REGISTERED NUMBER: 07078399 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

C J HUGO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C J Hugo

SECRETARY:

Mrs J K Hugo

REGISTERED OFFICE:

The Red House

50 High Street

Sevenoaks

Kent

TN13 1JL

REGISTERED NUMBER:

07078399 (England and Wales)

ACCOUNTANTS:

Duncan and Toplis Limited

Pinnacle House

1 Pinnacle Way,

Derby

Derbyshire

DE24 8ZS

CURRENT ASSETS

Debtors

5

1,331,736

1,355,172

Cash at bank

143,703

23,613

1,475,439

1,378,785

CREDITORS

Amounts falling due within one year

6

73,578

110,020

NET CURRENT ASSETS

1,401,861

1,268,765

TOTAL ASSETS LESS CURRENT LIABILITIES

1,401,861

1,268,765

CAPITAL AND RESERVES

Called up share capital

7

100

1

Revaluation reserve

8

198,192

181,782

Retained earnings

1,203,569

1,086,982

SHAREHOLDERS' FUNDS

1,401,861

1,268,765

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

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

The director acknowledges his 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 director and authorised for issue on 11 December 2025 and were signed by:

Mr C J Hugo - Director

1.	STATUTORY INFORMATION

C J Hugo 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 represents the company's share of the profits of the partnership Knocker & Foskett Solicitors.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

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.

Taxation

Taxation for the year comprises current 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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

316,922

AMORTISATION

At 1 April 2024

and 31 March 2025

316,922

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

Goodwill arose on the purchase of the company's share in Knocker & Foskett Solicitors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Due from Knocker & Foskett

1,206,361

1,204,860

Directors' current accounts

125,375

150,312

1,331,736

1,355,172

Other than as stated under directors' current accounts, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Tax

72,271

81,478

Other creditors

-

27,000

Accruals and deferred income

1,307

1,542

73,578

110,020

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

1

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

181,782

Revaluation

16,410

At 31 March 2025

198,192

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr C J Hugo

Balance outstanding at start of year

150,312

109,123

Amounts advanced

126,082

150,690

Amounts repaid

(150,659

)

(109,501

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

125,735

150,312

Interest was charged on the director's advances at HM Revenue & Customs official rate of interest being 2.25% per annum.

The outstanding advances were repaid within nine months of the year end.