Company registration number 10156229 (England and Wales)
HADCALRY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
HADCALRY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
HADCALRY LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
158,981
88,633
Investment property
5
790,753
626,472
Investments
6
161,808
95,267
1,111,542
810,372
Current assets
Debtors
8
357,830
239,427
Cash at bank and in hand
1,469,730
1,371,459
1,827,560
1,610,886
Creditors: amounts falling due within one year
9
(241,174)
(104,551)
Net current assets
1,586,386
1,506,335
Total assets less current liabilities
2,697,928
2,316,707
Creditors: amounts falling due after more than one year
10
(143,022)
(50,442)
Provisions for liabilities
(790)
(790)
Net assets
2,554,116
2,265,475
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
2,554,115
2,265,474
Total equity
2,554,116
2,265,475
HADCALRY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -

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

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 19 August 2025
Mr RJ Hutcheon
Director
Company registration number 10156229 (England and Wales)
HADCALRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

Hadcalry Limited is a private company limited by shares incorporated in England and Wales. The registered office is 98 Rose Lane, Liverpool, Merseyside, England, L18 8AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

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

1.3
Intangible fixed assets other than goodwill

Intangible assets are initially measured at cost. After recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software
Straight line over 5 years
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% Straight line
Computers
33% Straight line
Motor vehicles
20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Revaluations on investment property are shown in a separate reserve as opposed to part of the accumulated profit and loss account to clearly distinguish between distributable and non-distributable profits.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

HADCALRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.9

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.

HADCALRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
13
12
3
Intangible fixed assets
Software
£
Cost
At 1 December 2023 and 30 November 2024
5,744
Amortisation and impairment
At 1 December 2023 and 30 November 2024
5,744
Carrying amount
At 30 November 2024
-
0
At 30 November 2023
-
0
4
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2023
37,060
19,662
74,898
131,620
Additions
1,409
3,110
112,342
116,861
Exchange adjustments
-
0
-
0
(21,011)
(21,011)
At 30 November 2024
38,469
22,772
166,229
227,470
Depreciation and impairment
At 1 December 2023
24,777
16,612
1,598
42,987
Depreciation charged in the year
8,117
2,627
17,559
28,303
Revaluation
-
0
-
0
(2,801)
(2,801)
At 30 November 2024
32,894
19,239
16,356
68,489
Carrying amount
At 30 November 2024
5,575
3,533
149,873
158,981
At 30 November 2023
12,283
3,050
73,300
88,633
HADCALRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
5
Investment property
2024
£
Fair value
At 1 December 2023
626,472
Additions
164,281
At 30 November 2024
790,753
6
Fixed asset investments
2024
2023
£
£
Other investments other than loans
161,808
95,267
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 December 2023
95,267
Additions
66,541
At 30 November 2024
161,808
Carrying amount
At 30 November 2024
161,808
At 30 November 2023
95,267
7
Financial instruments
2024
2023
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
161,808
95,267
8
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
185,772
137,131
Corporation tax recoverable
18,193
-
0
Other debtors
153,865
102,296
357,830
239,427
HADCALRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 7 -
9
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
151,410
76,000
Other taxation and social security
72,676
6,370
Other creditors
17,088
22,181
241,174
104,551
10
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
143,022
50,442
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