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REGISTERED NUMBER: 05340135 (England and Wales)















Hinds Industries Limited

Unaudited Financial Statements

For The Year Ended

31st December 2021






Hinds Industries Limited (Registered number: 05340135)

Contents of the Financial Statements
For The Year Ended 31st December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

Hinds Industries Limited

Company Information
For The Year Ended 31st December 2021







DIRECTOR: T Alderson





REGISTERED OFFICE: 8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 05340135 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT

Hinds Industries Limited (Registered number: 05340135)

Balance Sheet
31st December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,546 5,348
Investments 5 100 100
Investment property 6 728,954 738,897
733,600 744,345

CURRENT ASSETS
Debtors 7 18,958 37,984
Cash at bank 271,160 362,385
290,118 400,369
CREDITORS
Amounts falling due within one year 8 36,631 107,976
NET CURRENT ASSETS 253,487 292,393
TOTAL ASSETS LESS CURRENT LIABILITIES 987,087 1,036,738

PROVISIONS FOR LIABILITIES 20,839 21,894
NET ASSETS 966,248 1,014,844

CAPITAL AND RESERVES
Called up share capital 9 100 100
Undistributable reserves 109,679 -
Retained earnings 856,469 1,014,744
SHAREHOLDERS' FUNDS 966,248 1,014,844

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

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

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.

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 director and authorised for issue on 13th September 2022 and were signed by:





T Alderson - Director


Hinds Industries Limited (Registered number: 05340135)

Notes to the Financial Statements
For The Year Ended 31st December 2021


1. STATUTORY INFORMATION

Hinds Industries 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on the break-up basis rather than going concern basis. All assets are recognised at net realisable value.

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.
Improvements to property - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

Hinds Industries Limited (Registered number: 05340135)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2021


4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property equipment Totals
£    £    £   
COST
At 1st January 2021
and 31st December 2021 18,151 102 18,253
DEPRECIATION
At 1st January 2021 12,803 102 12,905
Charge for year 802 - 802
At 31st December 2021 13,605 102 13,707
NET BOOK VALUE
At 31st December 2021 4,546 - 4,546
At 31st December 2020 5,348 - 5,348

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2021
and 31st December 2021 100
NET BOOK VALUE
At 31st December 2021 100
At 31st December 2020 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2021 738,897
Revaluations (9,943 )
At 31st December 2021 728,954
NET BOOK VALUE
At 31st December 2021 728,954
At 31st December 2020 738,897

Fair value at 31st December 2021 is represented by:
£   
Valuation in 2016 3,675
Valuation in 2017 274,900
Valuation in 2019 (90,220 )
Valuation in 2020 (68,734 )
Valuation in 2021 (9,943 )
Cost 619,276
728,954

Hinds Industries Limited (Registered number: 05340135)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2021


6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2021 2020
£    £   
Cost 619,276 619,276

Investment property was valued on an open market basis on 31st December 2021 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 4,933 27,306
Other debtors 14,025 10,678
18,958 37,984

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 31,940 21,292
Taxation and social security 1,811 2,213
Other creditors 2,880 84,471
36,631 107,976

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
99 Ordinary A £1 99 99
1 Ordinary B £1 1 1
100 100

10. RELATED PARTY DISCLOSURES

At the year end the company owed a former director and shareholder £Nil (2020 - £81,356) by way of an interest bearing loan, no interest has been charged in 2020.

Included within trade debtors is a balance of £4,829 (2020 - £27,083) owed by the subsidiary, this is not repayable under normal trading terms.

Included within trade creditors is a balance of £21,916 (2020 - £14,995) owed to the subsidiary, this is not repayable under normal trading terms.

Included in other debtors is a balance of £813 (2020 - £5,044) owed by the subsidiary company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hinds Industries Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hinds Industries Limited for the year ended 31st December 2021 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hinds Industries Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hinds Industries Limited and state those matters that we have agreed to state to the director of Hinds Industries Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hinds Industries Limited and its director for our work or for this report.

It is your duty to ensure that Hinds Industries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hinds Industries Limited. You consider that Hinds Industries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hinds Industries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
Chartered Accountants
8 Hopper Way
Diss
Norfolk
IP22 4GT


Date: .............................................