Company registration number 05804216 (England and Wales)
HAINAULT BUSINESS PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
HAINAULT BUSINESS PARK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HAINAULT BUSINESS PARK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
4,813
10,338
Cash at bank and in hand
109,522
119,432
114,335
129,770
Creditors: amounts falling due within one year
4
(19,750)
(19,753)
Net current assets
94,585
110,017
Capital and reserves
Called up share capital
-
0
-
0
Profit and loss reserves
94,585
110,017
Total equity
94,585
110,017

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 25 October 2023 and are signed on its behalf by:
C A Wyles
Director
Company Registration No. 05804216
HAINAULT BUSINESS PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Office N, 11-17 Fowler Road, Hainault Business Park, Hainault, Essex, IG6 3UJ.

1.1
Accounting convention

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

The financial statements are prepared in sterling, which is the functional currency of the entity.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

1.2
Turnover

Turnover shown in the income and expenditure account, represents amounts invoiced for membership levies and consultancy income, together with amounts received in respect of grants, sponsorship and donations.

1.3
Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Classification of financial liabilities

The company is limited by guarantee and as such has no share capital. In the event of a winding up the liability of members is limited to £1.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

1.6
Employee benefits
HAINAULT BUSINESS PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees
2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
4,813
10,338
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
16,828
16,957
Corporation tax
128
2
Other creditors
2,794
2,794
19,750
19,753
2023-03-312022-04-01falseCCH SoftwareCCH Accounts Production 2023.100No description of principal activityC A WylesV ThakrarD TaylorS O'BrienN R HulmeA K HulmeR S BradleyA WeinbergS Croft058042162022-04-012023-03-31058042162023-03-31058042162022-03-3105804216core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3105804216core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3105804216core:CurrentFinancialInstruments2023-03-3105804216core:CurrentFinancialInstruments2022-03-3105804216core:ShareCapital2023-03-3105804216core:ShareCapital2022-03-3105804216core:RetainedEarningsAccumulatedLosses2023-03-3105804216core:RetainedEarningsAccumulatedLosses2022-03-3105804216bus:Director12022-04-012023-03-31058042162021-04-012022-03-3105804216core:WithinOneYear2023-03-3105804216core:WithinOneYear2022-03-3105804216bus:PrivateLimitedCompanyLtd2022-04-012023-03-3105804216bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105804216bus:FRS1022022-04-012023-03-3105804216bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3105804216bus:Director22022-04-012023-03-3105804216bus:Director32022-04-012023-03-3105804216bus:Director42022-04-012023-03-3105804216bus:Director52022-04-012023-03-3105804216bus:Director62022-04-012023-03-3105804216bus:Director72022-04-012023-03-3105804216bus:Director82022-04-012023-03-3105804216bus:Director92022-04-012023-03-3105804216bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP