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REGISTERED NUMBER: 02626209 (England and Wales)
















HAYNE BARN HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAYNE BARN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: I Record
F F Record
R L Record
E Hodson





REGISTERED OFFICE: Hayne Barn
Saltwood
Hythe
Kent
CT21 4EH





REGISTERED NUMBER: 02626209 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 588,939 511,785
Investments 5 1,270 1,270
Investment property 6 8,365,000 8,440,000
8,955,209 8,953,055

CURRENT ASSETS
Debtors 7 354,070 413,123
Cash at bank and in hand 94,035 150,234
448,105 563,357
CREDITORS
Amounts falling due within one year 8 696,074 649,229
NET CURRENT LIABILITIES (247,969 ) (85,872 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,707,240

8,867,183

CREDITORS
Amounts falling due after more than one
year

9

(3,085,514

)

(3,152,910

)

PROVISIONS FOR LIABILITIES (823,109 ) (837,988 )
NET ASSETS 4,798,617 4,876,285

CAPITAL AND RESERVES
Called up share capital 19,000 19,000
Retained earnings 4,779,617 4,857,285
SHAREHOLDERS' FUNDS 4,798,617 4,876,285

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

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

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





I Record - Director


HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

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


1. STATUTORY INFORMATION

Hayne Barn Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises revenue recognised by the company in respect of rental income and goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

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 etc - 33% on reducing balance, 25% on reducing balance, 20% on cost and 20% on reducing balance

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

Investment property
Investment properties are included in the balance sheet at revalued cost. The investment properties are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

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.

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

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


2. ACCOUNTING POLICIES - continued

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.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 370,000 519,913 889,913
Additions - 91,994 91,994
At 31 March 2023 370,000 611,907 981,907
DEPRECIATION
At 1 April 2022 - 378,128 378,128
Charge for year - 14,840 14,840
At 31 March 2023 - 392,968 392,968
NET BOOK VALUE
At 31 March 2023 370,000 218,939 588,939
At 31 March 2022 370,000 141,785 511,785

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost 370,000 611,907 981,907

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1,270
NET BOOK VALUE
At 31 March 2023 1,270
At 31 March 2022 1,270

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 8,440,000
Revaluations (75,000 )
At 31 March 2023 8,365,000
NET BOOK VALUE
At 31 March 2023 8,365,000
At 31 March 2022 8,440,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2019 2,689,933
Valuation in 2020 295,000
Valuation in 2021 480,000
Valuation in 2022 900,000
Valuation in 2023 (75,000 )
Cost 4,075,067
8,365,000

If the properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 4,075,067 4,075,067

Investment Properties were valued on an open market basis on 31 March 2023 by the Director Mr Ivor Record .

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 37,072 34,301
Amounts owed by group undertakings 62,147 62,147
Other debtors 254,851 316,675
354,070 413,123

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 50,000 -
Hire purchase contracts 8,307 3,158
Trade creditors 32,934 37,184
Amounts owed to group undertakings 506,688 506,688
Taxation and social security 14,675 12,172
Other creditors 83,470 90,027
696,074 649,229

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 3,080,000 3,144,450
Hire purchase contracts 5,514 8,460
3,085,514 3,152,910

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,880,000 3,144,450

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank Loans 3,130,000 3,144,450

The bank loans and overdrafts are secured by fixed charges over the company's investment properties, a fixed and floating charge over the company's assets and an unlimited multilateral guarantee given by Hayne Barn Investments Limited.

HAYNE BARN HOLDINGS LIMITED (REGISTERED NUMBER: 02626209)

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


11. RELATED PARTY DISCLOSURES

As at 31st March 2023 the Company owed £506,688 (2022: £506,688) to Hayne Barn Investments Ltd, a company under the common control of the directors Mr I Record and Ms M Record.

As at 31st March 2023 the Company was owed £200,000 (2022: £215,291) by Hayne Barn Leisure Ltd, a company in which the director Mr I Record has an interest.

As at the balance sheet date the director owed the company Nil (2022: Nil).









12. ULTIMATE CONTROLLING PARTY

The company is under the control of the director, Mr I Record and his wife by virtue of their shareholding in the company.