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REGISTERED NUMBER: 11157059 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

HADLEY ESTATES LIMITED

HADLEY ESTATES LIMITED (REGISTERED NUMBER: 11157059)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HADLEY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: C E Josefovitz





REGISTERED OFFICE: 70 Kyverdale Road
London
N16 6PJ





REGISTERED NUMBER: 11157059 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

HADLEY ESTATES LIMITED (REGISTERED NUMBER: 11157059)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Investment property 4 514,752 514,752

CURRENT ASSETS
Debtors 5 2,020 1,580
Cash at bank 1,959 1,985
3,979 3,565
CREDITORS
Amounts falling due within one year 6 (198,296 ) (196,255 )
NET CURRENT LIABILITIES (194,317 ) (192,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,435

322,062

CREDITORS
Amounts falling due after more than one
year

7

(289,467

)

(294,509

)

PROVISIONS FOR LIABILITIES (4,784 ) (4,784 )
NET ASSETS 26,184 22,769

CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 10 25,180 25,180
Retained earnings 10 1,003 (2,412 )
SHAREHOLDERS' FUNDS 26,184 22,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

HADLEY ESTATES LIMITED (REGISTERED NUMBER: 11157059)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2023


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 16 October 2023 and were signed by:





C E Josefovitz - Director


HADLEY ESTATES LIMITED (REGISTERED NUMBER: 11157059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Hadley Estates 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
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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

HADLEY ESTATES LIMITED (REGISTERED NUMBER: 11157059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 514,752
NET BOOK VALUE
At 31 January 2023 514,752
At 31 January 2022 514,752

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2021 25,180
Cost 489,572
514,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 1,580 1,580
Other debtors 440 -
2,020 1,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Taxation and social security 1,370 569
Other creditors 196,926 195,686
198,296 196,255

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 289,467 294,509

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 289,467 294,509

HADLEY ESTATES LIMITED (REGISTERED NUMBER: 11157059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 289,467 294,509

Long term bank loan is secured by first charge over the company's investment property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2022 (2,412 ) 25,180 22,768
Profit for the year 3,415 3,415
At 31 January 2023 1,003 25,180 26,183

11. ULTIMATE CONTROLLING PARTY

The controlling party is C E Josefovitz.