2024-04-012025-03-312025-03-31false09601754HEDGES IP LIMITED2025-05-0169109falseiso4217:GBPxbrli:pure096017542024-04-01096017542025-03-31096017542024-04-012025-03-31096017542023-08-01096017542024-03-31096017542023-08-012024-03-3109601754bus:SmallEntities2024-04-012025-03-3109601754bus:AuditExempt-NoAccountantsReport2024-04-012025-03-3109601754bus:FullAccounts2024-04-012025-03-3109601754bus:PrivateLimitedCompanyLtd2024-04-012025-03-3109601754core:WithinOneYear2025-03-3109601754core:AfterOneYear2025-03-3109601754core:WithinOneYear2024-03-3109601754core:AfterOneYear2024-03-3109601754core:ShareCapital2025-03-3109601754core:SharePremium2025-03-3109601754core:RevaluationReserve2025-03-3109601754core:OtherReservesSubtotal2025-03-3109601754core:RetainedEarningsAccumulatedLosses2025-03-3109601754core:ShareCapital2024-03-3109601754core:SharePremium2024-03-3109601754core:RevaluationReserve2024-03-3109601754core:OtherReservesSubtotal2024-03-3109601754core:RetainedEarningsAccumulatedLosses2024-03-3109601754core:LandBuildings2025-03-3109601754core:PlantMachinery2025-03-3109601754core:Vehicles2025-03-3109601754core:FurnitureFittings2025-03-3109601754core:OfficeEquipment2025-03-3109601754core:NetGoodwill2025-03-3109601754core:IntangibleAssetsOtherThanGoodwill2025-03-3109601754core:ListedExchangeTraded2025-03-3109601754core:UnlistedNon-exchangeTraded2025-03-3109601754core:LandBuildings2024-03-3109601754core:PlantMachinery2024-03-3109601754core:Vehicles2024-03-3109601754core:FurnitureFittings2024-03-3109601754core:OfficeEquipment2024-03-3109601754core:NetGoodwill2024-03-3109601754core:IntangibleAssetsOtherThanGoodwill2024-03-3109601754core:ListedExchangeTraded2024-03-3109601754core:UnlistedNon-exchangeTraded2024-03-3109601754core:LandBuildings2024-04-012025-03-3109601754core:PlantMachinery2024-04-012025-03-3109601754core:Vehicles2024-04-012025-03-3109601754core:FurnitureFittings2024-04-012025-03-3109601754core:OfficeEquipment2024-04-012025-03-3109601754core:NetGoodwill2024-04-012025-03-3109601754core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3109601754core:ListedExchangeTraded2024-04-012025-03-3109601754core:UnlistedNon-exchangeTraded2024-04-012025-03-3109601754core:MoreThanFiveYears2024-04-012025-03-3109601754core:Non-currentFinancialInstruments2025-03-3109601754core:Non-currentFinancialInstruments2024-03-3109601754dpl:CostSales2024-04-012025-03-3109601754dpl:DistributionCosts2024-04-012025-03-3109601754core:LandBuildings2024-04-012025-03-3109601754core:PlantMachinery2024-04-012025-03-3109601754core:Vehicles2024-04-012025-03-3109601754core:FurnitureFittings2024-04-012025-03-3109601754core:OfficeEquipment2024-04-012025-03-3109601754dpl:AdministrativeExpenses2024-04-012025-03-3109601754core:NetGoodwill2024-04-012025-03-3109601754core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3109601754dpl:GroupUndertakings2024-04-012025-03-3109601754dpl:ParticipatingInterests2024-04-012025-03-3109601754dpl:GroupUndertakingscore:ListedExchangeTraded2024-04-012025-03-3109601754core:ListedExchangeTraded2024-04-012025-03-3109601754dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-04-012025-03-3109601754core:UnlistedNon-exchangeTraded2024-04-012025-03-3109601754dpl:CostSales2023-08-012024-03-3109601754dpl:DistributionCosts2023-08-012024-03-3109601754core:LandBuildings2023-08-012024-03-3109601754core:PlantMachinery2023-08-012024-03-3109601754core:Vehicles2023-08-012024-03-3109601754core:FurnitureFittings2023-08-012024-03-3109601754core:OfficeEquipment2023-08-012024-03-3109601754dpl:AdministrativeExpenses2023-08-012024-03-3109601754core:NetGoodwill2023-08-012024-03-3109601754core:IntangibleAssetsOtherThanGoodwill2023-08-012024-03-3109601754dpl:GroupUndertakings2023-08-012024-03-3109601754dpl:ParticipatingInterests2023-08-012024-03-3109601754dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-03-3109601754core:ListedExchangeTraded2023-08-012024-03-3109601754dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-03-3109601754core:UnlistedNon-exchangeTraded2023-08-012024-03-3109601754core:NetGoodwill2025-03-3109601754core:IntangibleAssetsOtherThanGoodwill2025-03-3109601754core:LandBuildings2025-03-3109601754core:PlantMachinery2025-03-3109601754core:Vehicles2025-03-3109601754core:FurnitureFittings2025-03-3109601754core:OfficeEquipment2025-03-3109601754core:AfterOneYear2025-03-3109601754core:WithinOneYear2025-03-3109601754core:ListedExchangeTraded2025-03-3109601754core:UnlistedNon-exchangeTraded2025-03-3109601754core:ShareCapital2025-03-3109601754core:SharePremium2025-03-3109601754core:RevaluationReserve2025-03-3109601754core:OtherReservesSubtotal2025-03-3109601754core:RetainedEarningsAccumulatedLosses2025-03-3109601754core:NetGoodwill2024-03-3109601754core:IntangibleAssetsOtherThanGoodwill2024-03-3109601754core:LandBuildings2024-03-3109601754core:PlantMachinery2024-03-3109601754core:Vehicles2024-03-3109601754core:FurnitureFittings2024-03-3109601754core:OfficeEquipment2024-03-3109601754core:AfterOneYear2024-03-3109601754core:WithinOneYear2024-03-3109601754core:ListedExchangeTraded2024-03-3109601754core:UnlistedNon-exchangeTraded2024-03-3109601754core:ShareCapital2024-03-3109601754core:SharePremium2024-03-3109601754core:RevaluationReserve2024-03-3109601754core:OtherReservesSubtotal2024-03-3109601754core:RetainedEarningsAccumulatedLosses2024-03-3109601754core:NetGoodwill2023-08-0109601754core:IntangibleAssetsOtherThanGoodwill2023-08-0109601754core:LandBuildings2023-08-0109601754core:PlantMachinery2023-08-0109601754core:Vehicles2023-08-0109601754core:FurnitureFittings2023-08-0109601754core:OfficeEquipment2023-08-0109601754core:AfterOneYear2023-08-0109601754core:WithinOneYear2023-08-0109601754core:ListedExchangeTraded2023-08-0109601754core:UnlistedNon-exchangeTraded2023-08-0109601754core:ShareCapital2023-08-0109601754core:SharePremium2023-08-0109601754core:RevaluationReserve2023-08-0109601754core:OtherReservesSubtotal2023-08-0109601754core:RetainedEarningsAccumulatedLosses2023-08-0109601754core:AfterOneYear2024-04-012025-03-3109601754core:WithinOneYear2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:CostValuation2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-012025-03-3109601754core:Non-currentFinancialInstrumentscore:CostValuation2025-03-3109601754core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2025-03-3109601754core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2025-03-3109601754core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2025-03-3109601754core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2025-03-3109601754core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2025-03-3109601754core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2025-03-3109601754core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2025-03-3109601754core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2025-03-3109601754core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3109601754core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3109601754core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3109601754core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3109601754core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3109601754core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3109601754core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3109601754core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3109601754core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3109601754bus:Director12024-04-012025-03-3109601754bus:Director22024-04-012025-03-3109601754core:FurnitureFittingsToolsEquipment2024-03-3109601754core:FurnitureFittingsToolsEquipment2024-04-012025-03-3109601754core:FurnitureFittingsToolsEquipment2025-03-31

HEDGES IP LIMITED

Registered Number
09601754
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

HEDGES IP LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

HEDGES, Martin Nicholas
MANWARING, Samantha

Registered Address

35 St Leonards Road
Northampton
NN4 8DL

Registered Number

09601754 (England and Wales)
HEDGES IP LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets327,20035,615
27,20035,615
Current assets
Stocks42,0999,377
Debtors51,3955,589
Cash at bank and on hand60,16067,175
63,65482,141
Creditors amounts falling due within one year6(1,723)(3,514)
Net current assets (liabilities)61,93178,627
Total assets less current liabilities89,131114,242
Provisions for liabilities7(5,168)(6,767)
Net assets83,963107,475
Capital and reserves
Called up share capital100100
Profit and loss account83,863107,375
Shareholders' funds83,963107,475
The financial statements were approved and authorised for issue by the Board of Directors on 1 May 2025, and are signed on its behalf by:
HEDGES, Martin Nicholas
Director
Registered Company No. 09601754
HEDGES IP LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

20252024
Average number of employees during the year11
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 2453,4651,2874,86659,618
Additions-531391922
At 31 March 2553,4651,8185,25760,540
Depreciation and impairment
At 01 April 2420,0404793,48424,003
Charge for year8,3562157669,337
At 31 March 2528,3966944,25033,340
Net book value
At 31 March 2525,0691,1241,00727,200
At 31 March 2433,4258081,38235,615
4.Stocks

2025

2024

££
Work in progress2,0999,377
Total2,0999,377
5.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables873,099
Other debtors-1,184
Prepayments and accrued income1,3081,306
Total1,3955,589
6.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables133-
Taxation and social security1,5651,658
Other creditors251,856
Total1,7233,514
7.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)5,1686,767
Total5,1686,767