Registered number
06091096
Hitchcopse Ltd
Unaudited Filleted Accounts
30 June 2024
Hitchcopse Ltd
Registered number: 06091096
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 88,546 106,693
Current assets
Debtors 4 194,393 188,731
Investments held as current assets 5 243,604 220,574
Cash at bank and in hand 244,250 302,244
682,247 711,549
Creditors: amounts falling due within one year 6 (20,436) (91,218)
Net current assets 661,811 620,331
Net assets 750,357 727,024
Capital and reserves
Called up share capital 1 1
Profit and loss account 750,356 727,023
Shareholder's funds 750,357 727,024
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Andrew Evan Maitland James
Director
Approved by the board on 25 March 2025
Hitchcopse Ltd
Notes to the Accounts
for the year ended 30 June 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings straight line over the length of the lease
Plant and machinery 33% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Leasehold land
£
Cost
At 1 July 2023 284,284
At 30 June 2024 284,284
Depreciation
At 1 July 2023 177,591
Charge for the year 18,147
At 30 June 2024 195,738
Net book value
At 30 June 2024 88,546
At 30 June 2023 106,693
4 Debtors 2024 2023
£ £
Other debtors 194,393 188,731
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 243,604 220,574
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 23,030 14,686
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 18,937 26,796
Other creditors 1,499 64,422
20,436 91,218
7 Other information
Hitchcopse Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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