Company registration number:
for the Year Ended
G.W. Hurley & Sons Limited
Contents
Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
G.W. Hurley & Sons Limited
(Registration number: 01475578)
Balance Sheet as at 31 December 2019
Note |
2019 |
2018 |
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Fixed assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Fair value reserve |
167,705 |
167,705 |
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Profit and loss account |
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Total equity |
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G.W. Hurley & Sons Limited
(Registration number: 01475578)
Balance Sheet as at 31 December 2019
For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.
Approved and authorised by the
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G.W. Hurley & Sons Limited
Statement of Changes in Equity
for the Year Ended 31 December 2019
Ordinary share capital |
Fair value reserve |
Profit and loss reserve |
Total |
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At 1 January 2019 |
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Movement in year : |
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Profit for the year |
- |
- |
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Total comprehensive income |
- |
- |
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Dividends |
- |
- |
( |
( |
Total movement for the year |
- |
- |
6,513 |
6,513 |
At 31 December 2019 |
100 |
167,705 |
159,421 |
327,226 |
Ordinary share capital |
Fair value reserve |
Profit and loss reserve |
Total |
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At 1 January 2018 |
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Movement in year : |
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Profit for the year |
- |
- |
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Total comprehensive income |
- |
- |
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Dividends |
- |
- |
( |
( |
Total movement for the year |
- |
- |
6,779 |
6,779 |
At 31 December 2018 |
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G.W. Hurley & Sons Limited
Notes to the Financial Statements
for the Year Ended 31 December 2019
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are presented in Sterling (£).
Turnover recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of property in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Investment property
G.W. Hurley & Sons Limited
Notes to the Financial Statements
for the Year Ended 31 December 2019
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year was
Investment properties |
2019 |
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At 1 January 2019 |
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The investment property was revalued in 2019 by the director. The basis of the valuation was open market basis. This class of asset has a current value of £198,118 (2018 £198,118) and a carrying amount at historical cost of £49,777.
There has been no valuation of investment property by an independent valuer.
G.W. Hurley & Sons Limited
Notes to the Financial Statements
for the Year Ended 31 December 2019
Investments |
2019 |
2018 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 January 2019 |
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Provision |
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Carrying amount |
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At 31 December 2019 |
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At 31 December 2018 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2019 |
2018 |
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Subsidiary undertakings |
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3 Filers Way |
Ordinary |
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England & Wales |
The principal activity of W E Salway Limited was of ironmongers, which has now ceased to trade. The property from which the company traded is currently for sale on the open market.
Debtors |
2019 |
2018 |
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Amounts owed by group undertakings |
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Total current trade and other debtors |
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G.W. Hurley & Sons Limited
Notes to the Financial Statements
for the Year Ended 31 December 2019
Creditors |
Creditors: amounts falling due within one year
2019 |
2018 |
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Due within one year |
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Corporation tax |
385 |
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Other creditors |
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