ROBERT HYDE INVESTMENTS LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00621965 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

FOR

ROBERT HYDE INVESTMENTS LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

to

4

FIXED ASSETS

Investments

5

5,537,480

6,443,516

CURRENT ASSETS

Debtors

6

-

3,766

Cash at bank

1,426,849

1,115,095

1,426,849

1,118,861

CREDITORS

Amounts falling due within one year

7

(12,832

)

(41,542

)

NET CURRENT ASSETS

1,414,017

1,077,319

TOTAL ASSETS LESS CURRENT LIABILITIES

6,951,497

7,520,835

PROVISIONS FOR LIABILITIES

(375,301

)

(422,654

)

NET ASSETS

6,576,196

7,098,181

CAPITAL AND RESERVES

Called up share capital

372,624

372,624

Revaluation reserve

1,250,193

1,818,612

Capital redemption reserve

3,501,162

3,501,162

Other reserves

51,076

51,076

Retained earnings

1,401,141

1,354,707

6,576,196

7,098,181

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2023 and were signed on its behalf by:

Mr J A Hyde BSc - Director

1.	STATUTORY INFORMATION

ROBERT HYDE INVESTMENTS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00621965

Registered office:

Hyde Park

City Road

Stoke on Trent

Staffordshire

ST4 1DS

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Income from investments is included as revenue only to the extent that it has actually been received Interest receivable and all expenses are accounted for on an accruals basis.

Realised gains and losses on sale of investments, together with related taxation, are dealt with through the profit and loss accounts. If not distributed in the year they are transferred to the capital reserve net of a provision for corporation tax.

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.

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.

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 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

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4.	AUDITORS' REMUNERATION

5.4.23

5.4.22

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

594

600

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 6 April 2022

6,443,516

Additions

1,211,122

Disposals

(1,689,456

)

Revaluations

(427,702

)

At 5 April 2023

5,537,480

NET BOOK VALUE

At 5 April 2023

5,537,480

At 5 April 2022

6,443,516

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.23

5.4.22

£

£

Other debtors

-

3,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.23

5.4.22

£

£

Taxation and social security

11,517

40,938

Other creditors

1,315

604

12,832

41,542

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Reynolds (ACA) (Senior Statutory Auditor)

for and on behalf of DPC Accountants Ltd

9.	POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statements by the board.