Company Registration No. 03056728 (England and Wales)
Hogan Limited
Unaudited Financial Statements
for the year ended 31 May 2023
Hogan Limited
Unaudited Financial Statements
Contents
Hogan Limited
Company Information
for the year ended 31 May 2023
Company Number
03056728 (England and Wales)
Registered Office
6 Matheson House
Coleridge Gardens
London
SW10 0RR
Accountants
Finovium & Co
7 Bell Yard
London
WC2A 2JR
Hogan Limited
Statement of financial position
as at 31 May 2023
Tangible assets
2,061
1,727
Investments
613,897
613,897
Cash at bank and in hand
10,993
6,304
Creditors: amounts falling due within one year
(147,359)
(149,132)
Net current liabilities
(109,595)
(129,076)
Total assets less current liabilities
506,363
486,548
Creditors: amounts falling due after more than one year
(21,468)
(30,647)
Net assets
484,895
455,901
Called up share capital
2
2
Profit and loss account
484,893
455,899
Shareholders' funds
484,895
455,901
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 April 2024 and were signed on its behalf by
Peter Hogan
Director
Company Registration No. 03056728
Hogan Limited
Notes to the Accounts
for the year ended 31 May 2023
Hogan Limited is a private company, limited by shares, registered in England and Wales, registration number 03056728. The registered office is 6 Matheson House, Coleridge Gardens, London, SW10 0RR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments in shares and other assets are included at cost and reviewed annually for impairment.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Reducing Balance @ 20% pa
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Hogan Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Transactions with related parties
During the year the company purchased additional cars as investments totalling £51,500 (2021: £257,414). The cars were purchased in the name of the director who is listed as the registered keeper although trust agreements are in place which show that the beneficial owner of the cars is Hogan Limited.
Throughout the year the director managed £72,000 (2021: £72,000) of cash for the purposes of investing in listed shares on the London Stock Exchange on behalf of the company. A trust agreement is in place between the company and the director which shows that the sole beneficial owner of the investment made on behalf of the company is Hogan Limited.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
