Hadfield Bros Ltd Filleted Accounts Cover
Hadfield Bros Ltd
Company No. 11647392
Information for Filing with The Registrar
31 October 2024
Hadfield Bros Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 October 2024.
Principal activities
The principal activity of the company during the year under review was property lettings and investment.
Directors
The Directors who served at any time during the year were as follows:
Andrew Hadfield
Nicholas Hadfield
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Andrew Hadfield
Director
31 July 2025
Hadfield Bros Ltd Balance Sheet Registrar
at
31 October 2024
Company No.
11647392
Notes
2024
2023
£
£
Fixed assets
Investment property
4
245,000243,000
245,000243,000
Current assets
Cash at bank and in hand
9,05610,047
9,05610,047
Creditors: Amount falling due within one year
5
(115,804)
(116,357)
Net current liabilities
(106,748)
(106,310)
Total assets less current liabilities
138,252136,690
Creditors: Amounts falling due after more than one year
6
(64,047)
(66,557)
Provisions for liabilities
Deferred taxation
(10,713)
(10,333)
Net assets
63,49259,800
Capital and reserves
Called up share capital
200200
Fair value reserve
9
45,67244,052
Profit and loss account
9
17,62015,548
Total equity
63,49259,800
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 July 2025 and signed on its behalf by:
Andrew Hadfield
Director
31 July 2025
Hadfield Bros Ltd Notes to the Accounts Registrar
for the year ended 31 October 2024
1
General information
Hadfield Bros Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11647392
Its registered office is:
6 Highfield Avenue
Waterlooville
Hampshire
PO7 7PX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• 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 transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Investment property
Freehold Investment Property
£
Valuation
At 1 November 2023
243,000
Revaluation
2,000
At 31 October 2024
245,000
5
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
486
1,327
Loans from directors
113,830113,830
Other creditors
6001,200
Accruals and deferred income
888-
115,804116,357
6
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
64,04766,557
64,04766,557
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
64,047
66,556
64,04766,556
The loan is secured by charge on the freehold investment property.
7
Creditors: secured liabilities
2024
2023
£
£
The aggregate amount of secured liabilities included within creditors
64,04766,556
8
Share Capital
200 ordinary £1 shares called up and fully paid.
9
Reserves
Fair value Reserve
Total other reserves
£
£
At 1 November 2022
41,622
41,622
Movement on fair value reserve
3,000
3,000
Deferred taxation
(570)
(570)
At 31 October 2023 and 1 November 2023
44,052
44,052
Movement on fair value reserve
2,000
2,000
Deferred taxation
(380)
(380)
At 31 October 2024
45,67245,672
Fair value reserve - reflects the revaluation of investment properties.
Profit and loss account - includes all current and prior period retained profits and losses.
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