REGISTERED NUMBER: 06717599 (England and Wales)

GRAEME HUNT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31ST JANUARY 2024 TO 29TH JANUARY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G B Hunt

Mrs B Spurrell Hunt

REGISTERED OFFICE:

Second Floor

34 Lime Street

London

EC3M 7AT

REGISTERED NUMBER:

06717599 (England and Wales)

ACCOUNTANTS:

Carston ETL

Chartered Accountants

Second Floor

34 Lime Street

London

EC3M 7AT

FIXED ASSETS

Tangible assets

4

29,545

31,286

CURRENT ASSETS

Stocks

469,169

683,351

Debtors

5

156,575

214,298

Cash at bank

-

165,676

625,744

1,063,325

CREDITORS

Amounts falling due within one year

6

683,739

1,121,445

NET CURRENT LIABILITIES

(57,995

)

(58,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,450

)

(26,834

)

CREDITORS

Amounts falling due after more than one year

7

5,000

13,334

NET LIABILITIES

(33,450

)

(40,168

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(33,550

)

(40,268

)

SHAREHOLDERS' FUNDS

(33,450

)

(40,168

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th August 2026 and were signed on its behalf by:

Mr G B Hunt - Director

1.	STATUTORY INFORMATION

Graeme Hunt Limited is a private company, limited by shares, registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in pound sterling, which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared on the going concern basis. The company is reliant upon the continuing support of its creditors. If those supports were to be withdrawn the company would be unable to continue in operational existence. Adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for further liabilities which may arise. The company is unable to quantify the effects of such adjustments on the financial statements. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.

The significant accounting policies applied in the preparation of the financial statements are set out below and have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents net proceeds from the sale and repairs and servicing of second hand cars.

Income from sales of second hand cars is recognised when (a) the significant risk and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the cars and (c) the amount of revenue can be measured reliably.

Revenue from repairs and servicing of second hand cars is recognised when the value of the work done in the year can be measured reliably. Revenue in respect of on-going work is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are initially recorded at cost. Depreciation and impairment are provided on this assets when deemed necessary.

Depreciation is calculated by taking the difference between the purchase price and the estimated residual value and then splitting this amount over the estimated useful economic life of the asset.

The depreciation charge is recognised in the profit and loss account.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Revenue recognition

Revenue is recognised in the accounts once the transfer of risks and rewards have been passed onto the customer. Revenue is shown net of value added tax and trade discounts.

Basic financial instruments

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs.

Subsequent to initial recognition, they are measured at transaction price less any impairment losses.

Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and deposits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 31st January 2024

33,588

7,464

9,526

50,578

Additions

-

1,441

621

2,062

At 29th January 2025

33,588

8,905

10,147

52,640

DEPRECIATION

At 31st January 2024

3,359

7,082

8,851

19,292

Charge for period

3,023

456

324

3,803

At 29th January 2025

6,382

7,538

9,175

23,095

NET BOOK VALUE

At 29th January 2025

27,206

1,367

972

29,545

At 30th January 2024

30,229

382

675

31,286

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

143,815

109,919

Other debtors

12,760

104,379

156,575

214,298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,220

-

Trade creditors

465,103

886,893

Amounts owed to associates

42,153

27,388

Taxation and social security

64,892

63,963

Other creditors

110,371

143,201

683,739

1,121,445

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

5,000

13,334

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1

100

100