Registration number: 07709206

Michael Hodgson Limited

(Registration number: 07709206)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	3,750
Tangible assets	5	16,409	12,605
		16,409	16,355
Current assets
Debtors	6	16,096	3,615
Cash at bank and in hand		301,087	325,046
		317,183	328,661
Creditors: Amounts falling due within one year	7	(52,760)	(44,019)
Net current assets		264,423	284,642
Total assets less current liabilities		280,832	300,997
Provisions for liabilities		(4,101)	(2,394)
Net assets		276,731	298,603
Capital and reserves
Called up share capital		100	100
Retained earnings		276,631	298,503
Shareholders' funds		276,731	298,603

Michael Hodgson Limited

(Registration number: 07709206)
Statement of Financial Position as at 31 March 2025

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 17 December 2025 and signed on its behalf by:
 

......................................... Mr M S Hodgson Director

Michael Hodgson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Athenaeum Street
Sunderland
Tyne and Wear
SR1 1QX

These financial statements were authorised for issue by the Board on 17 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are presented in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

The turnover represents amounts for receiveable for services net of VAT.

Revenue from contracts for the provision of agency services is recognised only when buyer and seller have exchanged contracts and the transaction becomes unconditional.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Michael Hodgson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixture, fittings & equipment	25% Reducing balance
Computer equipment	20% Straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Michael Hodgson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 6).

Michael Hodgson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	50,000	50,000
At 31 March 2025	50,000	50,000
Amortisation
At 1 April 2024	46,250	46,250
Amortisation charge	3,750	3,750
At 31 March 2025	50,000	50,000
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	3,750	3,750

5	Tangible assets

	Fixtures, fittings and equipment £	Computer equipment £	Total £
Cost or valuation
At 1 April 2024	17,515	18,509	36,024
Additions	4,698	3,585	8,283
Disposals	-	(1,800)	(1,800)
At 31 March 2025	22,213	20,294	42,507
Depreciation
At 1 April 2024	14,313	9,106	23,419
Charge for the year	997	3,482	4,479
Eliminated on disposal	-	(1,800)	(1,800)
At 31 March 2025	15,310	10,788	26,098
Carrying amount
At 31 March 2025	6,903	9,506	16,409
At 31 March 2024	3,202	9,403	12,605

Michael Hodgson Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	12,480	-
Prepayments	3,616	3,615
	16,096	3,615

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	4,904	-
Taxation and social security	25,367	16,861
Accruals and deferred income	2,961	6,748
Other creditors	19,528	20,410
	52,760	44,019

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	-	874

9	Related party transactions

Transactions with related parties

During the year the company entered into the following transactions with related parties:

The company provided management services to a partnership operated by its directors. The company charged the partnership £5,000 for the year under review (2024: £5,000)

The company operates from premises owned by M S Hodgson a director of the company rent free.