P & S Hockin Limited 08554155 false 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is commercial property rental. Digita Accounts Production Advanced 6.30.9574.0 true true 08554155 2024-08-01 2025-07-31 08554155 2025-07-31 08554155 core:CurrentFinancialInstruments 2025-07-31 08554155 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 08554155 core:LandBuildings core:OwnedOrFreeholdAssets 2025-07-31 08554155 1 2025-07-31 08554155 bus:SmallEntities 2024-08-01 2025-07-31 08554155 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 08554155 bus:FilletedAccounts 2024-08-01 2025-07-31 08554155 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 08554155 bus:RegisteredOffice 2024-08-01 2025-07-31 08554155 bus:CompanySecretaryDirector1 2024-08-01 2025-07-31 08554155 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 08554155 core:LandBuildings 2024-08-01 2025-07-31 08554155 countries:EnglandWales 2024-08-01 2025-07-31 08554155 1 2024-08-01 2025-07-31 08554155 2024-07-31 08554155 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 08554155 1 2024-07-31 08554155 2023-08-01 2024-07-31 08554155 2024-07-31 08554155 core:CurrentFinancialInstruments 2024-07-31 08554155 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 08554155 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 08554155 1 2024-07-31 08554155 1 2023-08-01 2024-07-31 08554155 1 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 08554155

P & S Hockin Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

P & S Hockin Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 6

P & S Hockin Limited

(Registration number: 08554155)
Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 7,167,962 | 7,167,962
Current assets |  |  |
Debtors | 5 | 4,300,000 | 4,050,000
Cash at bank and in hand |  | 34,078 | 53,714
|  | 4,334,078 | 4,103,714
Creditors: Amounts falling due within one year | 6 | (678,090) | (707,333)
Net current assets |  | 3,655,988 | 3,396,381
Total assets less current liabilities |  | 10,823,950 | 10,564,343
Provisions for liabilities |  | (92,349) | (90,970)
Net assets |  | 10,731,601 | 10,473,373
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 10,731,599 | 10,473,371
Shareholders' funds |  | 10,731,601 | 10,473,373

For the financial year ending 31 July 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 10 April 2026 and signed on its behalf by:

Mr Peter Hockin Company secretary and director

P & S Hockin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 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:
Caddsdown Industrial Park
Clovelly Road
Bideford
Devon
EX39 3DX

Principal activity

The principal activity of the company is commercial property rental.

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 financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

P & S Hockin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
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
Land and buildings | Not depreciated

P & S Hockin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Impairment

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

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.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

P & S Hockin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 August 2024 | 7,490,854 | 7,490,854
At 31 July 2025 | 7,490,854 | 7,490,854
Depreciation
At 1 August 2024 | 322,892 | 322,892
At 31 July 2025 | 322,892 | 322,892
Carrying amount
At 31 July 2025 | 7,167,962 | 7,167,962
At 31 July 2024 | 7,167,962 | 7,167,962

Included in the cost of freehold land and buildings above is £589,030 relating to land which is not depreciated. The above land and buildings relate to investment properties. The investment properties have been valued by the directors as at 31 July 2025.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 4,300,000 | 4,050,000
| 4,300,000 | 4,050,000

P & S Hockin Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 43 | 4,623
Taxation and social security | 90,862 | 54,511
Accruals and deferred income | 2,688 | 2,500
Other creditors | 584,497 | 645,699
| 678,090 | 707,333

There is an unlimited cross guarantee dated 2 August 2018 given by Devonshire Pine (Holdings) Ltd,
Devonshire Pine Ltd and P & S Hockin Ltd. This is secured by a debenture dated 24 September 2015
given by P & S Hockin Ltd.

7 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

8 | Related party transactions

Transactions with directors

2025 | At 1 August 2024 £ | Advances to director £ | At 31 July 2025 £
The director | (115,924) | 4,802 | (111,122)

2024 | At 1 August 2023 £ | Advances to director £ | At 31 July 2024 £
The director | (119,299) | 3,375 | (115,924)

The loan is repayable on demand and overdrawn balances are charged interest at HMRC's official rate.