REGISTERED NUMBER: 07534447 (England and Wales) |
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Report of the Director and |
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Unaudited Consolidated Financial Statements for the Year Ended 31 December 2019 |
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for |
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Hunterlodge Holdings Limited |
REGISTERED NUMBER: 07534447 (England and Wales) |
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Report of the Director and |
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Unaudited Consolidated Financial Statements for the Year Ended 31 December 2019 |
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for |
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Hunterlodge Holdings Limited |
Hunterlodge Holdings Limited (Registered number: 07534447) |
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Contents of the Consolidated Financial Statements |
for the Year Ended 31 December 2019 |
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Page |
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Company Information | 1 |
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Report of the Director | 2 |
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Consolidated Income Statement | 3 |
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Consolidated Balance Sheet | 4 |
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Company Balance Sheet | 6 |
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Consolidated Statement of Changes in Equity | 8 |
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Company Statement of Changes in Equity | 9 |
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Notes to the Consolidated Financial Statements | 10 |
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Hunterlodge Holdings Limited |
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Company Information |
for the Year Ended 31 December 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Trading as Lee & Co |
Chartered Accountants |
26 High Street |
Rickmansworth |
Hertfordshire |
WD3 1ER |
Hunterlodge Holdings Limited (Registered number: 07534447) |
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Report of the Director |
for the Year Ended 31 December 2019 |
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The director presents his report with the financial statements of the company and the group for the year |
ended 31 December 2019. |
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PRINCIPAL ACTIVITY |
The principal activity of the group in the year under review was that of a holding company for the |
advertising, media and strategic consultancy businesses of the group. The group provides its clients with |
the following services: advertising, creative, media buying / planning, digital services (including all social |
channels), strategic consultancy, CRM and all related marketing technologies. These activities are carried |
on through the Company's main subsidiaries namely Hunterlodge Advertising Limited and Hunterlodge |
Media Limited. |
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REVIEW OF BUSINESS |
On 1 January 2019 a group reorganisation was undertaken to separate the advertising and design activities |
from wider group interests. The table below sets out the 5 year trading history of the group as now |
constituted: |
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31.12.19 | 31.12.18 | 31.12.17 | 31.12.16 | 31.12.15 |
£'000 | £'000 | £'000 | £'000 | £'000 |
Turnover | 6,070 | 6,666 | 5,898 | 6,329 | 4,597 |
Profit before
tax |
473 |
432 |
411 |
520 |
141 |
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Company performance is currently in line with previous years and Covid-19 has not had a negative impact |
to the date of this report. |
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DIRECTOR |
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At the balance sheet date, Hunterlodge Limited owns 100% of the issued share capital of Hunterlodge |
Holdings Limited. The director Mr R E J Hunter controls Hunterlodge Limited. His shareholding is disclosed |
in the financial statements of that company. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 |
relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Hunterlodge Holdings Limited (Registered number: 07534447) |
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Consolidated Income Statement |
for the Year Ended 31 December 2019 |
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31.12.19 | 31.12.18 |
as restated |
Notes | £ | £ | £ | £ |
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TURNOVER | 6,069,786 | 6,666,451 |
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Cost of sales | 3,419,629 | 3,999,106 |
GROSS PROFIT | 2,650,157 | 2,667,345 |
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Distribution costs | 183,275 | 229,847 |
Administrative expenses | 1,992,638 | 2,002,166 |
2,175,913 | 2,232,013 |
OPERATING PROFIT | 4 | 474,244 | 435,332 |
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Interest receivable and similar income | 1,375 | 648 |
475,619 | 435,980 |
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Interest payable and similar expenses | 2,751 | 3,669 |
PROFIT BEFORE TAXATION | 472,868 | 432,311 |
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Tax on profit | 84,150 | 97,252 |
PROFIT FOR THE FINANCIAL YEAR |
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Profit attributable to: |
Owners of the parent | 388,718 | 335,059 |
Hunterlodge Holdings Limited (Registered number: 07534447) |
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Consolidated Balance Sheet |
31 December 2019 |
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31.12.19 | 31.12.18 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 | 102,468 | 132,384 |
Investments | 8 | - | 24,239 |
102,468 | 156,623 |
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CURRENT ASSETS |
Stocks | 24,910 | 10,390 |
Debtors | 9 | 1,649,631 | 1,157,073 |
Cash at bank and in hand | 92,946 | 742,832 |
1,767,487 | 1,910,295 |
CREDITORS |
Amounts falling due within one year | 10 | 1,385,477 | 1,517,975 |
NET CURRENT ASSETS | 382,010 | 392,320 |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
484,478 |
548,943 |
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CREDITORS |
Amounts falling due after more than
one year |
11 |
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(52,850 |
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PROVISIONS FOR LIABILITIES | (18,282 | ) | (30,615 | ) |
NET ASSETS | 466,196 | 465,478 |
Hunterlodge Holdings Limited (Registered number: 07534447) |
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Consolidated Balance Sheet - continued |
31 December 2019 |
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31.12.19 | 31.12.18 |
as restated |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 12 | 103 | 103 |
Retained earnings | 466,093 | 465,375 |
SHAREHOLDERS' FUNDS | 466,196 | 465,478 |
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The company and the group are entitled to exemption from audit under Section 477 of the Companies Act |
2006 for the year ended 31 December 2019. |
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The members have not required the company and the group to obtain an audit of its financial statements |
for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006. |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the group 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
and the group as at the end of each financial year and of the group's 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 and the group. |
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The financial statements have been prepared in accordance with the provisions applicable to companies |
subject to the small companies regime. |
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The financial statements were approved by the director and authorised for issue on 7 July 2020 and were |
signed by: |
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R E J Hunter - Director |
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Hunterlodge Holdings Limited (Registered number: 07534447) |
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Company Balance Sheet |
31 December 2019 |
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31.12.19 | 31.12.18 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 |
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Investments | 8 |
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CURRENT ASSETS |
Debtors | 9 |
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CREDITORS |
Amounts falling due within one year | 10 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 12 |
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SHAREHOLDERS' FUNDS |
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Company's profit for the financial year | 388,000 | - |
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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. |
Hunterlodge Holdings Limited (Registered number: 07534447) |
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Company Balance Sheet - continued |
31 December 2019 |
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The financial statements were approved by the director and authorised for issue on
signed by: |
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Hunterlodge Holdings Limited (Registered number: 07534447) |
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Consolidated Statement of Changes in Equity |
for the Year Ended 31 December 2019 |
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Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
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Balance at 1 January 2018 | 103 | 420,316 | 420,419 |
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Changes in equity |
Dividends | - | (290,000 | ) | (290,000 | ) |
Total comprehensive income | - | 335,059 | 335,059 |
Balance at 31 December 2018 | 103 | 465,375 | 465,478 |
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Changes in equity |
Dividends | - | (388,000 | ) | (388,000 | ) |
Total comprehensive income | - | 388,718 | 388,718 |
Balance at 31 December 2019 | 103 | 466,093 | 466,196 |
Hunterlodge Holdings Limited (Registered number: 07534447) |
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Company Statement of Changes in Equity |
for the Year Ended 31 December 2019 |
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Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
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Balance at 1 January 2018 |
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Changes in equity |
Balance at 31 December 2018 |
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Changes in equity |
Issue of share capital |
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- |
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Dividends | - | ( |
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Total comprehensive income | - |
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Balance at 31 December 2019 |
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Hunterlodge Holdings Limited (Registered number: 07534447) |
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Notes to the Consolidated Financial Statements |
for the Year Ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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Hunterlodge Holdings Limited is a
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Wales. The company's registered number and registered office address can be found on the General |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Basis of consolidation |
The group financial statements consolidate the financial statements of Hunterlodge Holdings Limited |
and all its subsidiary undertakings drawn up to 31 December each year. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and |
handling costs in bringing stocks to their present location and condition. |
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Financial instruments |
Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are |
measured initially at fair value, net of transaction costs, and are measured subsequently at |
amortised cost using the effective interest method, less any impairment. |
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Creditors |
Short term trade creditors are measured at the transaction price. Other financial liabilities, including |
bank loans, are measured initially at fair value, net of transaction costs, and are measured |
subsequently at amortised cost using the effective interest method. |
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Hunterlodge Holdings Limited (Registered number: 07534447) |
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Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2019 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated |
Income Statement, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
held under finance leases are depreciated over their estimated useful lives or the lease term, |
whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Pension costs and other post-retirement benefits |
The group operates a defined contribution pension scheme. Contributions payable to the group's |
pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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The average number of employees by undertakings that were proportionately consolidated during |
the year was 40 (2018 - 36 ) . |
Hunterlodge Holdings Limited (Registered number: 07534447) |
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Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2019 |
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4. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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31.12.19 | 31.12.18 |
as |
restated |
£ | £ |
Depreciation - owned assets |
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5. | INDIVIDUAL INCOME STATEMENT |
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As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent |
company is not presented as part of these financial statements. |
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6. | PRIOR YEAR ADJUSTMENT |
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A prior year adjustment has been made to reallocate certain expenses out of cost of sales and into |
administration expenses as the directors believe this to be a more accurate reflection of their |
nature. |
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7. | TANGIBLE FIXED ASSETS |
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Group |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2019 |
and 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
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Charge for year |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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Hunterlodge Holdings Limited (Registered number: 07534447) |
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Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2019 |
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7. | TANGIBLE FIXED ASSETS - continued |
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Group |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
At 1 January 2019 |
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Transfer to ownership | (94,050 | ) |
At 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
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Charge for year |
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Transfer to ownership | (44,470 | ) |
At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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8. | FIXED ASSET INVESTMENTS |
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Group |
Other |
investments |
£ |
COST |
At 1 January 2019 | 24,239 |
Disposals | (24,239 | ) |
At 31 December 2019 | - |
NET BOOK VALUE |
At 31 December 2019 | - |
At 31 December 2018 | 24,239 |
Hunterlodge Holdings Limited (Registered number: 07534447) |
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Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2019 |
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8. | FIXED ASSET INVESTMENTS - continued |
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Company |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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Shares in group undertakings comprises 100% of the issued share capital in Hunter Lodge |
Advertising Limited and Hunterlodge Media Limited. |
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9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Group | Company |
31.12.19 | 31.12.18 | 31.12.19 | 31.12.18 |
as
restated |
as
restated |
£ | £ | £ | £ |
Trade debtors | 1,267,638 | 808,201 |
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Amounts owed by group undertakings | 334,947 | 293,630 |
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Other debtors | 47,046 | 55,242 |
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1,649,631 | 1,157,073 |
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10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Group | Company |
31.12.19 | 31.12.18 | 31.12.19 | 31.12.18 |
as
restated |
as
restated |
£ | £ | £ | £ |
Hire purchase contracts | - | 5,413 |
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Trade creditors | 407,816 | 481,355 |
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Amounts owed to group undertakings | - | - |
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Taxation and social security | 240,860 | 157,269 |
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Other creditors | 736,801 | 873,938 |
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1,385,477 | 1,517,975 |
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Hunterlodge Holdings Limited (Registered number: 07534447) |
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Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2019 |
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11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
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Group |
31.12.19 | 31.12.18 |
as |
restated |
£ | £ |
Hire purchase contracts | - | 52,850 |
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12. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal | 31.12.19 | 31.12.18 |
value: |
as
restated |
£ | £ |
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Share capital 1 | £1 | 103 | 103 |
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102 Ordinary shares of £1 each were allotted
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