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REGISTERED NUMBER: 04811183 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HOGTON LTD

HOGTON LTD (REGISTERED NUMBER: 04811183)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOGTON LTD

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTORS: Mr P McCullough
Mr G Swallow





SECRETARY: Mr G Swallow





REGISTERED OFFICE: 2nd Floor, Tickford Arcade
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 0EX





REGISTERED NUMBER: 04811183 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

HOGTON LTD (REGISTERED NUMBER: 04811183)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 863,347 863,347

CURRENT ASSETS
Debtors 5 65,202 56,968
Cash at bank 6,442 12,232
71,644 69,200
CREDITORS
Amounts falling due within one year 6 256,096 254,029
NET CURRENT LIABILITIES (184,452 ) (184,829 )
TOTAL ASSETS LESS CURRENT LIABILITIES 678,895 678,518

CREDITORS
Amounts falling due after more than one
year

7

540,387

516,684
NET ASSETS 138,508 161,834

CAPITAL AND RESERVES
Called up share capital 8 42 42
Retained earnings 138,466 161,792
SHAREHOLDERS' FUNDS 138,508 161,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:



Mr P McCullough - Director


HOGTON LTD (REGISTERED NUMBER: 04811183)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Hogton Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis although the balance sheet displayed a negative net current liabilities at the balance sheet date. The directors have confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Freehold property
It is the company policy not to provide depreciation on freehold and long leasehold premises. The premises are maintained to a high standard and the directors consider that the residual values, based on prices prevailing at the time of acquisition are such that depreciation is not significant.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

HOGTON LTD (REGISTERED NUMBER: 04811183)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 July 2023
and 30 June 2024 863,347
NET BOOK VALUE
At 30 June 2024 863,347
At 30 June 2023 863,347

Included in cost of land and buildings is freehold land of £ 825,000 (2023 - £ 825,000 ) which is not depreciated.

In the opinion of the directors the land and buildings should remain at its cost value. Valuation is being obtained but delays have occured due to tenancy fluctuations, revaluation is being obtained as soon as possible..

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,202 56,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,807 74,547
Taxation and social security 17,551 21,075
Other creditors 220,738 158,407
256,096 254,029

The bank loan is secured by a legal charge over the property, being, Tickford Arcade, St. Johns
Street, Newport Pagnell, Bucks, MK16 0EX and a personal guarantee given by each director.

Other creditors in notes 6 & 7 include a sum of £131,242 ( 2023: £145,226) owed to a company, First County finance (UK) Limited, controlled by the director Mr Peter McCullough.and £180,674 (2022 £165,707) owed to a company Fultons Limited Ltd Controlled by the director Gary Swallow.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 275,230 251,527
Other creditors 265,157 265,157
540,387 516,684

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 79,631 55,928

HOGTON LTD (REGISTERED NUMBER: 04811183)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

See note 6 in respect of the bank loan, and creditor of more than 5 years.

Other Loans are from the directors of the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
42 Ordinary £1 42 42