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REGISTERED NUMBER: 02774555 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 23 FEBRUARY 2023

FOR

HOBART LAND LIMITED

HOBART LAND LIMITED (REGISTERED NUMBER: 02774555)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

HOBART LAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 23 FEBRUARY 2023







DIRECTOR: Mr R A H Kenlock





SECRETARY: Mrs L Kenlock





REGISTERED OFFICE: Office 11
Romney Marsh Business Hub
Mountfield Road
New Romney
Kent
TN28 8LH





REGISTERED NUMBER: 02774555 (England and Wales)





ACCOUNTANTS: Stephen Hill Mid Kent Ltd
Office 11
Romney Marsh Business Hub
Mountfield Road
New Romney
Kent
TN28 8LH

HOBART LAND LIMITED (REGISTERED NUMBER: 02774555)

BALANCE SHEET
23 FEBRUARY 2023

23.2.23 23.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,995 7,595

CURRENT ASSETS
Stocks 2,502,508 2,494,385
Debtors 5 44,960 43,400
Cash at bank 230,629 138,789
2,778,097 2,676,574
CREDITORS
Amounts falling due within one year 6 60,582 67,995
NET CURRENT ASSETS 2,717,515 2,608,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,726,510

2,616,174

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 2,726,430 2,616,094
SHAREHOLDERS' FUNDS 2,726,510 2,616,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 February 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.

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 17 October 2023 and were signed by:





Mr R A H Kenlock - Director


HOBART LAND LIMITED (REGISTERED NUMBER: 02774555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 23 FEBRUARY 2023

1. STATUTORY INFORMATION

Hobart Land 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 1 (2022 - 1 ) .

HOBART LAND LIMITED (REGISTERED NUMBER: 02774555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 23 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 24 February 2022 5,000 9,798 13,880
Additions - - -
At 23 February 2023 5,000 9,798 13,880
DEPRECIATION
At 24 February 2022 - 8,047 13,646
Charge for year - 350 47
At 23 February 2023 - 8,397 13,693
NET BOOK VALUE
At 23 February 2023 5,000 1,401 187
At 23 February 2022 5,000 1,751 234

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 24 February 2022 1,649 8,659 38,986
Additions - 3,606 3,606
At 23 February 2023 1,649 12,265 42,592
DEPRECIATION
At 24 February 2022 1,645 8,053 31,391
Charge for year 1 1,808 2,206
At 23 February 2023 1,646 9,861 33,597
NET BOOK VALUE
At 23 February 2023 3 2,404 8,995
At 23 February 2022 4 606 7,595

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.2.23 23.2.22
£    £   
Trade debtors 3,560 2,000
Other debtors 41,400 41,400
44,960 43,400

HOBART LAND LIMITED (REGISTERED NUMBER: 02774555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 23 FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.2.23 23.2.22
£    £   
Trade creditors 4,075 4,809
Taxation and social security 25,893 32,211
Other creditors 30,614 30,975
60,582 67,995

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HOBART LAND 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 Hobart Land Limited for the year ended 23 February 2023 which comprise the Income Statement, Balance Sheet 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 Hobart Land Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hobart Land Limited and state those matters that we have agreed to state to the director of Hobart Land 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 Hobart Land Limited and its director for our work or for this report.

It is your duty to ensure that Hobart Land 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 profit of Hobart Land Limited. You consider that Hobart Land 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 Hobart Land 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.






Stephen Hill Mid Kent Ltd
Office 11
Romney Marsh Business Hub
Mountfield Road
New Romney
Kent
TN28 8LH


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