IRIS Accounts Production v25.1.0.734 05874715 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058747152023-12-31058747152024-12-31058747152024-01-012024-12-31058747152022-12-31058747152023-01-012023-12-31058747152023-12-3105874715ns15:EnglandWales2024-01-012024-12-3105874715ns14:PoundSterling2024-01-012024-12-3105874715ns10:Director12024-01-012024-12-3105874715ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105874715ns10:SmallEntities2024-01-012024-12-3105874715ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3105874715ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105874715ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105874715ns10:FullAccounts2024-01-012024-12-310587471512024-01-012024-12-3105874715ns10:Director22024-01-012024-12-3105874715ns10:CompanySecretary12024-01-012024-12-3105874715ns10:RegisteredOffice2024-01-012024-12-3105874715ns5:CurrentFinancialInstruments2024-12-3105874715ns5:CurrentFinancialInstruments2023-12-3105874715ns5:Non-currentFinancialInstruments2024-12-3105874715ns5:Non-currentFinancialInstruments2023-12-3105874715ns5:ShareCapital2024-12-3105874715ns5:ShareCapital2023-12-3105874715ns5:RetainedEarningsAccumulatedLosses2024-12-3105874715ns5:RetainedEarningsAccumulatedLosses2023-12-3105874715ns5:NetGoodwill2024-01-012024-12-3105874715ns5:LeaseholdImprovements2024-01-012024-12-3105874715ns5:PlantMachinery2024-01-012024-12-3105874715ns5:FurnitureFittings2024-01-012024-12-3105874715ns5:MotorVehicles2024-01-012024-12-3105874715ns5:ComputerEquipment2024-01-012024-12-3105874715ns5:NetGoodwill2023-12-3105874715ns5:NetGoodwill2024-12-3105874715ns5:NetGoodwill2023-12-3105874715ns5:LeaseholdImprovements2023-12-3105874715ns5:PlantMachinery2023-12-3105874715ns5:FurnitureFittings2023-12-3105874715ns5:LeaseholdImprovements2024-12-3105874715ns5:PlantMachinery2024-12-3105874715ns5:FurnitureFittings2024-12-3105874715ns5:LeaseholdImprovements2023-12-3105874715ns5:PlantMachinery2023-12-3105874715ns5:FurnitureFittings2023-12-3105874715ns5:MotorVehicles2023-12-3105874715ns5:ComputerEquipment2023-12-3105874715ns5:MotorVehicles2024-12-3105874715ns5:ComputerEquipment2024-12-3105874715ns5:MotorVehicles2023-12-3105874715ns5:ComputerEquipment2023-12-3105874715ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3105874715ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 05874715 (England and Wales)












HINGSTONS ANTIQUES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






HINGSTONS ANTIQUES LIMITED (REGISTERED NUMBER: 05874715)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HINGSTONS ANTIQUES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: N T Hingston
Mrs L C Hingston





SECRETARY: Mrs L C Hingston





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 05874715 (England and Wales)

HINGSTONS ANTIQUES LIMITED (REGISTERED NUMBER: 05874715)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,587 1,665
53,587 1,665

CURRENT ASSETS
Stocks 260,000 246,750
Debtors 6 3,755 2,150
Cash at bank and in hand 314,866 315,182
578,621 564,082
CREDITORS
Amounts falling due within one year 7 (128,932 ) (135,941 )
NET CURRENT ASSETS 449,689 428,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,276

429,806

CREDITORS
Amounts falling due after more than one
year

8

(41,619

)

-

PROVISIONS FOR LIABILITIES (13,397 ) (798 )
NET ASSETS 448,260 429,008

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 448,160 428,908
SHAREHOLDERS' FUNDS 448,260 429,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HINGSTONS ANTIQUES LIMITED (REGISTERED NUMBER: 05874715)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





N T Hingston - Director


HINGSTONS ANTIQUES LIMITED (REGISTERED NUMBER: 05874715)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Hingstons Antiques Limited 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Goodwill has been fully amortised at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over 5 years
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 25% Reducing balance
Computer equipment - Straight line over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HINGSTONS ANTIQUES LIMITED (REGISTERED NUMBER: 05874715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2024
and 31 December 2024 75,000
AMORTISATION
At 1 January 2024
and 31 December 2024 75,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

HINGSTONS ANTIQUES LIMITED (REGISTERED NUMBER: 05874715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 January 2024 6,816 5,424 4,999
Additions - - -
At 31 December 2024 6,816 5,424 4,999
DEPRECIATION
At 1 January 2024 6,816 5,424 4,999
Charge for year - - -
At 31 December 2024 6,816 5,424 4,999
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 January 2024 19,573 4,122 40,934
Additions 54,196 - 54,196
At 31 December 2024 73,769 4,122 95,130
DEPRECIATION
At 1 January 2024 17,908 4,122 39,269
Charge for year 2,274 - 2,274
At 31 December 2024 20,182 4,122 41,543
NET BOOK VALUE
At 31 December 2024 53,587 - 53,587
At 31 December 2023 1,665 - 1,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,950 2,150
Other debtors 1,805 -
3,755 2,150

HINGSTONS ANTIQUES LIMITED (REGISTERED NUMBER: 05874715)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 1,897 -
Trade creditors 6,115 -
Taxation and social security 15,867 45,736
Other creditors 105,053 90,205
128,932 135,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 41,619 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 43,516 -

Hire purchase contracts are secured upon the assets to which they relate.