Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31No description of principal activityfalse2021-04-012625truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00844561 2021-04-01 2022-03-31 00844561 2020-04-01 2021-03-31 00844561 2022-03-31 00844561 2021-03-31 00844561 c:Director1 2021-04-01 2022-03-31 00844561 d:Buildings 2021-04-01 2022-03-31 00844561 d:Buildings 2022-03-31 00844561 d:Buildings 2021-03-31 00844561 d:Buildings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 00844561 d:MotorVehicles 2021-04-01 2022-03-31 00844561 d:MotorVehicles 2022-03-31 00844561 d:MotorVehicles 2021-03-31 00844561 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 00844561 d:FurnitureFittings 2021-04-01 2022-03-31 00844561 d:FurnitureFittings 2022-03-31 00844561 d:FurnitureFittings 2021-03-31 00844561 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 00844561 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 00844561 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00844561 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 00844561 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 00844561 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 00844561 d:ShareCapital 2022-03-31 00844561 d:ShareCapital 2021-03-31 00844561 d:RetainedEarningsAccumulatedLosses 2022-03-31 00844561 d:RetainedEarningsAccumulatedLosses 2021-03-31 00844561 c:FRS102 2021-04-01 2022-03-31 00844561 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 00844561 c:AbridgedAccounts 2021-04-01 2022-03-31 00844561 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure












HATFIELD INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Registered number: 00844561

 
HATFIELD INVESTMENTS LIMITED
REGISTERED NUMBER: 00844561

ABRIDGED BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,090,878
1,085,591

Current assets
  

Stocks
  
750
700

Debtors
  
31,615
14,822

Cash at bank and in hand
  
105,290
169,974

  
137,655
185,496

Creditors: amounts falling due within one year
  
(59,700)
(75,640)

Net current assets
  
 
 
77,955
 
 
109,856

Total assets less current liabilities
  
1,168,833
1,195,447

Creditors: amounts falling due after more than one year
  
(338,865)
(366,536)

Provisions for liabilities
  
(19,727)
(19,560)

Net assets
  
£810,241
£809,351


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
809,241
808,351

  
£810,241
£809,351


Page 1

 
HATFIELD INVESTMENTS LIMITED
REGISTERED NUMBER: 00844561

ABRIDGED BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The abridged financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 September 2022.




S Booth
Director

The notes on pages 3 to 6 form part of these abridged financial statements.

Page 2

 
HATFIELD INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Hatfield Investments Limited is a private company, limited by shares, domiciled in England and Wales, registration number 00844561. The company's principal place of business is Crossways, 1 The Boulevard, Sheringham, Norfolk, NR26 8LH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises the invoiced value of care home fees receivable by the company.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives.
Freehold land cost is not depreciated as this is considered to have an indefinite life. The directors also consider that the residual value of buildings significantly exceeds their historical cost and accordingly no depreciation provision is required. The directors undertake an annual impairment review of all assets.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance

A full years depreciation charge is provided in the year of acquisition and none in the year of disposal.
Gains and losses on disposals are determined by comparing proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Stocks

Stocks are valued at the lower of cost and net realisable value.

 
2.5

Debtors

Debtors are measured at transaction price, less any impairment for bad or doubtful debts.

Page 3

 
HATFIELD INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

 
2.8

Creditors

Creditors are measured at transaction price.

 
2.9

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method in order that the amount charged is at a constant rate to the outstanding value of the loan or financed amount.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Current and deferred taxation

The taxation expense for the year comprises current and deferred tax. Taxation is only recognised in the Statement of Comprehensive Income.
The current corporation tax charge is calculated on the basis of taxation rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.
The charge for taxation takes into account taxation deferred or accelerated as a result of all material timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax assets are recognised only to the extent that they are regarded as recoverable within the foreseeable future. Deferred tax assets and liabilities are not discounted.

Page 4

 
HATFIELD INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.


3.


Employees

The average monthly number of employees, including directors, during the year was 26 (2021 - 25).


4.


Tangible fixed assets





Freehold land and buildings
Motor vehicles
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2021
982,644
30,780
348,801
1,362,225


Additions
4,409
-
21,919
26,328



At 31 March 2022

987,053
30,780
370,720
1,388,553



Depreciation


At 1 April 2021
-
7,695
268,940
276,635


Charge for the year on owned assets
-
5,771
15,269
21,040



At 31 March 2022

-
13,466
284,209
297,675



Net book value



At 31 March 2022
£987,053
£17,314
£86,511
£1,090,878



At 31 March 2021
£982,644
£23,085
£79,862
£1,085,591

Page 5

 
HATFIELD INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Secured creditors

Creditors falling due within and after more than one year include bank loans totalling £366,531 (2021 - £392,934) which are secured.


6.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £123,801 (2021 - £83,145). Contributions totalling £649 (2010 - £682) were payable to the fund at the balance sheet date and are included in creditors.


Page 6