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REGISTERED NUMBER: 01182254 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Hardwick Estates Limited

Hardwick Estates Limited (Registered number: 01182254)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hardwick Estates Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: O Keane
I J Keane





REGISTERED OFFICE: 7 Farm Avenue
London
NW2 2EG





REGISTERED NUMBER: 01182254 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

Hardwick Estates Limited (Registered number: 01182254)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 78,125 30,506
Investment property 6 1,400,000 1,400,000
1,478,125 1,430,506

CURRENT ASSETS
Debtors 7 16,974 65,820
Cash at bank 165,788 138,557
182,762 204,377
CREDITORS
Amounts falling due within one year 8 258,244 283,592
NET CURRENT LIABILITIES (75,482 ) (79,215 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,402,643

1,351,291

PROVISIONS FOR LIABILITIES 687,345 643,681
NET ASSETS 715,298 707,610

CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Fair value reserve 10 781,434 791,100
Retained earnings 10 (71,136 ) (88,490 )
SHAREHOLDERS' FUNDS 715,298 707,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Hardwick Estates Limited (Registered number: 01182254)

Balance Sheet - continued
31 December 2022


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 20 October 2023 and were signed on its behalf by:





O Keane - Director


Hardwick Estates Limited (Registered number: 01182254)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Hardwick 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income from the properties owned by the company, excluding value added tax.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Hardwick Estates Limited (Registered number: 01182254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 64,107
Additions 62,133
At 31 December 2022 126,240
DEPRECIATION
At 1 January 2022 33,601
Charge for year 14,514
At 31 December 2022 48,115
NET BOOK VALUE
At 31 December 2022 78,125
At 31 December 2021 30,506

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022
and 31 December 2022 1,400,000
NET BOOK VALUE
At 31 December 2022 1,400,000
At 31 December 2021 1,400,000

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2001 254,750
Valuation in 2003 51,468
Valuation in 2004 (3,000 )
Valuation in 2009 (16,213 )
Valuation in 2012 (15,297 )
Valuation in 2015 400,000
Valuation in 2016 100,000
Valuation in 2018 50,000
Cost 578,292
1,400,000

At the balance sheet date the director O Keane has re-valued freehold land and buildings to their open market value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 16,974 65,820

Hardwick Estates Limited (Registered number: 01182254)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 3,408 3,408
Taxation and social security 13,855 26,299
Other creditors 240,981 253,885
258,244 283,592

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
5,000 Ordinary £1 5,000 5,000

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

At 1 January 2022 (88,490 ) 791,100 702,610
Profit for the year 7,688 7,688
Property Valuation Movement 9,666 (9,666 ) -
At 31 December 2022 (71,136 ) 781,434 710,298