Hobden & Son Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04499347 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

HOBDEN & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N K Hobden

S D Hobden

M C Stone

SECRETARY:

W E Hobden

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

04499347 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

880,662

926,761

Investment property

6

282,776

1,163,438

1,209,537

CURRENT ASSETS

Stocks

3,200

2,925

Debtors

7

69,740

114,260

Cash at bank and in hand

435,376

438,210

508,316

555,395

CREDITORS

Amounts falling due within one year

8

227,928

283,798

NET CURRENT ASSETS

280,388

271,597

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,443,826

1,481,134

CREDITORS

Amounts falling due after more than
one year

9

(467,879

)

(521,873

)

PROVISIONS FOR LIABILITIES

11

(15,920

)

(19,644

)

NET ASSETS

960,027

939,617

CAPITAL AND RESERVES

Called up share capital

12

200

Retained earnings

959,827

939,417

SHAREHOLDERS' FUNDS

960,027

939,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 10 December 2025 and were signed on its behalf by:

S D Hobden - Director

1.	STATUTORY INFORMATION

Hobden & Son 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was being amortised over 20 years. However, to conform with the latest guidance, this has been reduced to 5 years with the remaining balance at the 30 April 2012 being written off over the next 5 years and therefore has now been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost

Short leasehold

-

5% on cost

Improvements to property

-

5% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

150,000

AMORTISATION

At 1 May 2024

and 30 April 2025

150,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Improvem

Freehold

Short

to

property

leasehold

property

£

COST

At 1 May 2024

798,590

16,000

68,611

Additions

-

Disposals

-

At 30 April 2025

798,590

16,000

68,611

DEPRECIATION

At 1 May 2024

51,638

9,152

23,217

Charge for year

15,971

800

3,430

Eliminated on disposal

-

At 30 April 2025

67,609

9,952

26,647

NET BOOK VALUE

At 30 April 2025

730,981

6,048

41,964

At 30 April 2024

746,952

6,848

45,394

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 May 2024

133,669

499,619

1,516,489

Additions

2,918

13,143

16,061

Disposals

-

(22,995

)

(22,995

)

At 30 April 2025

136,587

489,767

1,509,555

DEPRECIATION

At 1 May 2024

119,637

386,084

589,728

Charge for year

3,822

29,514

53,537

Eliminated on disposal

-

(14,372

)

(14,372

)

At 30 April 2025

123,459

401,226

628,893

NET BOOK VALUE

At 30 April 2025

13,128

88,541

880,662

At 30 April 2024

14,032

113,535

926,761

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

282,776

NET BOOK VALUE

At 30 April 2025

282,776

At 30 April 2024

282,776

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade debtors

63,594

108,230

Other debtors

6,146

6,030

69,740

114,260

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Bank loans and overdrafts

4,141

29,956

Trade creditors

10,288

17,230

Taxation and social security

84,593

100,595

Other creditors

128,906

136,017

227,928

283,798

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.4.25

30.4.24

£

Bank loans

17,879

71,873

Other creditors

450,000

467,879

521,873

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.25

30.4.24

£

Within one year

12,306

3,711

Between one and five years

26,321

3,042

38,627

6,753

11.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

Deferred tax

Accelerated capital allowances

15,920

19,644

Deferred

tax

£

Balance at 1 May 2024

19,644

Reversal of timing differences

(3,724

)

Balance at 30 April 2025

15,920

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

70

Ordinary A

£1

70

60

Ordinary B

£1

60

70

Ordinary C

£1

70

200

13.	RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet date, the company owed its directors £570,746 (2024: £578,523).

14.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.