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REGISTERED NUMBER: 01172243 (England and Wales)











F A WELCH (HATTON GARDEN) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






F A WELCH (HATTON GARDEN) LTD (REGISTERED NUMBER: 01172243)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


F A WELCH (HATTON GARDEN) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: S C Watts





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 01172243 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

F A WELCH (HATTON GARDEN) LTD (REGISTERED NUMBER: 01172243)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198 246

CURRENT ASSETS
Stocks 5 94,125 104,575
Debtors 6 12,333 14,815
Cash at bank 6,717 15,555
113,175 134,945
CREDITORS
Amounts falling due within one year 7 34,963 46,701
NET CURRENT ASSETS 78,212 88,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,410

88,490

CREDITORS
Amounts falling due after more than one
year

8

2,464

6,606
NET ASSETS 75,946 81,884

CAPITAL AND RESERVES
Called up share capital 10 4,100 4,100
Retained earnings 11 71,846 77,784
SHAREHOLDERS' FUNDS 75,946 81,884

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

F A WELCH (HATTON GARDEN) LTD (REGISTERED NUMBER: 01172243)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 director and authorised for issue on 5th August 2025 and were signed by:





S C Watts - Director


F A WELCH (HATTON GARDEN) LTD (REGISTERED NUMBER: 01172243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

F A Welch (Hatton Garden) Ltd 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.

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 - 20% on reducing balance
Fixtures and fittings - at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Grant income recognition
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

F A WELCH (HATTON GARDEN) LTD (REGISTERED NUMBER: 01172243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 28,007 23,636 51,643
DEPRECIATION
At 1st January 2024 27,886 23,511 51,397
Charge for year 22 26 48
At 31st December 2024 27,908 23,537 51,445
NET BOOK VALUE
At 31st December 2024 99 99 198
At 31st December 2023 121 125 246

5. STOCKS
2024 2023
£    £   
Finished goods 94,125 104,575

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,093 4,117
Other debtors 9,240 10,698
12,333 14,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 4,142 4,039
Trade creditors 5,625 14,036
Taxation and social security 5,910 8,807
Other creditors 19,286 19,819
34,963 46,701

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 2,464 6,606

F A WELCH (HATTON GARDEN) LTD (REGISTERED NUMBER: 01172243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,142 4,039

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,464 4,142

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,464

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,100 Ordinary £1 4,100 4,100

11. RESERVES
Retained
earnings
£   

At 1st January 2024 77,784
Deficit for the year (5,938 )
At 31st December 2024 71,846

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024 2023
£    £   
S C Watts
Balance outstanding at start of year 10,124 11,080
Amounts advanced 23,892 30,210
Amounts repaid (25,351 ) (31,166 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,665 10,124

Interest has been paid by the director at the official interest rate.