7 6 Hubertus Game Ltd. SC316154 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of production and retail of venison and game Digita Accounts Production Advanced 6.30.9574.0 true SC316154 2023-10-01 2024-09-30 SC316154 2024-09-30 SC316154 core:CurrentFinancialInstruments 2024-09-30 SC316154 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 SC316154 core:Non-currentFinancialInstruments 2024-09-30 SC316154 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 SC316154 core:Goodwill 2024-09-30 SC316154 core:LandBuildings 2024-09-30 SC316154 core:MotorVehicles 2024-09-30 SC316154 core:OtherPropertyPlantEquipment 2024-09-30 SC316154 bus:SmallEntities 2023-10-01 2024-09-30 SC316154 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC316154 bus:FilletedAccounts 2023-10-01 2024-09-30 SC316154 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC316154 bus:RegisteredOffice 2023-10-01 2024-09-30 SC316154 bus:CompanySecretary1 2023-10-01 2024-09-30 SC316154 bus:Director1 2023-10-01 2024-09-30 SC316154 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC316154 bus:Agent1 2023-10-01 2024-09-30 SC316154 core:Goodwill 2023-10-01 2024-09-30 SC316154 core:LandBuildings 2023-10-01 2024-09-30 SC316154 core:MotorVehicles 2023-10-01 2024-09-30 SC316154 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 SC316154 core:PlantMachinery 2023-10-01 2024-09-30 SC316154 countries:Scotland 2023-10-01 2024-09-30 SC316154 2023-09-30 SC316154 core:Goodwill 2023-09-30 SC316154 core:LandBuildings 2023-09-30 SC316154 core:MotorVehicles 2023-09-30 SC316154 core:OtherPropertyPlantEquipment 2023-09-30 SC316154 2022-10-01 2023-09-30 SC316154 2023-09-30 SC316154 core:CurrentFinancialInstruments 2023-09-30 SC316154 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 SC316154 core:Non-currentFinancialInstruments 2023-09-30 SC316154 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 SC316154 core:LandBuildings 2023-09-30 SC316154 core:MotorVehicles 2023-09-30 SC316154 core:OtherPropertyPlantEquipment 2023-09-30 xbrli:pure iso4217:GBP

Registration number: SC316154

Hubertus Game Ltd.

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Hubertus Game Ltd.

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Hubertus Game Ltd.

Company Information

Director

Mr M Thoss

Company secretary

Ms V Foley

Registered office

Hubertus Game
Ferry Road
Pitlochry
PH16 5DD

Accountants

Perk Accounting Limited Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

 

Hubertus Game Ltd.

(Registration number: SC316154)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

40,111

44,218

Current assets

 

Stocks

6

20,000

21,000

Debtors

7

85,245

122,703

Cash at bank and in hand

 

6,618

8,261

 

111,863

151,964

Creditors: Amounts falling due within one year

8

(134,879)

(164,944)

Net current liabilities

 

(23,016)

(12,980)

Total assets less current liabilities

 

17,095

31,238

Creditors: Amounts falling due after more than one year

8

(9,075)

(18,333)

Provisions for liabilities

-

(4,449)

Net assets

 

8,020

8,456

Capital and reserves

 

Called up share capital

2

2

Retained earnings

8,018

8,454

Shareholders' funds

 

8,020

8,456

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 June 2025
 

.........................................
Mr M Thoss
Director

 

Hubertus Game Ltd.

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

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Hubertus Game
Ferry Road
Pitlochry
PH16 5DD
United Kingdom

These financial statements were authorised for issue by the director on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Hubertus Game Ltd.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Not depreciated

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Hubertus Game Ltd.

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 6).

 

Hubertus Game Ltd.

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

7,000

7,000

At 30 September 2024

7,000

7,000

Amortisation

At 1 October 2023

7,000

7,000

At 30 September 2024

7,000

7,000

Carrying amount

At 30 September 2024

-

-

5

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

25,000

38,591

174,885

238,476

Additions

-

-

1,950

1,950

Disposals

-

(24,760)

-

(24,760)

At 30 September 2024

25,000

13,831

176,835

215,666

Depreciation

At 1 October 2023

-

34,928

159,330

194,258

Charge for the year

-

499

3,889

4,388

Eliminated on disposal

-

(23,091)

-

(23,091)

At 30 September 2024

-

12,336

163,219

175,555

Carrying amount

At 30 September 2024

25,000

1,495

13,616

40,111

At 30 September 2023

25,000

3,663

15,555

44,218

Included within the net book value of land and buildings above is £25,000 (2023 - £25,000) in respect of freehold land and buildings.
 

 

Hubertus Game Ltd.

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

6

Stocks

2024
£

2023
£

Other inventories

20,000

21,000

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

53,474

83,400

Amounts owed by related parties

25,050

25,050

Prepayments

 

3,694

4,105

Other debtors

 

3,027

10,148

   

85,245

122,703

 

Hubertus Game Ltd.

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

31,453

42,228

Trade creditors

 

21,588

17,836

Accruals and deferred income

 

2,800

-

Other creditors

 

79,038

104,880

 

134,879

164,944

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

9,075

18,333

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

9,075

18,333

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Bank overdrafts

21,453

32,228

31,453

42,228