Registration number: 08644594

Hogarths (International) Limited trading as Hogarths Estates

Contents
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Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Hogarths (International) Limited trading as Hogarths Estates

Company Information
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Directors

Peter Graham Alastair MacLeod Edward Gormley

Registered office

342 Regents Park Road Finchley London N3 2LJ

Accountants

Brooks Green Chartered AccountantsAbbey House 342 Regents Park Road London N3 2LJ

Hogarths (International) Limited trading as Hogarths Estates

(Registration number: 08644594)
Balance Sheet as at 31 March 2025
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	Note	2025 £		2024 £
Fixed assets
Intangible assets	3		244,503		368,331
Tangible assets	4		537,158		542,858
			781,661		911,189
Current assets
Debtors	5	10,040		10,041
Cash at bank and in hand		257,722		250,265
		267,762		260,306
Creditors: Amounts falling due within one year	6	(134,096)		(119,367)
Net current assets			133,666		140,939
Total assets less current liabilities			915,327		1,052,128
Creditors: Amounts falling due after more than one year	6		(287,110)		(448,971)
Net assets			628,217		603,157
Capital and reserves
Called up share capital	7	738,760		738,760
Revaluation reserve		140,000		140,000
Retained earnings		(250,543)		(275,603)
Shareholders' funds			628,217		603,157

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 September 2025 and signed on its behalf by:
 

Hogarths (International) Limited trading as Hogarths Estates

(Registration number: 08644594)
Balance Sheet as at 31 March 2025
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......................................... Edward Gormley Director

Hogarths (International) Limited trading as Hogarths Estates

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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1	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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

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.

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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
Motor Vehicle	25% RB
Furniture, Fixtures and fittings	15% RB

Hogarths (International) Limited trading as Hogarths Estates

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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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:

Asset class	Amortisation method and rate
Goodwill	Over 10 years

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.

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.

Hogarths (International) Limited trading as Hogarths Estates

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Hogarths (International) Limited trading as Hogarths Estates

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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3	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	1,387,505	1,387,505
At 31 March 2025	1,387,505	1,387,505
Amortisation
At 1 April 2024	1,019,174	1,019,174
Amortisation charge	123,828	123,828
At 31 March 2025	1,143,002	1,143,002
Carrying amount
At 31 March 2025	244,503	244,503
At 31 March 2024	368,331	368,331

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	510,500	63,545	4,491	578,536
At 31 March 2025	510,500	63,545	4,491	578,536
Depreciation
At 1 April 2024	-	31,187	4,491	35,678
Charge for the year	-	5,700	-	5,700
At 31 March 2025	-	36,887	4,491	41,378
Carrying amount
At 31 March 2025	510,500	26,658	-	537,158
At 31 March 2024	510,500	32,358	-	542,858

Included within the net book value of land and buildings above is £500,000 (2024 - £500,000) in respect of freehold land and buildings and £10,500 (2024 - £10,500) in respect of long leasehold land and buildings.
 

Hogarths (International) Limited trading as Hogarths Estates

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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5

Debtors

Current	2025 £	2024 £
Other debtors	10,040	10,041
	10,040	10,041

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	30,207	30,477
Taxation and social security		87,464	72,465
Accruals and deferred income		16,425	16,425
		134,096	119,367

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	287,110	448,971

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £0.01 each	73,876,000	738,760	73,876,000	738,760

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	287,110	448,971