Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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293,584 | 269,216 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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122,688 | 194,224 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 57,735 | 125,723 | ||
Total assets less current liabilities | 351,319 | 394,939 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Fair value reserve |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Hine & Parsons Drapery Limited (registered number:
Mr D R Houghton
Director |
Mr P D Houghton
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Hine & Parsons Drapery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Listed investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 01 September 2023 |
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Additions |
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Movement in fair value |
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At 31 August 2024 |
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Carrying value at 31 August 2024 |
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Carrying value at 31 August 2023 |
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2024 | 2023 | ||
£ | £ | ||
Corporation tax |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Other creditors |
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Transactions with the entity's directors
2024 | 2023 | ||
£ | £ | ||
During the year one of the directors maintained an interest free loan with the company which is repayable on demand. At the balance sheet the amount due to the director was | 57,899 | 57,899 |