Hoveden Builders Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01159768

Hoveden Builders Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Hoveden Builders Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Hoveden Builders Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		14,808		14,585

Current assets

Stocks		1,689,300	695,090
Debtors	6	19,047	66,581
Cash at bank and in hand		2,490,374	3,577,410
		-------------	-------------
		4,198,721	4,339,081

Creditors: amounts falling due within one year	7	( 13,856)		( 110,161)
		-------------		-------------
Net current assets			4,184,865		4,228,920
			-------------		-------------
Total assets less current liabilities			4,199,673		4,243,505
			-------------		-------------
Net assets			4,199,673		4,243,505
			-------------		-------------

Capital and reserves

Called up share capital	16,500	16,500
Capital redemption reserve	57,000	57,000
Profit and loss account	4,126,173	4,170,005
	-------------	-------------
Shareholders funds	4,199,673	4,243,505
	-------------	-------------

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 income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Hoveden Builders Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

J P Winter

Director

Company registration number: 01159768

Hoveden Builders Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Cherry Brook Gardens, Howden, East Riding of Yorkshire, DN14 7FY.

2. Statement of compliance

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

3. Accounting policies

(a) Basis of preparation

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

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. This is deemed appropriate on the basis that the accounts are prepared on a going concern basis.

(c) Current & deferred 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 be paid or recovered 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.

(d) Tangible assets

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

(e) 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:

Plant and Machinery	-	25% straight line
Office Equipment	-	25% straight line

Freehold property is not depreciated as the directors feel that the high standard of maintenance render this inappropriate as the consequent life of the asset is estimated to be in excess of 50 years and the residual value so high that any depreciation charge arising would be immaterial. In accordance with FRS 102 annual impairment reviews are carried out to ensure that the carrying value of the asset is not overstated.

(f) 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.

(g) 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.

(h) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(i) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	14,070	212,798	17,236	244,104
Additions	–	–	1,000	1,000
	--------	----------	--------	----------
At 31 March 2025	14,070	212,798	18,236	245,104
	--------	----------	--------	----------
Depreciation
At 1 April 2024	–	212,798	16,721	229,519
Charge for the year	–	–	777	777
	--------	----------	--------	----------
At 31 March 2025	–	212,798	17,498	230,296
	--------	----------	--------	----------
Carrying amount
At 31 March 2025	14,070	–	738	14,808
	--------	----------	--------	----------
At 31 March 2024	14,070	–	515	14,585
	--------	----------	--------	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,700	–
Prepayments and accrued income	17,347	41,524
Corporation tax repayable	–	24,000
VAT debtor	–	1,057
	--------	--------
	19,047	66,581
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	3,003	2,001
Accruals	5,436	5,585
Social security and other taxes	5,417	1,575
Directors loan account	–	101,000
	--------	----------
	13,856	110,161
	--------	----------

8. Related party transactions

During the year a director made a loan to the company . The loan is interest free and was repaid on 13 March 2025 (2024 - £101,000).