0 false false false false false false false false false false true false false false false true true No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,851 2,425 485 2,910 1,941 2,426 628,723 628,723 628,723 xbrli:pure xbrli:shares iso4217:GBP 11505345 2023-09-01 2024-08-31 11505345 2024-08-31 11505345 2023-08-31 11505345 2022-09-01 2023-08-31 11505345 2023-08-31 11505345 2022-08-31 11505345 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 11505345 bus:Director1 2023-09-01 2024-08-31 11505345 bus:Director2 2023-09-01 2024-08-31 11505345 core:WithinOneYear 2024-08-31 11505345 core:WithinOneYear 2023-08-31 11505345 core:FurnitureFittings 2023-08-31 11505345 core:FurnitureFittings 2024-08-31 11505345 core:AfterOneYear 2024-08-31 11505345 core:AfterOneYear 2023-08-31 11505345 core:ShareCapital 2024-08-31 11505345 core:ShareCapital 2023-08-31 11505345 core:RetainedEarningsAccumulatedLosses 2024-08-31 11505345 core:RetainedEarningsAccumulatedLosses 2023-08-31 11505345 core:FurnitureFittings 2023-09-01 2024-08-31 11505345 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 11505345 core:Non-currentFinancialInstruments 2024-08-31 11505345 core:Non-currentFinancialInstruments 2023-08-31 11505345 core:FurnitureFittings 2023-08-31 11505345 bus:Director1 2023-08-31 11505345 bus:Director1 2024-08-31 11505345 bus:Director2 2023-08-31 11505345 bus:Director2 2024-08-31 11505345 bus:Director1 2022-08-31 11505345 bus:Director1 2023-08-31 11505345 bus:Director2 2022-08-31 11505345 bus:Director2 2023-08-31 11505345 bus:Director1 2022-09-01 2023-08-31 11505345 bus:Director2 2022-09-01 2023-08-31 11505345 bus:SmallEntities 2023-09-01 2024-08-31 11505345 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11505345 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11505345 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11505345 bus:FullAccounts 2023-09-01 2024-08-31 11505345 bus:OrdinaryShareClass1 2024-08-31 11505345 bus:OrdinaryShareClass1 2023-08-31
COMPANY REGISTRATION NUMBER: 11505345
Hogarth Estates Limited
Filleted Unaudited Financial Statements
31 August 2024
Hogarth Estates Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
1,941
2,426
Investments
6
628,723
628,723
---------
---------
630,664
631,149
Current assets
Cash at bank and in hand
789
2,714
Creditors: amounts falling due within one year
7
5,604
4,208
-------
-------
Net current liabilities
4,815
1,494
---------
---------
Total assets less current liabilities
625,849
629,655
Creditors: amounts falling due after more than one year
8
596,402
608,868
---------
---------
Net assets
29,447
20,787
---------
---------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
29,347
20,687
--------
--------
Shareholders funds
29,447
20,787
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Hogarth Estates Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Mr A Hogarth
Mrs H Hogarth
Director
Director
Company registration number: 11505345
Hogarth Estates Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3b Swallowfield Courtyard, Wolverhampton Road, Oldbury, West Midlands, B69 2JG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Average number of employees
The average number of employees for the year was nil (2023: nil)
5. Tangible assets
Fixtures and fittings
£
Cost
At 1 September 2023 and 31 August 2024
4,851
-------
Depreciation
At 1 September 2023
2,425
Charge for the year
485
-------
At 31 August 2024
2,910
-------
Carrying amount
At 31 August 2024
1,941
-------
At 31 August 2023
2,426
-------
6. Investments
Other investments other than loans
£
Cost
At 1 September 2023 and 31 August 2024
628,723
---------
Impairment
At 1 September 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
628,723
---------
At 31 August 2023
628,723
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
3,135
3,148
Corporation tax
2,469
1,060
-------
-------
5,604
4,208
-------
-------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Director loan accounts
596,402
608,868
---------
---------
9. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Hogarth
( 292,456)
( 1,572)
15,500
( 278,528)
Mrs H Hogarth
( 316,412)
( 2,071)
609
( 317,874)
---------
-------
--------
---------
( 608,868)
( 3,643)
16,109
( 596,402)
---------
-------
--------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr A Hogarth
( 288,752)
( 29,424)
25,720
( 292,456)
Mrs H Hogarth
( 325,412)
( 1,000)
10,000
( 316,412)
---------
--------
--------
---------
( 614,164)
( 30,424)
35,720
( 608,868)
---------
--------
--------
---------