| REGISTERED NUMBER: |
| Hodgson Estates Limited |
| Unaudited Financial Statements for the Year Ended 31 October 2024 |
| REGISTERED NUMBER: |
| Hodgson Estates Limited |
| Unaudited Financial Statements for the Year Ended 31 October 2024 |
| Hodgson Estates Limited (Registered number: 09605021) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 8 |
| Hodgson Estates Limited |
| Company Information |
| for the Year Ended 31 October 2024 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Stanton House |
| 31 Westgate |
| Grantham |
| Lincolnshire |
| NG31 6LX |
| Hodgson Estates Limited (Registered number: 09605021) |
| Balance Sheet |
| 31 October 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| Current assets |
| Stocks |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 9 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| Provisions for liabilities | 11 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Share premium | 12 |
| Non-distributable reserves | 12 |
| Retained earnings | 12 |
| Hodgson Estates Limited (Registered number: 09605021) |
| Balance Sheet - continued |
| 31 October 2024 |
| 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 were approved by the Board of Directors and authorised for issue on |
| Hodgson Estates Limited (Registered number: 09605021) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2024 |
| 1. | Statutory information |
| Hodgson Estates Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries and associates |
| Investments in subsidiary and associate undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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. |
| Hodgson Estates Limited (Registered number: 09605021) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 2. | Accounting policies - continued |
| 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. |
| 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 |
| 4. | Tangible fixed assets |
| Plant and |
| machinery |
| etc |
| £ |
| Cost |
| At 1 November 2023 |
| and 31 October 2024 |
| Depreciation |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| Hodgson Estates Limited (Registered number: 09605021) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 5. | Fixed asset investments |
| 2024 | 2023 |
| £ | £ |
| Shares in group undertakings |
| Loans to group undertakings |
| Participating interests |
| Other investments not loans |
| Additional information is as follows: |
| Shares in | Interest |
| group | in | Other |
| undertakings | associate | investments | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 November 2023 |
| and 31 October 2024 | 113,700 |
| Net book value |
| At 31 October 2024 | 113,700 |
| At 31 October 2023 | 113,700 |
| Loans to |
| group |
| undertakings |
| £ |
| At 1 November 2023 |
| and 31 October 2024 |
| 6. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 November 2023 |
| Additions |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| Hodgson Estates Limited (Registered number: 09605021) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 6. | Investment property - continued |
| Fair value at 31 October 2024 is represented by: |
| £ |
| Valuation in 2019 | 95,000 |
| Valuation in 2020 | 2,000 |
| Valuation in 2021 | 49,241 |
| Cost | 1,637,731 |
| 1,783,972 |
| 7. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| 8. | Current asset investments |
| 2024 | 2023 |
| £ | £ |
| Loan to associated LLP |
| 9. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| 11. | Provisions for liabilities |
| 2024 | 2023 |
| £ | £ |
| Deferred tax |
| Other timing differences | 27,786 | 27,786 |
| Hodgson Estates Limited (Registered number: 09605021) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 11. | Provisions for liabilities - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2023 |
| Balance at 31 October 2024 |
| 12. | Reserves |
| Retained | Share | Non-distributable |
| earnings | premium | reserves | Totals |
| £ | £ | £ | £ |
| At 1 November 2023 | 268,052 |
| Deficit for the year | ( |
) | ( |
) |
| At 31 October 2024 | 241,127 |
| 13. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023: |
| 2024 | 2023 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |