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REGISTERED NUMBER: 09824464 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 October 2024

for

Hibbett 8 Limited

Hibbett 8 Limited (Registered number: 09824464)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Hibbett 8 Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D Hibbett
Mrs J Hibbett





REGISTERED OFFICE: 55 Church Lane
Eaton
Norwich
NR4 6NY





REGISTERED NUMBER: 09824464 (England and Wales)





ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hibbett 8 Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hibbett 8 Limited for the year ended 31 October 2024 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hibbett 8 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hibbett 8 Limited and state those matters that we have agreed to state to the Board of Directors of Hibbett 8 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hibbett 8 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hibbett 8 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hibbett 8 Limited. You consider that Hibbett 8 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hibbett 8 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


6 May 2025

Hibbett 8 Limited (Registered number: 09824464)

Abridged Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 16,200
Investment property 5 250,000 430,000
250,000 446,200

CURRENT ASSETS
Debtors: amounts falling due within one
year

1,575,035

1,458,933
Cash at bank 164,884 117,084
1,739,919 1,576,017
CREDITORS
Amounts falling due within one year 1,414,437 1,542,881
NET CURRENT ASSETS 325,482 33,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,482

479,336

PROVISIONS FOR LIABILITIES 6,063 11,456
NET ASSETS 569,419 467,880

CAPITAL AND RESERVES
Called up share capital 60 60
Revaluation reserve 18,190 34,369
Retained earnings 551,169 433,451
SHAREHOLDERS' FUNDS 569,419 467,880

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

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

Hibbett 8 Limited (Registered number: 09824464)

Abridged Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





D Hibbett - Director


Hibbett 8 Limited (Registered number: 09824464)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Hibbett 8 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Investment property
Investment properties are included at fair value. Any aggregate surplus or deficit arising from temporary changes in fair value is recognised in profit or loss.

Surpluses and subsequent deficits on revaluation are taken to a non-distributable fair value reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

Hibbett 8 Limited (Registered number: 09824464)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.10.24 31.10.23
£    £   
Other investments 16,200 16,200
Other investments - disposal (16,200 ) -
- 16,200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 430,000
Disposals (180,000 )
At 31 October 2024 250,000
NET BOOK VALUE
At 31 October 2024 250,000
At 31 October 2023 430,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2022 24,253
Cost 225,747
250,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 225,747 384,175

The investment properties were valued on an open market basis on 31 October 2024 by the directors .