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REGISTERED NUMBER: 00953397 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

Hendre Coed Limited

Hendre Coed Limited (Registered number: 00953397)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Hendre Coed Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mr B G Hallard
Mrs D Hallard
Mrs J L Thomas





SECRETARY: Mrs D Hallard





REGISTERED OFFICE: 1 Mortimer Street
Birkenhead
Merseyside
CH41 5EU





REGISTERED NUMBER: 00953397 (England and Wales)





ACCOUNTANTS: Lerman Quaile
1 Mortimer Street
Birkenhead
Merseyside
CH41 5EU

Hendre Coed Limited (Registered number: 00953397)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,110,253 845,401

CURRENT ASSETS
Stocks 7,562 56,950
Debtors 5 256,500 278,983
Cash at bank and in hand 576,219 387,310
840,281 723,243
CREDITORS
Amounts falling due within one year 6 423,392 416,325
NET CURRENT ASSETS 416,889 306,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,527,142

1,152,319

CAPITAL AND RESERVES
Called up share capital 103 103
Revaluation reserve 8 79,032 79,032
Retained earnings 1,448,007 1,073,184
SHAREHOLDERS' FUNDS 1,527,142 1,152,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:





Mrs J L Thomas - Director


Hendre Coed Limited (Registered number: 00953397)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Hendre Coed Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on reducing balance
Plant and machinery etc - 25% on reducing balance, 10% on reducing balance and 5% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hendre Coed Limited (Registered number: 00953397)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2020 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2021 653,403 460,727 397,507 30,826 1,542,463
Additions - 335,347 101,843 7,075 444,265
Disposals - (138,634 ) - - (138,634 )
At 31 December 2021 653,403 657,440 499,350 37,901 1,848,094
DEPRECIATION
At 1 January 2021 235,586 150,948 281,698 28,830 697,062
Charge for year 10,190 20,831 21,765 2,268 55,054
Eliminated on disposal - (14,275 ) - - (14,275 )
At 31 December 2021 245,776 157,504 303,463 31,098 737,841
NET BOOK VALUE
At 31 December 2021 407,627 499,936 195,887 6,803 1,110,253
At 31 December 2020 417,817 309,779 115,809 1,996 845,401

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 32,577 70,410
Amounts owed by group undertakings 184,401 184,401
Other debtors 39,522 24,172
256,500 278,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts - 22,306
Trade creditors 112,352 133,893
Taxation and social security 26,158 89,640
Other creditors 284,882 170,486
423,392 416,325

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans - 22,306

Hendre Coed Limited (Registered number: 00953397)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. RESERVES
Revaluation
reserve
£   
At 1 January 2021
and 31 December 2021 79,032

9. RELATED PARTY DISCLOSURES

The company was owed £184,400 at the 31st December 2021 (£184,400 2020) by the Golden Fleece Limited a connected company by way of a loan.