| B&S Hughes Limited |
| Registered number: |
03977578 |
| Balance Sheet |
| as at 30 September 2025 |
|
|
Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
534 |
|
|
- |
| Investment property |
4 |
|
|
11,720,531 |
|
|
11,720,531 |
| Investments |
5 |
|
|
155,132 |
|
|
155,132 |
|
|
|
|
11,876,197 |
|
|
11,875,663 |
|
| Current assets |
| Debtors |
6 |
|
55,446 |
|
|
19,908 |
| Cash at bank and in hand |
|
|
1,340,130 |
|
|
697,200 |
|
|
|
1,395,576 |
|
|
717,108 |
|
| Creditors: amounts falling due within one year |
7 |
|
(1,040,839) |
|
|
(994,706) |
|
| Net current assets/(liabilities) |
|
|
|
354,737 |
|
|
(277,598) |
|
| Total assets less current liabilities |
|
|
|
12,230,934 |
|
|
11,598,065 |
|
| Provisions for liabilities |
|
|
|
(479,540) |
|
|
(479,540) |
|
| Net assets |
|
|
|
11,751,394 |
|
|
11,118,525 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Share premium |
|
|
|
2,162,925 |
|
|
2,162,925 |
| Profit and loss account |
|
|
|
9,587,469 |
|
|
8,954,600 |
|
| Shareholders' funds |
|
|
|
11,751,394 |
|
|
11,118,525 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| B Hughes |
L Davis |
| Director |
Director |
| Approved by the board on 3 December 2025 |
|
| B&S Hughes Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The financial statements have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover and other operating income |
|
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Other operating income includes rent receivable from investment property net of VAT together with surplus on revaluation of investment properties to fair value. Income is recognised over the period to which it relates. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
25% straight line |
|
|
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. It is subsequently measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 October 2024 |
1,805 |
|
Additions |
582 |
|
Disposals |
(1,804) |
|
At 30 September 2025 |
583 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2024 |
1,805 |
|
Charge for the year |
48 |
|
On disposals |
(1,804) |
|
At 30 September 2025 |
49 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2025 |
534 |
|
|
| 4 |
Investment property |
|
|
|
|
|
|
|
|
2025 |
| £ |
|
Fair value |
|
At 1 October 2024 |
11,720,531 |
|
Additions |
- |
|
Disposals |
- |
|
At 30 September 2025 |
11,720,531 |
|
|
|
|
|
|
|
|
|
|
The fair value of the investment properties has been arrived at on the basis of a valuation carried out at the year end by the directors. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. No movement on revaluation to fair value arises in the year. |
|
|
| 5 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 October 2024 |
155,132 |
|
|
At 30 September 2025 |
155,132 |
|
|
| 6 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
55,446 |
|
19,908 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
307,931 |
|
301,274 |
|
Other creditors |
732,908 |
|
693,432 |
|
|
|
|
|
|
1,040,839 |
|
994,706 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
The company is not under the control of a single party, being equally controlled by the five shareholders who each own 20% of the issued voting share capital. |
|
|
| 9 |
Other information |
|
|
B&S Hughes Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
Oaktree |
|
Tadmarton Road |
|
Bloxham |
|
Banbury |
|
OX15 4JA |