Hemstock's Jewellers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04470094

Hemstock's Jewellers Limited

Unaudited financial statements

31 October 2025

Hemstock's Jewellers Limited

Statement of financial position

31 October 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	17,050	15,070
Investments	6	986,778	986,778
		-----------	-----------
		1,003,828	1,001,848

Current assets

Stocks		270,328	255,614
Debtors	7	50,500	41,018
Cash at bank and in hand		100	7,453
		---------	---------
		320,928	304,085

Creditors: Amounts falling due within one year	8	( 942,902)		( 888,348)
		---------		---------
Net current liabilities			( 621,974)		( 584,263)
			-----------		-----------
Total assets less current liabilities			381,854		417,585

Creditors: Amounts falling due after more than one year	9		–		( 9,569)

Provisions

Taxation including deferred tax	( 3,161)	( 3,636)
	---------	---------
Net assets	378,693	404,380
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	378,593	404,280
	---------	---------
Shareholders funds	378,693	404,380
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Hemstock's Jewellers Limited

Statement of financial position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 30 June 2026 , and are signed on behalf of the board by:

M K Whittam
Director

Company registration number: 04470094

Hemstock's Jewellers Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 London Street, Norwich, Norfolk, NR2 1HU. The trading addresses of the company are 6 Mere Street, Diss, IP22 4AD and 37 Market Street, Wymondham, NR18 0AJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: Determination of stock value Using the information available at the reporting date, the director makes judgements based on experience on the level of provision required for impairment of stock. Further information received after the reporting date may impact on the level of provisions required.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehansive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	10% straight line
Fixtures and fittings	-	15% reducing balance
Equipment	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Where items of stock are identified as wasted, obsolete, or no longer saleable at full value, they are written down to their estimated recoverable amount. Items with no recoverable amount are written off in full. Stock write downs are recognised as an expense in profit or loss in the period to which they relate.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at transaction price where the arrangement has no stated interest rate or repayment terms, otherwise it is measured at amortised cost. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 11 (2024: 14 ).

5. Tangible assets

	Property improve- ments	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 November 2024	14,993	93,163	1,342	109,498
Additions	–	2,200	2,846	5,046
Disposals	–	( 2,498)	–	( 2,498)
	-------	-------	------	---------
At 31 October 2025	14,993	92,865	4,188	112,046
	-------	-------	------	---------
Depreciation
At 1 November 2024	14,993	78,093	1,342	94,428
Charge for the year	–	2,242	332	2,574
Disposals	–	( 2,006)	–	( 2,006)
	-------	-------	------	---------
At 31 October 2025	14,993	78,329	1,674	94,996
	-------	-------	------	---------
Carrying amount
At 31 October 2025	–	14,536	2,514	17,050
	-------	-------	------	---------
At 31 October 2024	–	15,070	–	15,070
	-------	-------	------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 November 2024 and 31 October 2025	986,778
	---------
Impairment
At 1 November 2024 and 31 October 2025	–
	---------

Carrying amount
At 31 October 2025	986,778
	---------
At 31 October 2024	986,778
	---------

7. Debtors

	2025	2024
	£	£
Other debtors	50,500	41,018
	-------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	32,446	17,667
Trade creditors	48,270	41,676
Amounts owed to group undertakings	757,806	695,833
Social security and other taxes	19,985	48,365
Other creditors	84,395	84,807
	---------	---------
	942,902	888,348
	---------	---------

9. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	9,569
	----	------

10. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	18,000	17,250
Later than 1 year and not later than 5 years	27,000	6,333
	-------	-------
	45,000	23,583
	-------	-------

11. Cross company guarantees

At the reporting date, the Company had an outstanding guarantee to secure a debenture held by W.R.Bullen,Limited, a wholely owned subsidiary. The maximum amount secured under this arrangement totals £85,576.

12. Director's advances, credits and guarantees

Included in other debtors is an amount advanced to C J F Hemstock totalling £39,895 (2024: £30,230). The maximum balance advanced during the year was £58,406. Interest of £1,340 (2024: £931) was charged at the official rates.

13. Related party transactions

At the reporting date, the Company had an outstanding loan balance of £757,806 (2024: £695,833) due to W.R.Bullen,Limited, a fully owned subsidiary. The loan is interest-free, unsecured, and repayable on demand.