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Company No: 03525159 (England and Wales)

HINE & PARSONS DRAPERY LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

HINE & PARSONS DRAPERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

HINE & PARSONS DRAPERY LIMITED

BALANCE SHEET

As at 31 August 2024
HINE & PARSONS DRAPERY LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 293,584 269,216
293,584 269,216
Current assets
Debtors 4 2,022 32,887
Cash at bank and in hand 120,666 161,337
122,688 194,224
Creditors: amounts falling due within one year 5 ( 64,953) ( 68,501)
Net current assets 57,735 125,723
Total assets less current liabilities 351,319 394,939
Net assets 351,319 394,939
Capital and reserves
Called-up share capital 2,000 2,000
Fair value reserve 18,197 ( 5,784 )
Profit and loss account 331,122 398,723
Total shareholders' funds 351,319 394,939

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 03525159) were approved and authorised for issue by the Board of Directors on 09 April 2025. They were signed on its behalf by:

Mr D R Houghton
Director
Mr P D Houghton
Director
HINE & PARSONS DRAPERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
HINE & PARSONS DRAPERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

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.

General information and basis of accounting

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 £.

Taxation

Current tax
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.

Fixed asset investments

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 3

3. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 September 2023 269,216 269,216
Additions 6,005 6,005
Movement in fair value 18,363 18,363
At 31 August 2024 293,584 293,584
Carrying value at 31 August 2024 293,584 293,584
Carrying value at 31 August 2023 269,216 269,216

4. Debtors

2024 2023
£ £
Corporation tax 2,022 2,022
Other debtors 0 30,865
2,022 32,887

5. Creditors: amounts falling due within one year

2024 2023
£ £
Other creditors 64,953 68,501

6. Related party transactions

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