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Registered number: 00230840
Hoyes & Son Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Hoyes & Son Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Hoyes & Son Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 00230840

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,205,000 |  | 2,205,000
Investments | 5 |  | 442,895 |  | 400,486
|  |  | 2,647,895 |  | 2,605,486
CURRENT ASSETS
Debtors | 6 | 785 |  | 3,874 |
Cash at bank and in hand |  | 149,692 |  | 147,797 |
|  | 150,477 |  | 151,671 |
Creditors: Amounts Falling Due Within One Year | 7 | (17,338 ) |  | (28,747 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 133,139 |  | 122,924
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,781,034 |  | 2,728,410
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (287,511 ) |  | (287,511 )
NET ASSETS |  |  | 2,493,523 |  | 2,440,899
CAPITAL AND RESERVES
Called up share capital | 8 |  | 10,000 |  | 10,000
Fair value reserve | 9 |  | 1,514,159 |  | 1,514,159
Profit and Loss Account |  |  | 969,364 |  | 916,740
SHAREHOLDERS' FUNDS |  |  | 2,493,523 |  | 2,440,899

Page 1
Page 2
Hoyes & Son Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

M C Hoyes Director
28/07/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Hoyes & Son Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Hoyes & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00230840 . The registered office is 74 Downing Drive, C/O Lynk Accountancy, Leicester, LE5 6LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents net rent receivable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment | 25% on cost

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
Page 3
Page 4
Hoyes & Son Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
4. Tangible Assets

| Investment Properties | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2024 | 2,205,000 | 907 | 2,205,907
As at 31 January 2025 | 2,205,000 | 907 | 2,205,907
Depreciation
As at 1 February 2024 | - | 907 | 907
As at 31 January 2025 | - | 907 | 907
Net Book Value
As at 31 January 2025 | 2,205,000 | - | 2,205,000
As at 1 February 2024 | 2,205,000 | - | 2,205,000

5. Investments

| Other
--- | ---
| £
Cost
As at 1 February 2024 | 397,845
As at 31 January 2025 | 397,845
Provision
As at 1 February 2024 | (2,641 )
Added in period | (42,409 )
As at 31 January 2025 | (45,050 )
Net Book Value
As at 31 January 2025 | 442,895
As at 1 February 2024 | 400,486

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 785 |  | 3,874

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 11,142 |  | 17,948
Taxation and social security | 6,196 |  | 10,799
| 17,338 |  | 28,747

Page 4
Page 5
Hoyes & Son Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10,000 |  | 10,000

9. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 February 2024 | 1,514,159
As at 31 January 2025 | 1,514,159

Page 5