Company registration number 08326628 (England and Wales)
HADWIN INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
PAGES FOR FILING WITH REGISTRAR
HADWIN INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HADWIN INVESTMENTS LIMITED
BALANCE SHEET
AS AT
5 APRIL 2022
05 April 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Investments
4
3,697,738
3,693,529
Current assets
Cash at bank and in hand
228,983
209,910
Creditors: amounts falling due within one year
5
(1,956,893)
(2,104,488)
Net current liabilities
(1,727,910)
(1,894,578)
Total assets less current liabilities
1,969,828
1,798,951
Provisions for liabilities
(191,000)
(172,500)
Net assets
1,778,828
1,626,451
Capital and reserves
Called up share capital
6
100
100
Revaluation reserve
827,466
781,417
Profit and loss reserves
951,262
844,934
Total equity
1,778,828
1,626,451

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 5 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 7 September 2022 and are signed on its behalf by:
R K Gabbertas
Director
Company Registration No. 08326628
HADWIN INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
- 2 -
1
Accounting policies
Company information

Hadwin Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Rutland Park, Sheffield, S10 2PD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Fair value measurement of financial instruments

Listed investments are valued at the quoted price at each reporting date. Changes in fair value are recognised in the profit or loss account.

 

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

HADWIN INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2022
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
3
3
3
Taxation
2022
2021
£
£
Current tax
UK corporation tax on profits for the current period
5,871
30,972
Deferred tax
Origination and reversal of timing differences
18,500
123,500
Total tax charge
24,371
154,472
4
Fixed asset investments
2022
2021
£
£
Other investments other than loans
3,697,738
3,693,529
Fixed asset investments revalued

The historical cost of investments £2,669,626 (2021: is £2,729,967)

Movements in fixed asset investments
Investments
£
Cost or valuation
At 6 April 2021
3,693,529
Additions
509,548
Valuation changes
64,549
Disposals
(569,888)
At 5 April 2022
3,697,738
Carrying amount
At 5 April 2022
3,697,738
At 5 April 2021
3,693,529
HADWIN INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2022
- 4 -
5
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
4,466
29,181
Other creditors
1,948,107
2,071,107
Accruals and deferred income
4,320
4,200
1,956,893
2,104,488
6
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Directors' transactions

At the year end, an amount of £1,948,107 (2021: £2,071,107) was due to the estate of Mrs S P Gabbertas and is included in other creditors.

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