Company Registration No. 03506832 (England and Wales)
HEDLEY PRICE FUNERAL DIRECTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
HEDLEY PRICE FUNERAL DIRECTORS LIMITED
COMPANY INFORMATION
Directors
Mr H A J Price
Mrs A E Price
Mrs J Disney
Secretary
Mrs J Disney
Company number
03506832
Registered office
Hillside
The Holloway
Minehead
Somerset
TA24 5NR
Accountants
Apsleys Chartered Accountants
21 Bampton Street
Tiverton
Devon
EX16 6AA
HEDLEY PRICE FUNERAL DIRECTORS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
HEDLEY PRICE FUNERAL DIRECTORS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
165,533
176,841
Investment properties
4
900,000
910,000
1,065,533
1,086,841
Current assets
Stocks
9,624
10,667
Debtors
5
106,919
132,346
Cash at bank and in hand
669,519
593,293
786,062
736,306
Creditors: amounts falling due within one year
6
(112,189)
(57,488)
Net current assets
673,873
678,818
Total assets less current liabilities
1,739,406
1,765,659
Provisions for liabilities
(43,050)
(44,950)
Net assets
1,696,356
1,720,709
Capital and reserves
Called up share capital
7
1,025
1,025
Non distributable reserve
232,800
222,800
Capital redemption reserve
200
200
Profit and loss reserves
1,462,331
1,496,684
Total equity
1,696,356
1,720,709
HEDLEY PRICE FUNERAL DIRECTORS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2026
28 February 2026
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 10 July 2026 and are signed on its behalf by:
Mr H A J Price
Director
Company Registration No. 03506832
HEDLEY PRICE FUNERAL DIRECTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 3 -
1
Accounting policies
Company information

Hedley Price Funeral Directors Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2
Turnover

Turnover represents the total invoice value of sales made during the year.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cos t, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
10% straight line
Fixtures, fittings & equipment
20% reducing balance
Computer equipment
25% straight line
Motor vehicles
25%/ 15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.5
Stocks

Stocks are stated at the lower of cost and net realisable value.

HEDLEY PRICE FUNERAL DIRECTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 4 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.7
Financial instruments

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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

The company operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are payable.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 10 (2025 - 13).

HEDLEY PRICE FUNERAL DIRECTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 5 -
3
Tangible fixed assets
Land and buildings Freehold
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 March 2025
414,556
102,004
30,187
286,156
832,903
Additions
-
0
-
0
4,716
-
0
4,716
At 28 February 2026
414,556
102,004
34,903
286,156
837,619
Depreciation and impairment
At 1 March 2025
313,441
74,649
25,841
242,131
656,062
Depreciation charged in the year
(1,654)
5,471
3,497
8,710
16,024
At 28 February 2026
311,787
80,120
29,338
250,841
672,086
Carrying amount
At 28 February 2026
102,769
21,884
5,565
35,315
165,533
At 28 February 2025
101,115
27,355
4,346
44,025
176,841
4
Investment property
2026
£
Fair value
At 1 March 2025
910,000
Revaluations
(10,000)
At 28 February 2026
900,000
Investment properties were valued at fair value by the directors as at 28 February 2025.
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
98,701
115,510
Unpaid share capital
425
425
Other debtors
2,690
7,462
Prepayments and accrued income
5,103
8,949
106,919
132,346
HEDLEY PRICE FUNERAL DIRECTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 6 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
37,774
39,067
Corporation tax
12,160
1,926
Other taxation and social security
4,352
2,709
Other creditors
54,303
10,186
Accruals and deferred income
3,600
3,600
112,189
57,488
7
Called up share capital
2026
2025
£
£
Ordinary share capital
Issued and fully paid
100 Class A ordinary shares of £1 each
100
100
100 Class B ordinary shares of £1 each
100
100
825 Class C ordinary shares of £1 each
825
825
1,025
1,025
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