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No description of principal activity
2021-07-01
Sage Accounts Production Advanced 2021 - FRS102_2021
649,058
58,367
64,231
45,819
597,375
597,375
649,058
xbrli:pure
xbrli:shares
iso4217:GBP
SC126941
2021-07-01
2022-06-30
SC126941
2022-06-30
SC126941
2020-07-01
2021-06-30
SC126941
2021-06-30
SC126941
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2022-06-30
SC126941
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2022-06-30
SC126941
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2021-06-30
SC126941
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2022-06-30
SC126941
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2021-06-30
SC126941
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2022-06-30
SC126941
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2021-06-30
SC126941
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core:Non-currentFinancialInstruments
2021-06-30
SC126941
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2022-06-30
SC126941
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core:Non-currentFinancialInstruments
2022-06-30
SC126941
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2022-06-30
SC126941
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2022-06-30
SC126941
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2022-06-30
SC126941
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2021-06-30
SC126941
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2022-06-30
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2022-06-30
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SC126941
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2022-06-30
SC126941
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2021-07-01
2022-06-30
SC126941
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2021-07-01
2022-06-30
SC126941
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2021-06-30
SC126941
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2022-06-30
SC126941
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2020-07-01
2021-06-30
COMPANY REGISTRATION NUMBER:
SC126941
|
William Hodge & Company (Holdings) Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
William Hodge & Company (Holdings) Limited |
|
|
Statement of Financial Position |
|
30 June 2022
Fixed assets
|
Investments |
5 |
597,375 |
649,058 |
|
|
|
|
Current assets
|
Debtors |
6 |
12,245 |
12,738 |
|
Cash at bank and in hand |
19,795 |
26,434 |
|
-------- |
-------- |
|
32,040 |
39,172 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
5,116 |
5,228 |
|
-------- |
-------- |
|
Net current assets |
26,924 |
33,944 |
|
--------- |
--------- |
|
Total assets less current liabilities |
624,299 |
683,002 |
|
|
|
|
Provisions
|
Taxation including deferred tax |
31,391 |
39,490 |
|
--------- |
--------- |
|
Net assets |
592,908 |
643,512 |
|
--------- |
--------- |
|
|
|
Capital and reserves
|
Called up share capital |
20,500 |
20,500 |
|
Profit and loss account |
572,408 |
623,012 |
|
--------- |
--------- |
|
Shareholders funds |
592,908 |
643,512 |
|
--------- |
--------- |
|
|
|
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 30 June 2022 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
William Hodge & Company (Holdings) Limited |
|
|
Statement of Financial Position (continued) |
|
30 June 2022
These financial statements were approved by the
board of directors
and authorised for issue on
24 March 2023
, and are signed on behalf of the board by:
Company registration number:
SC126941
|
William Hodge & Company (Holdings) Limited |
|
|
Notes to the Financial Statements |
|
Year ended 30 June 2022
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Mercantile Chambers, 53 Bothwell Street, Glasgow, G2 6TB.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
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 comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive 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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2021:
1
).
5.
Investments
|
Other investments other than loans |
|
£ |
|
Cost |
|
|
At 1 July 2021 |
649,058 |
|
Additions |
58,367 |
|
Disposals |
(
64,231) |
|
Revaluations |
(
45,819) |
|
--------- |
|
At 30 June 2022 |
597,375 |
|
--------- |
|
Impairment |
|
|
At 1 July 2021 and 30 June 2022 |
– |
|
--------- |
|
|
|
Carrying amount |
|
|
At 30 June 2022 |
597,375 |
|
--------- |
|
At 30 June 2021 |
649,058 |
|
--------- |
|
|
6.
Debtors
|
2022 |
2021 |
|
£ |
£ |
|
Other debtors |
12,245 |
12,738 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2022 |
2021 |
|
£ |
£ |
|
Social security and other taxes |
239 |
241 |
|
Other creditors |
4,877 |
4,987 |
|
------- |
------- |
|
5,116 |
5,228 |
|
------- |
------- |
|
|
|
8.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
Financial assets measured at fair value through profit or loss
|
Listed Investments |
597,375 |
649,058 |
|
--------- |
--------- |
|
|
|
9.
Related party transactions
During the year the
Director
received a salary
of £ 2,400
(2021: £ 2,400
), and dividends of £ 1,275
(2021: £ 1,275
). No other transactions with related parties were entered into in the period that are required to be disclosed under the terms of FRS 102 Section 1A.
