2022-04-012023-03-312023-03-31false08908178HEARTHSTONE PROPERTY MANAGEMENT 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HEARTHSTONE PROPERTY MANAGEMENT LTD

Registered Number
08908178
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

HEARTHSTONE PROPERTY MANAGEMENT LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

GOODWIN, Amy Rachel
KIEDYK, Jonathan Daniel

Registered Address

2 New Cottages Thurlow Road
Great Bradley
Newmarket
CB8 9LP

Registered Number

08908178 (England and Wales)
HEARTHSTONE PROPERTY MANAGEMENT LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets56,0305,902
6,0305,902
Current assets
Debtors610,02410,610
Cash at bank and on hand38,03126,657
48,05537,267
Creditors amounts falling due within one year7(40,442)(32,108)
Net current assets (liabilities)7,6135,159
Total assets less current liabilities13,64311,061
Provisions for liabilities(1,146)(1,121)
Net assets12,4979,940
Capital and reserves
Called up share capital22
Profit and loss account12,4959,938
Shareholders' funds12,4979,940
The financial statements were approved and authorised for issue by the Board of Directors on 7 November 2023, and are signed on its behalf by:
KIEDYK, Jonathan Daniel
Director
Registered Company No. 08908178
HEARTHSTONE PROPERTY MANAGEMENT LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Plant & machinery

Total

££
Cost or valuation
At 01 April 2222,14722,147
Additions4,4514,451
At 31 March 2326,59826,598
Depreciation and impairment
At 01 April 2216,24516,245
Charge for year4,3234,323
At 31 March 2320,56820,568
Net book value
At 31 March 236,0306,030
At 31 March 225,9025,902
6.Debtors

2023

2022

££
Trade debtors / trade receivables9,79310,610
Other debtors231-
Total10,02410,610
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables188139
Taxation and social security2171,663
Other creditors38,83727,847
Accrued liabilities and deferred income1,2002,459
Total40,44232,108
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.