W.B.Stubbs(Hawksworth)Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00620673

W.B.STUBBS(HAWKSWORTH)LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

W.B.STUBBS(HAWKSWORTH)LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	258,536	407,005
Investments	6	2,039,996	1,781,819
		-------------	-------------
		2,298,532	2,188,824

Current assets

Stocks		–	407,421
Debtors	7	249,684	865,786
Cash at bank and in hand		1,002,154	258,571
		-------------	-------------
		1,251,838	1,531,778

Creditors: amounts falling due within one year	8	( 137,723)	( 266,033)
		-------------	-------------
Net current assets		1,114,115	1,265,745
		-------------	-------------
Total assets less current liabilities		3,412,647	3,454,569

Provisions	( 62,269)	( 97,544)
	-------------	-------------
Net assets	3,350,378	3,357,025
	-------------	-------------

Capital and reserves

Called up share capital	20,900	20,900
Revaluation reserve	1,077,996	819,819
Profit and loss account	2,251,482	2,516,306
	-------------	-------------
Shareholders funds	3,350,378	3,357,025
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have 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 Act with respect to accounting records and the preparation of financial statements .

W.B.STUBBS(HAWKSWORTH)LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

C W R Bradwell
Director

Company registration number: 00620673

W.B.STUBBS(HAWKSWORTH)LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Progress Works, Hawksworth, Nottingham, NG13 9DF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Going concern

The company sold its trade and stocks on 27 November 2024 and ceased trading activities on that date. Since that date the company has continued post trading administrative activities and operating the ongoing property business.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. No significant judgements or estimates have been made by management in the process of applying the entity's accounting policies that would have a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	Over 50 years
Plant and machinery	-	Over 15 years
Fixtures and fittings	-	Over 5 years
Motor vehicles	-	Over 5 years

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. - Financial assets Basic financial assets, including trade and other receivables, cash and bank balances, loans to fellow group companies and investments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost, using the effective interest method. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. - Financial liabilities Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost, using the effective interest method. Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2023: 21 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	312,586	284,893	31,618	19,714	648,811
Additions	–	–	822	–	822
Disposals	–	( 284,893)	( 31,618)	( 19,714)	( 336,225)
	----------	----------	---------	---------	----------
At 31 December 2024	312,586	–	822	–	313,408
	----------	----------	---------	---------	----------
Depreciation
At 1 January 2024	49,445	143,727	28,920	19,714	241,806
Charge for the year	5,263	10,460	989	–	16,712
Disposals	–	( 154,187)	( 29,745)	( 19,714)	( 203,646)
	----------	----------	---------	---------	----------
At 31 December 2024	54,708	–	164	–	54,872
	----------	----------	---------	---------	----------
Carrying amount
At 31 December 2024	257,878	–	658	–	258,536
	----------	----------	---------	---------	----------
At 31 December 2023	263,141	141,166	2,698	–	407,005
	----------	----------	---------	---------	----------

6. Investments

	Other investments other than loans
	£
Cost
At 1 January 2024	1,781,819
Revaluations	258,177
	-------------
At 31 December 2024	2,039,996
	-------------
Impairment
At 1 January 2024 and 31 December 2024	–
	-------------

Carrying amount
At 31 December 2024	2,039,996
	-------------
At 31 December 2023	1,781,819
	-------------

Investments are stated at fair value.

7. Debtors

	2024	2023
	£	£
Trade debtors	79,242	230,247
Other debtors	170,442	635,539
	----------	----------
	249,684	865,786
	----------	----------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Other debtors	145,000	–
	----------	----

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	30,977	77,540
Corporation tax	67,871	145,504
Social security and other taxes	16,303	30,866
Other creditors	22,572	12,123
	----------	----------
	137,723	266,033
	----------	----------

9. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2024	2023
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	2,039,996	1,781,819
	-------------	-------------

10. Controlling party

The ultimate controlling party is Mr C W R Bradwell .