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REGISTERED NUMBER: 12909441 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Hat and Home Limited

Hat and Home Limited (Registered number: 12909441)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Hat and Home Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: B Gee
J Gee
L Strzadala





REGISTERED OFFICE: The Overhangs
55A Peach Street
Wokingham
Berkshire
RG40 1XP





REGISTERED NUMBER: 12909441 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Hat and Home Limited (Registered number: 12909441)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 148,978 135,977

CURRENT ASSETS
Debtors 5 380,886 289,037
Cash at bank 68 108,997
380,954 398,034
CREDITORS
Amounts falling due within one year 6 814,885 431,879
NET CURRENT LIABILITIES (433,931 ) (33,845 )
TOTAL ASSETS LESS CURRENT LIABILITIES (284,953 ) 102,132

CREDITORS
Amounts falling due after more than one year 7 156,977 177,635
NET LIABILITIES (441,930 ) (75,503 )

CAPITAL AND RESERVES
Called up share capital 9 104 104
Share premium 75,056 75,056
Retained earnings (517,090 ) (150,663 )
SHAREHOLDERS' FUNDS (441,930 ) (75,503 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





B Gee - Director


Hat and Home Limited (Registered number: 12909441)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Hat and Home 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 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% reducing balance
Computer equipment - 3 year straight line
Leasehold Improvements - 20% reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 17 ) .

Hat and Home Limited (Registered number: 12909441)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 62,404 12,618 84,845 18,366 178,233
Additions 18,077 817 25,347 10,672 54,913
At 30 September 2024 80,481 13,435 110,192 29,038 233,146
DEPRECIATION
At 1 October 2023 8,181 4,290 21,009 8,776 42,256
Charge for year 13,872 2,269 17,561 8,210 41,912
At 30 September 2024 22,053 6,559 38,570 16,986 84,168
NET BOOK VALUE
At 30 September 2024 58,428 6,876 71,622 12,052 148,978
At 30 September 2023 54,223 8,328 63,836 9,590 135,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 87,028 64,822
Other debtors 293,858 224,215
380,886 289,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 23,347 19,238
Trade creditors 111,302 84,681
Other creditors 680,236 327,960
814,885 431,879

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 156,977 177,635

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 145,419 114,021
Between one and five years 450,910 461,937
In more than five years 348,792 453,291
945,121 1,029,249

Hat and Home Limited (Registered number: 12909441)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
10,000 Ordinary £0.01 100 100
417 B Ordinary £0.01 4 4
104 104

10. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors - £45,851 (2023 directors owed the company £1,815). This loan is interest free, repayable on demand and shown within other creditors.

During the period the company had transactions with a connected company, Milliner Financial Services. The companies are connected through the significant interest of the directors.

The total transactions with the connected company during the period were as follows:
Sales: £1,564

At the period end the company was owed a balance of £5,336 (2023- £818) from Milliner Financial Services Ltd. This balance is shown within other debtors.

11. SHARE-BASED PAYMENT TRANSACTIONS

Share options issued at the end of the 2022 financial year in the company were as follows; 11 share options in £1 Ordinary shares to Luke Strzadala with an exercise price of £1 per share. There is no set vesting period but rather they will vest on a qualifying event as stated in the options agreement. The fair value of these options is not material and has therefore not been included in these accounts.