Hibbert O'Shea Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07055685

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		300,000		300,000

			300,000		300,000
CURRENT ASSETS
Debtors	5	178,409		20,730
Cash at bank and in hand		45,649		216,430

		224,058		237,160
Creditors: Amounts Falling Due Within One Year	6	(25,340 )		(35,287 )

NET CURRENT ASSETS (LIABILITIES)			198,718		201,873

TOTAL ASSETS LESS CURRENT LIABILITIES			498,718		501,873

Creditors: Amounts Falling Due After More Than One Year	7		(209,344 )		(209,344 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,852 )		(3,852 )

NET ASSETS			285,522		288,677

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			285,422		288,577

SHAREHOLDERS' FUNDS			285,522		288,677

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Hibbert O'Shea Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M J Hibbert

Director

20 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hibbert O'Shea Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07055685 . The registered office is Palmerston House Farren Court, The Street, Cowfold, West Sussex, RH13 8BP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:

Income from investment properties

Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.

Service charge income is recognised as revenue in the period to which it relates.

Sale of trading properties

Turnover from the sale of trading properties is recognised in the income statement when the significant risks and rewards of ownership have been transferred to the buyer, which is usually at the completion.

Interest income

Revenue is recognised as interest accrues using the effective interest method.

2.3. Investment Properties

Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.

Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: 1)

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Hibbert O'Shea Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	300,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2024	2023
	£	£
Cost	279,725	279,725

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	159,350	1,500
Other debtors	19,059	19,230

	178,409	20,730

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	20,657	30,653
Other creditors	4,683	4,634

	25,340	35,287

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	209,344	209,344

8. Secured Creditors

Of the creditors the following amounts are secured over the protery at 79 South Street, Gloucester.

	2024		2023
	£		£
Other Creditors	209,344		209,344

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Hibbert O'Shea Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mark Hibbert	9,615	-	85	-	9,530
Mr Dominic O'Shea	9,615	-	85	-	9,530

The above loan is unsecured, interest free and repayable on demand.

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