REGISTERED NUMBER: 07534447 (England and Wales) |
Report of the Director and |
Unaudited Consolidated Financial Statements for the Year Ended 31 December 2022 |
for |
Hunterlodge Group Limited |
REGISTERED NUMBER: 07534447 (England and Wales) |
Report of the Director and |
Unaudited Consolidated Financial Statements for the Year Ended 31 December 2022 |
for |
Hunterlodge Group Limited |
Hunterlodge Group Limited (Registered number: 07534447) |
Contents of the Consolidated Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Consolidated Income Statement | 3 |
Consolidated Balance Sheet | 4 |
Company Balance Sheet | 6 |
Consolidated Statement of Changes in Equity | 8 |
Company Statement of Changes in Equity | 9 |
Notes to the Consolidated Financial Statements | 10 |
Hunterlodge Group Limited |
Company Information |
for the Year Ended 31 December 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Trading as Lee & Co |
26 High Street |
Rickmansworth |
Hertfordshire |
WD3 1ER |
Hunterlodge Group Limited (Registered number: 07534447) |
Report of the Director |
for the Year Ended 31 December 2022 |
The director presents his report with the financial statements of the company and the group for the year ended 31 December 2022. |
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. |
DIRECTOR |
At the balance sheet date, Augustoceancoral Investments Limited owns 100% of the issued share capital of Hunterlodge Group Limited. The director Mr R E J Hunter controls Augustoceancoral Investments Limited. His shareholding is disclosed in the financial statements of that company. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
Hunterlodge Group Limited (Registered number: 07534447) |
Consolidated Income Statement |
for the Year Ended 31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ | £ | £ |
TURNOVER | 8,274,048 | 7,845,170 |
Cost of sales | 5,137,498 | 4,856,491 |
GROSS PROFIT | 3,136,550 | 2,988,679 |
Distribution costs | 181,007 | 156,136 |
Administrative expenses | 2,277,028 | 2,032,570 |
2,458,035 | 2,188,706 |
678,515 | 799,973 |
Other operating income | 16,116 | - |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION | 694,631 | 799,973 |
Tax on profit | 138,331 | 153,976 |
PROFIT FOR THE FINANCIAL YEAR |
Profit attributable to: |
Owners of the parent | 556,300 | 645,997 |
Hunterlodge Group Limited (Registered number: 07534447) |
Consolidated Balance Sheet |
31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 | 42,267 | 56,667 |
Investments | 7 | - | - |
42,267 | 56,667 |
CURRENT ASSETS |
Stocks | - | 5,258 |
Debtors | 8 | 1,613,622 | 1,317,610 |
Cash at bank | 1,127,675 | 626,466 |
2,741,297 | 1,949,334 |
CREDITORS |
Amounts falling due within one year | 9 | 2,385,186 | 1,613,096 |
NET CURRENT ASSETS | 356,111 | 336,238 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
398,378 |
392,905 |
PROVISIONS FOR LIABILITIES | 3,148 | 9,975 |
NET ASSETS | 395,230 | 382,930 |
CAPITAL AND RESERVES |
Called up share capital | 10 | 103 | 103 |
Retained earnings | 395,127 | 382,827 |
SHAREHOLDERS' FUNDS | 395,230 | 382,930 |
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 2022. |
The members have not required the company and the group 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 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. |
Hunterlodge Group Limited (Registered number: 07534447) |
Consolidated Balance Sheet - continued |
31 December 2022 |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
The financial statements were approved by the director and authorised for issue on 12 April 2023 and were signed by: |
R E J Hunter - Director |
Hunterlodge Group Limited (Registered number: 07534447) |
Company Balance Sheet |
31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
Investments | 7 |
CURRENT ASSETS |
Debtors | 8 |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 10 |
SHAREHOLDERS' FUNDS |
Company's profit for the financial year | 544,000 | 730,000 |
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 Group Limited (Registered number: 07534447) |
Company Balance Sheet - continued |
31 December 2022 |
The financial statements were approved by the director and authorised for issue on |
Hunterlodge Group Limited (Registered number: 07534447) |
Consolidated Statement of Changes in Equity |
for the Year Ended 31 December 2022 |
Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
Balance at 1 January 2021 | 103 | 466,830 | 466,933 |
Changes in equity |
Dividends | - | (730,000 | ) | (730,000 | ) |
Total comprehensive income | - | 645,997 | 645,997 |
Balance at 31 December 2021 | 103 | 382,827 | 382,930 |
Changes in equity |
Dividends | - | (544,000 | ) | (544,000 | ) |
Total comprehensive income | - | 556,300 | 556,300 |
Balance at 31 December 2022 | 103 | 395,127 | 395,230 |
Hunterlodge Group Limited (Registered number: 07534447) |
Company Statement of Changes in Equity |
for the Year Ended 31 December 2022 |
Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
Balance at 1 January 2021 |
Changes in equity |
Dividends | - | ( |
) | ( |
) |
Total comprehensive income | - |
Balance at 31 December 2021 |
Changes in equity |
Dividends | - | ( |
) | ( |
) |
Total comprehensive income | - |
Balance at 31 December 2022 |
Hunterlodge Group Limited (Registered number: 07534447) |
Notes to the Consolidated Financial Statements |
for the Year Ended 31 December 2022 |
1. | STATUTORY INFORMATION |
Hunterlodge Group Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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. |
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. |
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. |
Hunterlodge Group Limited (Registered number: 07534447) |
Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2022 |
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. |
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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
The average number of employees by undertakings that were proportionately consolidated during the year was 40 (2021 - 34 ) . |
4. | OPERATING PROFIT |
The operating profit is stated after charging: |
31.12.22 | 31.12.21 |
£ | £ |
Depreciation - owned assets | 14,400 | 19,199 |
5. | INDIVIDUAL INCOME STATEMENT |
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. |
Hunterlodge Group Limited (Registered number: 07534447) |
Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2022 |
6. | TANGIBLE FIXED ASSETS |
Group |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 | 642,720 |
DEPRECIATION |
At 1 January 2022 | 586,053 |
Charge for year | 14,400 |
At 31 December 2022 | 600,453 |
NET BOOK VALUE |
At 31 December 2022 | 42,267 |
At 31 December 2021 | 56,667 |
7. | FIXED ASSET INVESTMENTS |
Company |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
Shares in group undertakings comprises 100% of the issued share capital in Hunterlodge Advertising Limited, Hunterlodge Media Limited and Red Line Consulting Limited. |
Hunterlodge Group Limited (Registered number: 07534447) |
Notes to the Consolidated Financial Statements - continued |
for the Year Ended 31 December 2022 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Group | Company |
31.12.22 | 31.12.21 | 31.12.22 | 31.12.21 |
£ | £ | £ | £ |
Trade debtors | 1,175,110 | 683,591 |
Amounts owed by group undertakings | 378,251 | 568,662 |
Other debtors | 60,261 | 65,357 |
1,613,622 | 1,317,610 |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
Group | Company |
31.12.22 | 31.12.21 | 31.12.22 | 31.12.21 |
£ | £ | £ | £ |
Bank loans and overdrafts | 16,200 | 8,335 |
Trade creditors | 1,464,459 | 811,395 |
Amounts owed to group undertakings | - | - |
Taxation and social security | 246,907 | 249,343 |
Other creditors | 657,620 | 544,023 |
2,385,186 | 1,613,096 |
10. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 31.12.22 | 31.12.21 |
value: | £ | £ |
Ordinary | £1 | 103 | 103 |