Registration number: 00739970

Hodges Coaches (Sandhurst) Limited

(Registration number: 00739970)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,719,616	2,424,774
Current assets
Stocks	5	14,438	15,736
Debtors	6	169,870	115,455
Cash at bank and in hand		411,524	511,845
		595,832	643,036
Creditors: Amounts falling due within one year	7	(541,351)	(670,644)
Net current assets/(liabilities)		54,481	(27,608)
Total assets less current liabilities		2,774,097	2,397,166
Creditors: Amounts falling due after more than one year	7	(521,436)	(398,750)
Provisions for liabilities		(613,285)	(563,575)
Net assets		1,639,376	1,434,841
Capital and reserves
Called up share capital		180,000	180,000
Capital redemption reserve		161,499	161,499
Other reserves		120,000	120,000
Profit and loss account		1,177,877	973,342
Shareholders' funds		1,639,376	1,434,841

For the financial year ending 31 December 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 28 May 2026 and signed on its behalf by:
 

Hodges Coaches (Sandhurst) Limited

(Registration number: 00739970)
Statement of Financial Position as at 31 December 2025

......................................... Mr M Hodge Company secretary and director

Hodges Coaches (Sandhurst) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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: Deepnell House, 100 Yorktown Road, Sandhurst, Berkshire, GU47 9BH.

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.

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.

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.

Hodges Coaches (Sandhurst) Limited

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

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	0%
Fixtures and fittings	Reducing balance 10%
Plant and machinery	Reducing balance 10%
Motor vehicles	Straight line 12 years of depreciable cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Hodges Coaches (Sandhurst) Limited

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

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2024 - 24).

Hodges Coaches (Sandhurst) Limited

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

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	354,879	199,604	109,951	3,200,450	3,864,884
Additions	-	17,217	-	560,000	577,217
Disposals	-	(1,705)	-	(199,950)	(201,655)
Transfers	-	(8,990)	8,990	-	-
At 31 December 2025	354,879	206,126	118,941	3,560,500	4,240,446
Depreciation
At 1 January 2025	-	143,657	44,669	1,251,784	1,440,110
Charge for the year	-	6,251	7,607	191,831	205,689
Eliminated on disposal	-	-	-	(124,969)	(124,969)
At 31 December 2025	-	149,908	52,276	1,318,646	1,520,830
Carrying amount
At 31 December 2025	354,879	56,218	66,665	2,241,854	2,719,616
At 31 December 2024	354,879	55,947	65,282	1,948,666	2,424,774

Included within the net book value of land and buildings above is £354,879 (2024 - £354,879) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	14,438	15,736

6

Debtors

	2025 £	2024 £
Trade debtors	129,539	105,878
Other debtors	20,008	9,577
Prepayments	20,323	-
	169,870	115,455

Hodges Coaches (Sandhurst) Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	8	323,362	315,508
Trade creditors		9,158	21,354
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	129,587	158,387
Taxation and social security		56,906	139,749
Accruals and deferred income		18,459	-
Other creditors		3,879	35,646
		541,351	670,644

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £662,860 (2024 - £499,114).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	521,436	398,750

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	11,020
Hire purchase contracts	456,242	288,009
Other borrowings	65,194	99,721
	521,436	398,750

Hodges Coaches (Sandhurst) Limited

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

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,277	4,822
Bank overdrafts	76,059	67,310
Hire purchase contracts	206,618	211,105
Other borrowings	35,408	32,271
	323,362	315,508

9	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Repayments by director £	At 31 December 2025 £
Loan to directors; unsecured, interest free and repayable on demand	2,989	(2,989)	-

2024	At 1 January 2024 £	Advances to director £	Other payments made to company by director £	At 31 December 2024 £
Loan to directors; unsecured, interest free and repayable on demand	(59,739)	63,928	(1,200)	2,989

10	Parent and ultimate parent undertaking

The company's immediate parent is Hodges Travel Limited, incorporated in England and Wales.

  These financial statements are available upon request from Deepnell House, 100 Yorktown Road, Sandhurst, Berkshire, GU47 9BH.