill & Partners
Chenies
Okewood Hill
Dorking
Surrey
RH5 5NB

Hoveblend Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
C D N Smith
REGISTERED OFFICE
Chenies
Okewood Hill
Dorking
Surrey
RH5 5NB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02366509
ACCOUNTANTS
Allan G Hill & Partners
Chenies
Okewood Hill
Dorking
Surrey
RH5 5NB

Hoveblend Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Hoveblend Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,157,5001,113,029
Investment Assets4350,000350,000
1,507,5001,463,029
CURRENT ASSETS
Stock2,0002,000
Debtors63,7943,799
Cash at bank and in hand64,31389,825
70,10795,624
CREDITORS: Amounts falling due within one year7223,846236,848
NET CURRENT LIABILITIES(153,739)(141,224)
TOTAL ASSETS LESS CURRENT LIABILITIES1,353,7611,321,805
CREDITORS: Amounts falling due after more than one year81,029,652967,629
PROVISIONS FOR LIABILITIES AND CHARGES111,0911,418
NET ASSETS323,018352,758
CAPITAL AND RESERVES
Called up share capital121,1001,100
Profit and loss account321,918351,658
SHAREHOLDERS' FUNDS323,018352,758
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/11/2024 and signed on their behalf by
.............................
C D N Smith
Director

Hoveblend Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 25%
Equipmentstraight line 33%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
1e. Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1989, has been fully amortised.
1f. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

Hoveblend Limited

1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/202337,00037,000
At 30/06/202437,00037,000
Depreciation
At 01/07/202337,00037,000
At 30/06/202437,00037,000
Net Book Amounts
At 30/06/2024--
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryEquipmentMotor CarsTotal
£££££
Cost
At 01/07/20231,027,74837,5576,054106,8761,178,235
Additions-1,850-128,710130,560
Disposals---(63,286)(63,286)
At 30/06/20241,027,74839,4076,054172,3001,245,509
Depreciation
At 01/07/2023-24,6022,01838,58665,206
Disposals---(27,688)(27,688)
For the year-8,1222,01840,35150,491
At 30/06/2024-32,7244,03651,24988,009
Net Book Amounts
At 30/06/20241,027,7486,6832,018121,0511,157,500
At 30/06/20231,027,74812,9554,03668,2901,113,029
Motor vehicles are held under a finance lease.

Hoveblend Limited

4. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/07/2023350,000350,000
At 30/06/2024350,000350,000
Amortisation
Net Book Amounts
At 30/06/2024350,000350,000
At 30/06/2023350,000350,000
5. STOCK 20242023
££
Stock comprises:
Stock2,0002,000
2,0002,000
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,0591,183
Prepayments2,7352,616
3,7943,799
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax15,82214,388
VAT48,38052,857
PAYE control4,8735,755
Directors current account75,67073,183
Bank Loan24,11334,022
Hire purchase16,02816,171
Other creditors38,96040,472
223,846236,848

Hoveblend Limited

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr895,578905,778
Hire purchase >1yr134,07461,851
1,029,652967,629
Other creditors are obligations under finance leases.
9. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured919,691939,800
Amount of other creditors which are secured150,10278,022
The bank overdraft and loan are secured by First Legal Charges on the freehold properties of the company known as The Corner House Hotel, 77 Massetts Road, Horley. The bank has granted the company a capital repayment holiday on the loan, this is to be reviewed annually. The hire purchase is secured on the asset to which it relates.
10. EMPLOYEES
20242023
No.No.
Average number of employees3332
11. PROVISIONS FOR LIABILITIES 20242023
££
Pensions1,0911,152
Deferred taxation-266
1,0911,418

Hoveblend Limited

12. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
100 Ordinary A shares of £1 each100100
1,1001,100
13. OTHER FINANCIAL COMMITMENTS
At 30/06/2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating Leases which expire:
Within one year15,30015,300
14. CONTROLLING PARTY
The company was controlled by its director, Mr C D N Smith, by virtue of the fact that he owns all of the company's ordinary share capital.