REGISTERED NUMBER: 00637427 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

A.Hemingway and Sons Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Adrian Hemingway

Andrew Hemingway

Roger Hemingway

Richard Vincent Hemingway

REGISTERED OFFICE:

421 Whitley Lane

Grenoside

Sheffield

South Yorkshire

S35 8RP

REGISTERED NUMBER:

00637427 (England and Wales)

ACCOUNTANTS:

Royston Parkin Limited

2 President Buildings

Savile Street East

Sheffield

South Yorkshire

S4 7UQ

FIXED ASSETS

Property, plant and equipment

4

255,573

330,143

CURRENT ASSETS

Debtors

5

124,178

29,721

Cash at bank

16,752

122,115

140,930

151,836

CREDITORS

Amounts falling due within one year

6

41,003

81,249

NET CURRENT ASSETS

99,927

70,587

TOTAL ASSETS LESS CURRENT LIABILITIES

355,500

400,730

CAPITAL AND RESERVES

Called up share capital

6,000

6,000

Revaluation reserve

7

329,282

412,261

Retained earnings

20,218

(17,531

)

SHAREHOLDERS' FUNDS

355,500

400,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by:

Adrian Hemingway - Director

1.	STATUTORY INFORMATION

A.Hemingway and Sons Limited 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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

Computer

property

equipment

Totals

£

£

£

COST OR VALUATION

At 1 February 2024

498,378

350

498,728

Additions

6,305

-

6,305

Disposals

(109,521

)

-

(109,521

)

At 31 January 2025

395,162

350

395,512

DEPRECIATION

At 1 February 2024

168,235

350

168,585

Charge for year

5,220

-

5,220

Eliminated on disposal

(33,866

)

-

(33,866

)

At 31 January 2025

139,589

350

139,939

NET BOOK VALUE

At 31 January 2025

255,573

-

255,573

At 31 January 2024

330,143

-

330,143

Cost or valuation at 31 January 2025 is represented by:

Freehold

Computer

property

equipment

Totals

£

£

£

Valuation in 1995

123,655

-

123,655

Valuation in 2007

221,236

-

221,236

Valuation in 2010

(15,608

)

-

(15,608

)

Cost

65,879

350

66,229

395,162

350

395,512

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

65,879

82,481

Aggregate depreciation

14,809

18,138

Value of land in freehold land and buildings

51,071

64,344

Freehold land and buildings were valued on an open market basis on 31 October 2010 by an independent valuation company .

The company has not adopted a formal policy of annual market value revaluations for its freehold property but wishes to continue to use and show the revaluation undertaken in 2010.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,049

-

Directors' loan accounts

122,129

29,721

124,178

29,721

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

8

Trade creditors

8,961

9,776

Tax

19,302

69,818

VAT

-

327

Directors' loan accounts

10,000

-

Accruals and deferred income

2,740

1,320

41,003

81,249

7.

RESERVES

Revaluation

reserve

£

At 1 February 2024

412,261

Property valuation - realised

(82,979

)

At 31 January 2025

329,282

8.	RELATED PARTY DISCLOSURES

The following loans from directors subsided during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

Mr Adrian Hemingway

Balance outstanding at start of year

2,603

27,145

Amounts advanced

106,201

17,710

Amounts Repaid

(41,951

)

(42,253

)

Balance outstanding at end of year

66,863

2,602

Mr Andrew Hemingway

Balance outstanding at start of year

27,118

43,479

Amounts advanced

66,000

11,818

Amounts Repaid

(41,951

)

(28,179

)

Balance outstanding at end of year

51,167

27,118

Mr Roger Hemingway

Balance outstanding at start of year

0

6,149

Amounts advanced

31,951

20,212

Amounts Repaid

(41,951

)

(26,361

)

Balance outstanding at end of year

(10,000

)

0

Mr Richard Hemingway

Balance outstanding at start of year

(0

)

(94,558

)

Amounts advanced

88,000

147,279

Amounts Repaid

(83,902

)

(52,721

)

Balance outstanding at end of year

4,098

(0

)

No interest was charged in relation to the sums owed and no repayment date has been set.

9.	ULTIMATE CONTROLLING PARTY

The company is not under the control of any one person or family.