Ian Hazel Funerals Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 02118945

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		374,054		435,206
Investment Properties	6		707,499		556,488
Investments	7		11,902		11,902

			1,093,455		1,003,596
CURRENT ASSETS
Stocks	8	54,356		38,200
Debtors	9	165,248		204,800
Cash at bank and in hand		1,909,544		1,663,857

		2,129,148		1,906,857
Creditors: Amounts Falling Due Within One Year	10	(245,969 )		(209,577 )

NET CURRENT ASSETS (LIABILITIES)			1,883,179		1,697,280

TOTAL ASSETS LESS CURRENT LIABILITIES			2,976,634		2,700,876

PROVISIONS FOR LIABILITIES
Deferred Taxation			(135,500 )		(129,000 )

NET ASSETS			2,841,134		2,571,876

CAPITAL AND RESERVES
Called up share capital	11		45,000		45,000
Fair value reserve	15		413,290		281,179
Profit and Loss Account			2,382,844		2,245,697

SHAREHOLDERS' FUNDS			2,841,134		2,571,876

Page 1

Page 2

Ian Hazel Funerals Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 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

Mr A I Hazel Director	Mrs L A Hazel Director
16/04/2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Ian Hazel Funerals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02118945 . The registered office is 274 Lichfield Road, Sutton Coldfield, West Midlands, B74 2UH.

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

Turnover is the total amount receivable by the Company in the ordinary course of business for work executed and services provided.

Payments received by the Company in advance for disbursements are not recognised in the accounts until the date of the funeral.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, has been amortised evenly over its estimated useful life of 20 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2%, 5% and 10% straight line
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% reducing balance

2.6. Investment Properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

2.7. Leasing and Hire Purchase Contracts

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2.8. Stocks and Work in Progress

Stock in trade has been valued at the lower of cost or net realisable value.

2.9. Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

2.10. Pensions

The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

2.11. Government Grant

Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Page 3

Page 4

Ian Hazel Funerals Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.12. Pre-arranged Funeral Plans

The Company sells pre-arranged funeral plans, monies received from selling funeral plans being held either by independent pre-arranged funeral plan trusts or in whole of life assurance policies.

Payments are received by the Company from the trust or policy when the funeral is ultimately performed in accordance with the terms of the relevant trust's deed or policy arrangement.

Neither the sales value of plans nor the costs of providing funerals are recognised in the accounts of the Company when a pre-arranged funeral plan is sold.

2.13. Fixed asset investments

Fixed asset investments are stated at fair value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 20 (2024: 23)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	25,000

As at 31 October 2025	25,000

Amortisation
As at 1 November 2024	25,000

As at 31 October 2025	25,000

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost or Valuation
As at 1 November 2024	198,587	932,740	527,998	1,659,325

As at 31 October 2025	198,587	932,740	527,998	1,659,325

Depreciation
As at 1 November 2024	50,744	690,620	482,755	1,224,119
Provided during the period	3,677	48,426	9,049	61,152

As at 31 October 2025	54,421	739,046	491,804	1,285,271

Net Book Value
As at 31 October 2025	144,166	193,694	36,194	374,054

As at 1 November 2024	147,843	242,120	45,243	435,206

Included in freehold land and property are improvements to premises with a cost of £198,587.

Page 4

Page 5

Ian Hazel Funerals Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Investment Property

	2025
	£
Fair Value
As at 1 November 2024	556,488
Revaluations	151,011

As at 31 October 2025	707,499

7. Investments

	Other
	£
Cost or Valuation
As at 1 November 2024	11,902

As at 31 October 2025	11,902

Provision
As at 1 November 2024	-

As at 31 October 2025	-

Net Book Value
As at 31 October 2025	11,902

As at 1 November 2024	11,902

8. Stocks

	2025	2024
	£	£
Stock - Finished goods	54,356	38,200

9. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	99,273	88,366
Other debtors	61,975	110,034

	161,248	198,400
Due after more than one year
Other debtors	4,000	6,400

	165,248	204,800

Page 5

Page 6

Ian Hazel Funerals Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

10. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	112,777	79,998
Other creditors	44,017	99,282
Taxation and social security	89,175	30,297

	245,969	209,577

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	45,000	45,000

12. Contingent Assets

At 31st October 2025, the Company had contingent assets of monies received from selling funeral plans which were held in prepaid funeral trusts. The amounts held were as follows:

Ecclesiastical Life Ltd £3,000, Help the Aged £2,140, Golden Charter £12,963, Golden Leaves £21,822 and Pride Planning £12,030.

The amounts shown are prices at inception of the relevant policies and should return a higher figure at the time of need.

At 31st October 2025, the Company also had contingent assets of monies received from selling funeral plans which are held in a whole life assurance policy. The amounts held were as follows:

Perfect Choice with Ecclesiastical Life Ltd £1,305,445.

The amount shown is the actuarial value at 31st October 2025.

Neither the sales value of plans nor the cost of providing funerals are recognised in the accounts of the Company.

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	-	112,042
Later than one year and not later than five years	-	350,381

	-	462,423

14. Directors Advances, Credits and Guarantees

15. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 November 2024	281,179	2,245,697
Profit for the year and total comprehensive income	-	269,258

Transfer to/from Fair value reserve	-	(132,111)
Transfer to/from Profit & Loss Account	132,111	-

As at 31 October 2025	413,290	2,382,844

Page 6

Page 7

Ian Hazel Funerals Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

16. Related Party Transactions

The Company owed Mr A I Hazel £290 at 31st October 2025 (2024: £341). No interest has been charged in respect of this loan.

Page 7