George A Hurley Limited - Accounts to registrar (filleted) - small 23.1.2

George A Hurley Limited - Accounts to registrar (filleted) - small 23.1.2

GEORGE A.HURLEY LIMITED - Company Information

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REGISTERED NUMBER: 00567342 (England and Wales)














George A Hurley Limited

Unaudited Financial Statements

For The Year Ended 31 December 2022





George A Hurley Limited (Registered number: 00567342)






Contents of the Financial Statements
For The Year Ended 31 December 2022




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Statement of Financial Position 3

Notes to the Financial Statements 5


George A Hurley Limited

Company Information
For The Year Ended 31 December 2022







DIRECTOR: R G Hurley





SECRETARY: Mrs J A Lovatt





REGISTERED OFFICE: Woodside
Sands Road
Hunmanby Gap
FILEY
North Yorkshire
YO14 9QW





REGISTERED NUMBER: 00567342 (England and Wales)





ACCOUNTANTS: Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
George A Hurley Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of George A Hurley Limited for the year ended 31 December 2022 which comprise the Income Statement, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of George A Hurley Limited in accordance with the terms of our engagement letter dated 13 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of George A Hurley Limited and state those matters that we have agreed to state to the director of George A Hurley Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than George A Hurley Limited and its director for our work or for this report.

It is your duty to ensure that George A Hurley Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of George A Hurley Limited. You consider that George A Hurley Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of George A Hurley Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED


19 April 2023

This page does not form part of the statutory financial statements

Page 2
George A Hurley Limited (Registered number: 00567342)

Abridged Statement of Financial Position
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,265 1,687
Investment property 5 1,785,000 1,785,000
1,786,265 1,786,687

CURRENT ASSETS
Debtors 10,625 10,625
Cash at bank 427,985 379,371
438,610 389,996
CREDITORS
Amounts falling due within one year 38,768 40,638
NET CURRENT ASSETS 399,842 349,358
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,186,107
2,136,045

PROVISIONS FOR LIABILITIES 172,604 172,685
NET ASSETS 2,013,503 1,963,360

CAPITAL AND RESERVES
Called up share capital 900 900
Revaluation reserve 6 1,729,878 1,729,878
Retained earnings 6 282,725 232,582
SHAREHOLDERS' FUNDS 2,013,503 1,963,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 3 continued...
George A Hurley Limited (Registered number: 00567342)

Abridged Statement of Financial Position - continued
31 December 2022


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 19 April 2023 and were signed by:





R G Hurley - Director


The notes form part of these financial statements

Page 4
George A Hurley Limited (Registered number: 00567342)

Notes to the Financial Statements
For The Year Ended 31 December 2022

1. STATUTORY INFORMATION

George A Hurley 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable on investment properties, excluding value added tax.

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Page 5 continued...
George A Hurley Limited (Registered number: 00567342)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2022
and 31 December 2022 9,480
DEPRECIATION
At 1 January 2022 7,793
Charge for year 422
At 31 December 2022 8,215
NET BOOK VALUE
At 31 December 2022 1,265
At 31 December 2021 1,687

Cost or valuation at 31 December 2022 is represented by:

Totals
£   
Cost 9,480

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 1,785,000
NET BOOK VALUE
At 31 December 2022 1,785,000
At 31 December 2021 1,785,000

R G Hurley is a director of the company.

6. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2022 232,582 1,729,878 1,962,460
Profit for the year 95,143 95,143
Dividends (45,000 ) (45,000 )
At 31 December 2022 282,725 1,729,878 2,012,603

Page 6