REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
Neil Hudgell Holdings Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
Neil Hudgell Holdings Ltd |
Neil Hudgell Holdings Ltd (Registered number: 09352908) |
Contents of the Financial Statements |
for the year ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Neil Hudgell Holdings Ltd |
Company Information |
for the year ended 31 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
& Statutory Auditors |
St George's Court |
Winnington Avenue |
Northwich |
Cheshire |
CW8 4EE |
Neil Hudgell Holdings Ltd (Registered number: 09352908) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
(Unaudited) |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Neil Hudgell Holdings Ltd (Registered number: 09352908) |
Notes to the Financial Statements |
for the year ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Neil Hudgell Holdings Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
The financial statements have been prepared on a going concern basis under the historical cost convention in accordance with the Companies Act 2006. |
The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. |
The company is exempt by virtue of section 383 of the Companies Act from the requirement to prepare consolidated financial statements. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Share capital |
Ordinary shares are classed as equity. |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement. |
Dividends |
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Neil Hudgell Holdings Ltd (Registered number: 09352908) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2023 |
Disposals | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: No 2 At The Dock, 46 Humber Street, Hull, East Riding, England, HU1 1TU |
Nature of business: |
% |
Class of shares: | holding |
Registered office: No 2 At The Dock, 46 Humber Street, Hull, East Riding, England, HU1 1TU |
Nature of business: |
% |
Class of shares: | holding |
Registered office: No 2 At The Dock, 46 Humber Street, Hull, East Riding, England, HU1 1TU |
Nature of business: |
% |
Class of shares: | holding |
On 8 December 2023 Neil Hudgell Ltd, owned by Neil Hudgell Holdings Ltd, was demerged from the group as part of a restructure to facilitate the sale of Neil Hudgell Ltd to an EOT. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
(Unaudited) |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
(Unaudited) |
£ | £ |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
Neil Hudgell Holdings Ltd (Registered number: 09352908) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2024 |
8. | ULTIMATE CONTROLLING PARTY |
Up until 8 December 2023 Neil Hudgell Group Limited was regarded by the director as being the company's ultimate parent company. The registered address is No 2 @ The Dock, 46 Humber Street, Hull, HU1 1TU. Following a group reorganisation dated 8 December 2023, the company's ultimate parent company became Hudgell Property Holdings Limited. The immediate parent continues to be Neil Hudgell Group Limited. |
The ultimate controlling party is N Hudgell. |