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jeff80
Thanks @jeff80 the info on the saddle is really useful to know. I believe that Hobbs supplied both fully speced bikes and frame only. I suppose I'll just never really know what the original spec was as the bike is so old and has probably had lots of owners.
At the moment my instinct is to replace the crankset, stem, handlebars and both wheels. I was planning to fit a derailleur anyway seeing as the frame has a boss fitted (I've already obtained a Simplex shifter from Hilary Stone, although the screw doesn't actually fit the boss unfortunately).
I suppose that someone may have simply built it up out of old parts to look original in order to get a better price...